Features of BV in the Netherlands
The Netherlands is a Western European state, one of the founding states of the European Union. The kingdom is washed by the North Sea and borders on Germany and Belgium.

The country attracts foreign citizens with a high standard of living, developed industry (food, chemical, oil refining, engineering), high-quality of transport infrastructure (the largest port in Rotterdam), stable economic system, low unemployment and loyalty to entrepreneurship.

The Netherlands is recognized as one of the most prestigious jurisdictions in the world, which gives Dutch companies advantages in cooperation with foreign partners and large banks. The country has been attracting foreign investors for many years.

Dutch legislation provides for the following legal forms of businesses:
  • Private limited company or Besloten Vennootschap (BV)
  • Public limited company or Naamloze Vennootschap (NV)
  • Limited Liability Partnership or Commanditaire Vennootschap (CV)
  • Association or Vereniging
  • Trust company or Stichting
  • Foundation or Stuck
Private limited company or Besloten Vennootschap (BV) is the most popular legal form among foreign investors.
BV is a classic form of limited liability company, in which the founders act as legal entities and manage the company based on their interest in the company.  The minimum authorized capital is 1 euro. BVs’ shareholders are not liable for company losses in excess of the value of their shares.

Both individuals and legal entities may be provided with shares/interest in the company, as well as the possibility to participate in decision-making. However, further, BV shares cannot be freely transferred to third parties. This will require notarization of the transfer.

BV can be managed by a sole director or by the Board. It depends on the number of shareholders. The sole shareholder has the right to act as a sole director of the company. When establishing the Board of Directors, the relationship between the Board and the shareholders is regulated by the memorandum of association, which may provide for various rights, obligations and restrictions imposed on directors, for example, a ban on related-party transactions.

Limited liability companies must submit financial statements annually and have their accounts audited. The founders are required to recognize all the company's income on the balance sheet and financial statements.
It is also important to note that immediately after the start, a company must obtain VAT number to pay the tax. There is no foreign exchange control in the country.
It is not necessary for BVs to use secretary services, however, specialists help businessmen solve daily and annual problems, such as submitting reports, signing documents, and ongoing assistance in resolving company issues.

There is no need to renew company's license annually, however, every year it is necessary to renew company's address and submit reports. In addition, upon registration and then annually, a state fee of 80 euros must be paid.
A foreign investor can register a BV in the Netherlands in 7 or 2 business days (express registration). It is important to note that remote registration is possible, although it may take 14 business days.
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