Template:Unreferenced Template:Companies law

Template:Lang (usually abbreviated BV) is the Dutch terminology for a private limited liability company. The company is owned by shareholders, and the company's shares are privately registered and not freely transferable. The phrase means "secluded partnership" or "private partnership" and it is the most common form of enterprise in the Netherlands.

A BV may be created by one or more individuals or legal entities, Dutch or foreign, with a minimum paid in capital of €18,000. After the Ministry of Justice issues a statement of no-objection, a deed of incorporation is executed and filed. The deed must be in Dutch; it contains details of the incorporators and of the initial Members of the Board, their amounts of participation and payments of initial capital. The deed also contains the Articles of Association, consisting of at least:

  • the company name (which must begin or end with "B.V.")
  • the city where the company has its registered seat
  • the purpose of the company
  • the authorized capital in Euro and its division in shares
  • the conditions for share transfer

The authorized capital is the maximum capital that may subsequently be issued without altering the Articles of Association; it may be up to a maximum of five times the initial capital.

Contrast with the publicly traded form of company: Template:Lang.

See alsoEdit

nl:Besloten vennootschap met beperkte aansprakelijkheid vi:Besloten Vennootschap

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