What is an NV company? Let us tell you!
An NV or a naamloze venootschap in dutch is known in English as a public limited company. This company have legal personality. The main difference between a BV, besloten vennootschap, and an NV, naamloze venootschap, is normally the size of it. An nv company is naturally larger in size with several directors comparing to a BV company. The capital of a BV is usuallydivided intro shares that are held by the shareholders. The ultimate power usually lies within the shareholders too since they are allowed to make decisions about the company, and they may also appoint and dismiss the board. An nv company is also only allowed to issue registered shares not bearer shares. The directors are responsible for the daily management of the company. This type of company has a supervisory board which monitors the management, a two-tier board. In other cases, the supervisors are part of the board, a one tier board. NV companies that are trading on the stock market must follow the Corporate Governance Code which is a code that describes how the management and supervisory board of the company have to inform their shareholders.
Thing to pay attention to when you want to set up an nv company!
- Civil law notary
- The formation of an NV
- The cost to make an NV
- The taxes you must pay when you have an NV
First of all, you can’t make an NV by yourself, you will need a civil law notary in order to do so. The civil law notary then will draw up the notarial deed that contains the articles of association and registers you nv company in the Handelstregister or as many knows it, the Dutch Busiess Register at the Netherlands chamber of commerce, the KVK. All directors must register in the business register. Once this registration has been done, you are then personally liable. You also need to invest at least 45,0000 euros as starting capital.
We recommend you to register your company first to the Business Register, because you then can start doing business with your nv company before it even been established. A civil law notary must declare to take care of the establishment. The NV will come forward as an “NV in formation” or NV in oprichting or NV io in dutch until it is established.You then must clearly convey your to your business partners that all contract in this phase are being established on behalf of the NV in oprichting. After the formation of your business, the NV can only take over a contract if the other party agrees.
As we mentioned previously, you will need a starting capital of 45,000 euros for an nv company. You also have to pay civil – law notary fees that differs between each civil – law notary. You also need to pay for the KVK registration fees and accounting fees. In average the cost with range between 500 euros to 2200 euros. For the KVK, you will only need to pay one time registration fee. On top of that, there are costs for bookkeeping.
Set up your nv company now at Inter Company Solutions
We are experts of helping you register or make a company in the Netherlands. Our service is remarkable to meet your and the Dutch government standards. All you have to do is sit back and relax while we do most of the job for you. If you have further questions on nv company, go to www.intercompanysolutions.com
