What is the difference between nv and bv

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Maarten, and Aruba. Two spouses may incorporate an N. However, naming of the company after any of its partners is not allowable. Establishing an N.

If the incorporation is by two founders or there are only two shareholders, the board may have two members. Because the N. The drafting of an official deed is done before a notary. The filing of articles of incorporation with the registrar must happen within 15 days of corporation creation.

The registrar will then arrange for publication in the Belgian Official Gazette. The company enrolls in the "register of legal entities" kept at the commercial court registry. Also, the registry will assign the company an enterprise number. If the company engages in commercial activities, it registers as a trader at the Crossroads Bank for Enterprises via a business counter. Because partner and shareholder liability is limited to individual contributions, personal assets are not at risk.

However, the decision-making process is more complicated, and accounting procedures and reporting obligations to federal authorities are more substantial than with other business structures.

Home Career Business structures. Facebook Twitter LinkedIn reddit What's up. NV - Public limited company. The NV in a nutshell Establishment: notarial deed of incorporation Capital required: Becoming an expat entrepreneur in the Netherlands is easy due to the local startup climate. See how to start your own business!

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If you are a shareholder, you are only liable up to the amount of your shares. Directors may either jointly or individually sign contracts or perform certain legal acts on behalf of the company. This is stated in the articles of association. Directors can also give someone else power of attorney. This person may then also act on behalf of the company.

It is not mandatory to register this person with the Commercial Register, however, it can be useful. For example, it is a way to inform your business partners about who is allowed to act on behalf of the company.

An nv can hire personnel. You have to pay payroll taxes and social contributions for your employees. If you are hiring employees for the first time , you must register as an employer with the Dutch Tax and Customs Authorities. You must also report this to KVK. As a director you are employed by the nv and covered by social insurance.

There are exceptions, namely if you:. If you are not covered by social insurance, you can take out insurance yourself. A formal decision from the general meeting of shareholders is required in order to end an nv. The nv then needs to pay off debts and dividend before it ceases to exist.

An nv can buy or sell shares on the stock exchange. To do so, you must meet a number of conditions. For example, your company must be in existence for more than 5 years, the equity must be at least equal to 5 million euros and the total value of the shares must be more than 5 million euros. Your company must also have been profitable for at least 3 years in the past 5 years.

This unique number is used by the financial authorities to track global transactions and ensure they are above board. Contact form. To top. On this page What is a public limited company?