NV company: what is it and how can you start a company in the Netherlands?
NV company: what is it and how can you start a company in the Netherlands?
When you want to start a company in the Netherlands, you will also come across the term NV company. It may not mean anything to you. That does not matter, because fortunately these days it is very easy to search for information on the internet and find out what something is. You may have come across this article because you were looking for this term. In this article we explain what it is and how you can set up a company in the Netherlands.
What is the NV company?
The abbreviation NV stands for public limited company. This is a legal form of a company where the company has a legal personality. This means that if there are debts, the directors of the company are not liable with their private assets.
Exceptions to this:
- There is mismanagement
- The company has not yet been registered in the trade register
In a NV company, the capital is divided into shares. These shares are owned by shareholders, which gives them the right to make decisions about the company’s affairs. They can appoint the board, but also dismiss them. Shares in a NV company can be resold. In a public limited company, the directors are responsible for the affairs of the company. So they are in charge. A NV company often also has a supervisory board. These supervisory directors oversee the management. Sometimes the supervisors are also part of the board. As a shareholder, your liability is the amount of your shares. That is all.
If you want to start a NV company, you have to go to the notary. The notary draws up a notarial deed. This contains the statutes. The notary also takes care of the registration in the Trade Register of the KVK. Each board member is also listed in this Commercial Register. If this has not yet been done, you as a person are liable for debts. You have to deposit at least EUR 45,000 as starting capital in the company. At the time of incorporation, you enter all stakeholders of the company in the UBO register. Stakeholders are people with more than 25% of the shares in the company. Is your company listed on the stock exchange? Then you do not have to register the stakeholders here.
You can start doing business before you have incorporated your NV company. However, registration with the Trade Register is mandatory. So here, too, you will need a notary. It is also important that you make clear to the people with whom you do business that you will conclude contracts in the name of the company. But these contracts still have to be taken over by the nv once the entire registration is complete. In other words, you are liable during this period. You can only write the contract on the company if the company or the person you are doing business with agrees.
Help with starting a NV company
It sounds quite complicated and a lot of work to start a NV company. Fortunately, you can get help. Do this at intercompanysolutions.com. Go to their website and contact them. They will help you from start to finish with setting up your company, make sure you get a VAT number and much more.
