Changes in Dutch Comapny Law - flex BV

Since 1 October 2012 it is easier for entrepreneurs to establish a besloten vennootschap (Dutch variant of British Private Limited Company) in the Netherlands. This is possible on the ground of a the flex-bv act.

The changes extend to different aspects of the law of a besloten vennootschap. First of all an obligation of minimum capital of eighteen thousand euro has been abolished. This means that it is possible to establish a besloten vennootschap without any capital input. It is therefore also not needed to acquire a declaration from the bank and accountant that a requirement of the minimum capital is satisfied.  Furthermore, there is a lot of freedom and flexibility by the drafting of the company’s statutes, also regarding the cooperation between shareholders. It is furthermore also possible to issue shares without voting rights and dividend rights.

These are only a few examples of the changes in the law of besloten vennootschap, that de facto simplified the procedure of estaplishing a limited liability company, and made it easier to cooperate within an limited liability company.