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Bill to simplify limited liability company legislation published

01 October 2007

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Proposed Changes

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Netherlands

Recently, the Dutch government introduced a Bill aimed at simplifying the Dutch limited liability company (Besloten Vennootschap (BV)) legislation. The most important aspects are summarized below. Minimum capital requirement The minimum capital requirement of currently EUR 18,000 would be abolished. As a result, it would become possible to incorporate a BV with one share with a par value of EUR 0.01. Contributions in kind Under the current legislation, an auditor statement is required in cases of (i) a contribution in kind for the receipt of shares, and (ii) when a BV acquires assets from an incorporator or shareholder within two...