In the Netherlands Antilles
the expression Off-shore Company has
historically referred to a
standard NV as described above which
conforms to some additional conditions
allowing it to
receive privileged tax treatment.
Netherlands Antilles Besloten Vennootschap
(NABV) has been introduced alongside
the New Fiscal Framework. Unlike the
NV, no ministerial
Declaration of No Objection is required.
Incorporation is quick, and there
are no minimum ca-pital requirements.
The deed of incorporation can be in
any language although a Dutch or English
translation must be attached. Shares
may or may not have a par value, voting
rights or partici-pation rights. Sharer
must be registered The BV can be converted
into an NV or vice versa, or he two
may merge. The NABV can be exempt
from profits tax and withholding tax
when it conforms to some specific
Partnerships are recognized
under The Netherlands Antilles Commercial
Code. In this partnership VOF (Vennootschap
Onder Firma) each partner is liable
for all the debts of the partnership,
as in common law partnerships. Details
of the partnership and of the partners
must be entered in the Commercial
Register at the Chamber of Commerce.
Partnerships are fiscally transparent
and there are no filing requirements.