Tuesday, 17 October, 2017
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Netherlands – Commanditaire Venootschaap (CV)
  • The Kingdom of the Netherlands is often called Holland which is not officially correct. North Holland and South Holland are provinces of the Netherlands, although the most developed of the twelve provinces. Legend states that the name "Holland" became widespread after the visit of Peter I and his entourage to the Netherlands when for brevity only the part of the country that was actually visited, namely Holland, was mentioned.
  • The Netherlands is a highly developed member state of the EU, and a jurisdiction with a standard level of taxation. The rate of corporate tax in Netherlands is 25%. However, Dutch legislation provides the opportunity of registering and using Netherlands enterprises with a zero rate of tax using a vehicle known as a Commanditaire Venootschaap (CV).
  • The CV is a limited partnership having no less than two partners. One of the partners is a General Partner, while the other partners have the status of Limited Partners.
  • The legislation by default provides that the operating body of a CV company is the General Partner. However, there are no restrictions to appoint additional persons to the position of director or manager of a CV company. Nonetheless, the General Partner bears the basic responsibility for the commercial activity and for the financial obligations of a CV company.

GENERAL INFORMATIONTotal area – 41,526 sq km
Population – 16,500,000
Location - click here to see the map of offshore jurisdictions
Political status – parliamentary monarchy
Capital – Amsterdam
Official language – Dutch
Official currency – Euro (EUR)
Time zone – GMT + 1
Company typeCommanditaire Venootschaap (CV)
Directors/OfficersNetherlands CV companies require a minimum of 2 Partners, who may be natural persons or corporate bodies from any legal jurisdiction.
Each Netherlands CV company must file a Register of its Partners with the Netherlands Trade Register (Kamer Van Koophandel)
ShareholdersThe legislation on Netherlands CV companies does not consider a status of shareholders.
SecretaryThere is no statutory requirement for a Company Secretary to be appointed.
Authorised share capital Standard authorised capital = EUR 1,000.
However, responsibility of the General Partner for liabilities of CV company is unlimited.
Company Names The name of Netherlands CV company must end with the words Commanditaire Venootschaap, or suffix "CV".
Company names containing restricted words such as "Bank", "Insurance", "Trust", etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of a company and is held by the agent on a confidential basis.
Filing of Annual ReturnAn Annual Return must be submitted every 12 months after the date of registration.
Filing of Financial StatementsFinancial Statement must be prepared by the company every year.
Corporate TaxationCorporate Tax rate for Netherlands CV companies with non-resident partners is 0%.
Tax TreatiesCV companies are not regarded as residents for tax purposes in Netherlands, and therefore are not entitled to take advantage of Double Tax treaties concluded by Netherlands with other countries.
Timeframe for incorporation 15/20 working days. A complete set of company documents can be delivered in 7/8 weeks.
Takeover of management & secretarial services for an existing Netherlands CV companyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Netherlands.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesWe are happy to register new Netherlands CV companies in accordance with client instructions.
Price of Netherlands CV companyEUR 6,940 – basic price, including initial Due Diligence, preparation of foundation documents, opening of an account in Netherlands, incorporation costs, translation of the documents into English, legalisation of the documents by Apostille.
Payments for maintenance of company’s activities per year, including servicing of registered address, operation of bank account, services of local director, secretarial services, accounting services, Due Diligence procedures, are calculated separately, depending on actual amount of work involved in each particular case. Also, purchase of individual General Partner has to be paid separately.
At the end of financial year, additional fees must be paid for preparing of annual financial statement, which depends on complicity of the statement.
Cost of annual support servicesEUR 4,230 per year – basic price, including prolongation of registration and registered office costs for current year.
Payments for maintenance of company’s activities per year, as described above, are calculated separately.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • Registration of a CV company in the Netherlands provides the opportunity to operate a corporate instrument of a prestigious European country that may be exempt from taxation under certain conditions.
  • One General Partner may not be assigned to more than one CV. Accordingly, along with any CV company, the individual General Partner company must be acquired. This is normally a corporate entity from one of the classic offshore jurisdictions such as Belize or Panama.
  • It should also be noted that regulations in the Netherlands do not provide for the transfer of control to the company owner. All operations are carried out by a resident representative in the Netherlands, and he will perform regular control of the company’s operations. Normally, general powers of attorney are not issued.