As the title of this article states the Flex-BV act came in to force in the 2012, on October 1st to be exact. The act was made for easy incorporation of Dutch limited liability companies. Also offering more flexibility in the governance structure of the incorporated company.
The key changes to BV(limited liability) companies are:
- The minimum share capital now is one share at the minimum share value,
- The currency of the share capital must be in Euros,
- Changes for easier voting and ruling within the company,
The new act now applies to both old and new incorporated companies in the Netherlands. Making Amsterdam's metropolitan area a great place "true hot spot" for international companies.
More information on the Flex-BV act The changes that Flex BV that came in to action in the October 1st of year 2012. Firstly the change of the minimal shares capital. The minimal share capital was changed from 18 000 Euro to no longer required. The authorized share capital was changed from obligatory to only optional. And the rule that at least 20% of the authorized share capital was removed. There are many more changes that would probably take couple pages to describe, but the mentioned where the major changes, if you want more information on the rest of the changes I will link to an article with all of the changes that came in to force with the new act. (link)
While there are many changes that the flex-BV act brought to the company registration changes in the Netherlands the most important are the changes to the minimum share capital and the minimum authorized share capital. Also the authorized share capital is no longer obligatory and the time it takes to incorporate a new company in the Netherlands was reduced significantly to around 2 business days. The new minimal share capital is the minimum value of one share - 1 euro. New changes also came to the liquidity of a company, with the introduction on a new liquidity test. Another change was the introduction on the flexibility of the articles of association. Allowing for a wide variety of changes, that will provide new tailoring opportunities.
More information on the Flex-BV act The changes that Flex BV that came in to action in the October 1st of year 2012. Firstly the change of the minimal shares capital. The minimal share capital was changed from 18 000 Euro to no longer required. The authorized share capital was changed from obligatory to only optional. And the rule that at least 20% of the authorized share capital was removed. There are many more changes that would probably take couple pages to describe, but the mentioned where the major changes, if you want more information on the rest of the changes I will link to an article with all of the changes that came in to force with the new act. (link)
While there are many changes that the flex-BV act brought to the company registration changes in the Netherlands the most important are the changes to the minimum share capital and the minimum authorized share capital. Also the authorized share capital is no longer obligatory and the time it takes to incorporate a new company in the Netherlands was reduced significantly to around 2 business days. The new minimal share capital is the minimum value of one share - 1 euro. New changes also came to the liquidity of a company, with the introduction on a new liquidity test. Another change was the introduction on the flexibility of the articles of association. Allowing for a wide variety of changes, that will provide new tailoring opportunities.
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