Besloten vennootschap met beperkte aansprakelijkheid
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Besloten vennootschap met beperkte aansprakelijkheid (Dutch pronunciation: [bəˈsloːtə(n) ˈvɛnoːtsxɑp mɛd bəˈpɛrktə ʔaːnˈspraːkələkɦɛit]; usually abbreviated BV, B.V., or bv[a]), or Société Privée à Responsabilité Limitée (SPRL), is the Dutch and Belgian version of a private limited liability company. The company is owned by shareholders, and the company's shares are privately registered and not freely transferable. The phrase means "secluded partnership" or private company with limited liability and it is the most common form of limited company in the Netherlands and Belgium.
A Dutch BV may be created by one or more individuals or legal entities, Dutch or foreign, with a minimum paid in capital of €0,01. A deed of incorporation is executed and filed. The deed must be in Dutch. It must contain details of the incorporators, and of the initial Members of the Board, their amounts of participation and payments of initial capital. The deed also contains the Articles of Association, consisting of at least:
- the company name (which must begin or end with "B.V.")
- the city where the company has its registered seat
- the purpose of the company
- the issued share capital and paid-in capital
- the par value(s) of stock
- the conditions for share transfer
The authorized capital is the maximum capital that may subsequently be issued without altering the Articles of Association; it may be up to a maximum of five times the initial capital. Unlike its UK equivalent, a private company limited by shares, a BV company is not required to make its company accounts publicly available.
Contrast with the publicly traded form of company: Naamloze Vennootschap.
- Types of business entity
- AB (Aktiebolag, the corresponding concept in Sweden)
- ApS (Anpartsselskab, the corresponding concept in Denmark)
- Co., Ltd./YK and GK (Yūgen gaisha and Gōdō gaisha, the corresponding concept in Japan)
- GmbH (Gesellschaft mit beschränkter Haftung, the corresponding concept in Germany and Austria)
- LLC (the corresponding concept in the United States.)
- Ltd. (Limited, the corresponding concept in the UK, Ireland and Kenya)
- OY (Osakeyhtiö, the corresponding concept in Finland)
- Pty. Ltd. (proprietary company, the corresponding concept in Australia and South Africa)
- SARL (Société à responsabilité limitée, the corresponding concept in France, Morocco, Switzerland and Luxembourg)
- S.R.L. (Sociedad de responsabilidad limitada, the corresponding concept in Argentina)
- BVBA or bvba in Belgium until 1 May 2019
- met in isolation: [mɛt].
- Morgan, John (17 April 2014)."Private college goes Dutch but says profits are taxed in UK". Times Higher Education. Retrieved 5 May 2016.
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