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Curaçao: Types of Company

Besloten Vennootschap (NABV)

The NABV, which was introduced alongside the New Fiscal Framework, has the following characteristics:

  • Unlike the NV, no ministerial Declaration of No Objection is required - incorporation is quick and relatively informal;
  • There are no minimum capital 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 participation rights;
  • Shares must be registered; bearer shares are not permitted; the BV must keep a share register;
  • The management arrangements are more similar to common law models than to the usual civil code structure;
  • The BV can be converted into an NV and vice versa, or the two may merge.

 

 

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