Karel’s Legal BlogLOOKING FOR AN ATTORNEY / LAWYER / TAX ADVISER IN THE NETHERLANDS ANTILLES OR ARUBA?
The amount of fees depends on the nature of the company
Expenses incurred on the incorporation of a Netherlands Antilles NV (public limited liability company) or BV (private limited liability company) will include the following:
- fee of the civil law notary
- costs of name searches
- registration fee chamber of commerce
- costs related to publishing the incorporation [...]
Filed under: legal by Karel.Frielink
No Comments »
The chamber maintains a commercial register
The Chamber of Commerce maintains a commercial register (‘handelsregister’) which is open to public inspection.
Upon the incorporation of a legal entity, in particular companies like the Netherlands Antilles NV and BV, the entity must be registered at the commercial register and an authentic copy of the notarial deed of incorporation [...]
Filed under: legal by Karel.Frielink
No Comments »
The nominal value may be expressed in different currencies
The Netherlands Antilles Guilder is the official currency of the Netherlands Antilles. In The Netherlands the Euro is the official currency as of 1 January 2002.
The nominal value, if any, of shares in the capital of a Netherlands Antilles company (NV or BV) may be expressed in [...]
Filed under: legal by Karel.Frielink
No Comments »
One share with full value must remain outstanding
A Netherlands Antilles company (NV or BV) may only acquire shares in its own capital from third parties as long as the net equity of the company is not negative and will not become negative as a result of such transaction. If the company has a nominal capital, [...]
Filed under: legal by Karel.Frielink
No Comments »
The Supreme Court in The Hague is the highest Dutch court
The court of first instance consists of judges who are a member of the Joint High Court of Justice. Each case is handled by one judge. Court sessions take place on Aruba, Curacao, Bonaire, St. Maarten, St. Eustatius and Saba.
There is also a Joint High [...]
Filed under: legal by Karel.Frielink
No Comments »
An excellent down-to-earth approach
On 3 November 2005, the Netherlands Antilles Bar Association launched its website: www.ordevanadvocaten.an.
Unfortunately, the website is in Dutch only. Information can be found on several subjects, e.g. a list of attorneys / lawyers, how to deal with complaints, legislation, job offers and tariffs.
Karel Frielink
Attorney (Lawyer) / Partner
Filed under: legal by Karel.Frielink
No Comments »
Legislation can derive from several levels of government
The Netherlands Antilles is part of the Kingdom of the Netherlands and consists of five islands: Curacao, Bonaire, St. Maarten, St. Eustatius and Saba. Both the Netherlands Antilles and the five island have legislative powers. The three constituent parts of the Kingdom - the Netherlands, Aruba and the [...]
Filed under: legal by Karel.Frielink
No Comments »
Banks have an obligation to exercise due care
In the Netherlands Antilles and Aruba, no separately defined body of law exists with regard to the relationship between a bank and its customer. The standard general terms and conditions applied by banks in the Netherlands Antilles and Aruba have an important function in the legal relationship between [...]
Filed under: legal by Karel.Frielink
No Comments »
Shot Gun, Piggy-Back, Carry-Along or Right of First Refusal
The right of first refusal means that a shareholder may sell all of his shares to a third party, provided he has first offered those shares to the other shareholders (on the same terms and conditions).
Carry-along (or drag-along) means that a minority shareholder is forced to sell [...]
Filed under: legal by Karel.Frielink
No Comments »
Offshore companies must have one local director or representative
In order to obtain and maintain the requisite exemption from foreign exchange control regulations, at least one managing director or one local representative of a Netherlands Antilles NV or BV must be resident in the Netherlands Antilles. Trust service providers in the Netherlands Antilles can provide such [...]
Filed under: legal by Karel.Frielink
No Comments »