Effective tax rate of 1.725%
From one of the weblog’s visitors I received this question: Is it possible to structure the revenue of a global company such that all money goes through a tax friendly environment (such as the Netherlands Antilles), prior to being distributed to the respective national corporations?
Curaçao certainly offers attractive possibilities for intermediate […]
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How management can protect the corporation’s interests
According to the Dutch Economy Minister Joop Wijn, “Investment companies buy out a business, only to strip it bare like a plague of locusts“. He is referring to so-called hedge-funds who acquire enough shares in corporations to enable them to put some pressure on the management to sell whole […]
Filed under: legal by Karel.Frielink
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A prospectus may not be misleading
A closed-end investment fund is a fund that does not redeem its own shares. A semi open-end or semi closed-end fund may redeem shares, yet it is not obliged to do so or does not do so unrestrictedly. A so-called open-end investment fund is obliged under the conditions set thereto […]
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Top-notch lawyer opts for a remarkable new challenge
Former Advocate-General of the Netherlands Antilles, former Dean of the Netherlands Antilles Bar Association, former member of the Governing Board of the Chamber of Commerce and Industry Frank Promes has joined Spigthoff Attorneys & Tax Advisers (Netherlands Antilles).
Frank Promes earned his law degree from Free University (Amsterdam) in […]
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Claim of post-bankruptcy creditor denied
The case: Instead of waiting for final judgments in several validation proceedings, the trustees in bankruptcy entered in a settlement agreement with several creditors. In case the agreement is left out of consideration, the winding up of the bankrupt estate will result in a surplus of some millions of guilders. All […]
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The trustee must also look after the bankrupt’s legitimate interests
In general, the main function of the bankruptcy trustee is to realize and distribute the assets of the bankrupt person or company. The aim is to enable the creditors of the bankrupt estate to receive as large a share of the proceeds of the assets as […]
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The more you invest yourself, the easier you get financing
If you have plenty of assets, you just walk into a bank and ask them to lend you the money you need (debt financing). As long as these assets are marketable, getting the loan won’t be too difficult. However, there are alternatives, e.g. private investors or investment […]
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No specific restrictions
For Netherlands Antilles tax purposes and according to the General Ordinance on National Taxes (this law contains general rules applicable to the income tax, wage tax, profit tax, ship registration tax, conveyance tax, inheritance and transfer tax, ground tax, turnover tax (SXM) and sales tax) there are some statutory requirements for keeping documents […]
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Customer data must be kept confidential
Bank secrecy rules protect the confidentiality of customer data. Customer data is any information relating to an identified or identifiable customer. Bank secrecy rules apply to all information relating to any banks business or information which the bank obtains in the course of business or contractual relationship.
Netherlands Antilles civil law […]
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Liability of directors could be an issue
Can directors of a company be held liable for inappropriate or fraudulent bookkeeping without being involved in this themselves and without having any knowledge about this? The reasoning would then be, that such directors have committed a tort towards those who have incurred damages by relying upon the company’s […]
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