HIGH DENOMINATION DISPENSATION FOR NETHERLANDS ANTILLES-BASED INVESTMENT FUNDS

The minimum amount must be at least US$ 50,000

Investment funds that offer their participating interests only or also to natural persons and/or legal entities considered by the Netherlands Antilles Central Bank to have comparable skills and competency as professional parties to form their own balanced opinion about the offer being made, may in individual cases be exempted.

In determining whether a fund qualifies for this exemption, the Central Bank particularly considers the target group to whom the fund’s participating interests are offered. This exemption, which is strictly spoken individual dispensation, is available only if the minimum initial subscription amount is at least US$ 50,000 (or its equivalent in another currency). It should be noted that the high denomination dispensation needs to be applied for with the Central Bank.

Karel Frielink
Attorney (Lawyer) / Partner