What's the difference between an NV and a BV? An NV issues registered shares, but also shares that can be freely traded on the stock exchange (issued in bearer form), whereas a BV can only issue registered shares transferable by a civil-law notary only.

BVs also no longer require a minimum share capital (€0.01), whereas NVs do (€45,000).

Setting up a public limited company

Virtually the same criteria apply to setting up a public limited company (NV) as to setting up a private limited company (BV). One difference is the initial minimum share capital required for an NV. This is set at €45,000.

Filing annual financial statements

Both BVs and NVs have to issue and file their annual reports and accounts with the Chamber of Commerce [Dutch: Kamer van Koophandel (KvK)]. The size and scale of your company determines exactly how this should be carried out.


The same rules apply to an NV concerning liability, tax, social security and continuity as apply to a BV. The same rules also apply to an 'NV in formation' [Dutch: NV in oprichting or NV io] as apply to a BV in formation.

The single-tier board

The regulatory role within a BV is often filled by a 'supervisory board' [Dutch: Raad van Commissarissen]. As of 01 January 2013, you can also opt for a single-tier board.


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