THE ULTIMATE CORPORATE ADVENTURE (IV)
No minimum capital is required
Concepts like registered, subscribed and contributed capital do not occur in the Netherlands Antilles Corporate Act. Therefore, no minimum capital is required, unless such a requirement is included in the articles of association of an NV or BV. There can be voting shares, non-voting shares and shares with restricted voting rights. Shares can have a par value. If shares have a par value, this may differ per category of shares. Also, the par value can be expressed in one or more foreign currencies.
There are only two formal restrictions: the equity of the NV or BV may not be negative when establishing the company and one share with full voting rights that participates in the profit must be placed with the founder or a third party, or two shares, one of which has full voting rights and one that shares in the profit, as the case may be.
Possible types of shares are, among others, ordinary shares, preferred shares, cumulative preferred shares and priority shares.
Karel Frielink
Attorney (Lawyer) / Partner
