GENERAL EXEMPTIONS FOR FOREIGN INVESTMENT INSTITUTIONS UNDER NETHERLANDS ANTILLES LAW
Several general exemptions are available
The National Ordinance on the Supervision of Investment Institutions and Administrators 2002 provides for a general exemption for investment institutions for which participating interests are solicited or obtained from “professional parties” only.
Another general exemption is the so-called high denomination dispensation. 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.
If a general exemption applies, no further stipulations under or pursuant to the Ordinance apply to the investment institution in question.
Karel Frielink
Attorney (Lawyer) / Partner
