QUALIFICATIONS REGARDING DIRECTORS OF A NETHERLANDS ANTILLES COMPANY
Offshore companies must have one local director or representative
In order to obtain and maintain the requisite exemption from foreign exchange control regulations, at least one managing director or one local representative of a Netherlands Antilles NV or BV must be resident in the Netherlands Antilles. Trust service providers in the Netherlands Antilles can provide such services.
Other than that said requirement there are no qualifications in order to be able to be appointed as managing director. Managing directors do not need to be a shareholder of the NV or BV.
Karel Frielink
Attorney (Lawyer) / Partner
07
Nov
2005
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PREVIOUS POSTLIABILITY OF THE EMPLOYER FOR ACTS OF AN EMPLOYEE UNDER THE LAWS OF ARUBA AND THE NETHERLANDS ANTILLES
