RECORD KEEPING OBLIGATIONS OF DUTCH CARIBBEAN LIMITED LIABILITY COMPANIES
Records must be kept for 10 years
The board of managing directors of a Netherlands Antilles NV or BV must for administrative purposes keep a record of the financial condition and of everything relating to the activities of the NV or BV according to the requirements to which such activities give rise, and it must keep the books, documents and other data-carriers in respect thereof in such a manner that the rights and obligations of the company can be ascertained at any time.
The board of managing directors must keep the books, documents and other data-carriers for a period of 10 years. All data recorded on a data-carrier, except for the written balance sheet and statement of income and expenditure, may be transmitted to and kept on any other data-carrier, provided that the data are rendered correctly and completely when such transmission is made and these will be available during the entire period these must be kept and can be rendered legible within a reasonable time.
In the event the company has been wound up the books and documents of the dissolved company shall be kept for 10 years by the liquidator or the custodian appointed for such purpose by the court on the application of the liquidator.
Karel Frielink
Curacao-based Attorney (lawyer) / Partner
