ACQUISITION OF SHARES BY A NETHERLANDS ANTILLES COMPANY
One share with full value must remain outstanding
A Netherlands Antilles company (NV or BV) may only acquire shares in its own capital from third parties as long as the net equity of the company is not negative and will not become negative as a result of such transaction. If the company has a nominal capital, the amount thereof is the minimum threshold in this respect.
Acquiring own shares for no consideration is allowed, provided that at least one share with “full value” remains outstanding. “Full value” means that 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.
Karel Frielink
Attorney (Lawyer) / Partner
