DECLARING DIVIDENDS IN THE DUTCH CARIBBEAN

Resolutions only marginally examined by the court

Directly connected to the approval of annual accounts, the general meeting of the NV (or BV, as the case may be) or any other body designated in the articles of incorporation, shall resolve the distribution or reservation of profits according to aforementioned annual accounts and the payment of any other distributions flowing from the equity capital as apparent from the annual accounts. The general meeting, or any other body designated in the articles, may resolve to pay interim distributions for the account of the current financial year or for the account of a …
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20
Sep 2008
CATEGORY

Corporate

COMMENTS No Comments

KEEPING, MAINTAINING AND RETAINING RECORDS FOR TAX PURPOSES IN THE DUTCH CARIBBEAN

Records must be kept for 10 years

Pursuant to article 43 of the Netherlands Antilles State Ordinance on National Taxes (Algemene Landsverordening Landsbelastingen, “GONT”) an entity is obliged to keep the records (‘administratie’) of its assets and liabilities that clearly show the rights and obligations at all times and that provide the data relevant to the levying of taxes. These records and the associated data carriers must be kept for a period of 10 years. The GONT does not define what “records” are. The word records is therefore a grey area. 

It is important to know that these obligations are …
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16
Sep 2008
CATEGORY

Legal

COMMENTS No Comments

CURACAO RECEIVES TOP RANKING IN HEDGE FUND ADMINISTRATION SURVEY

Curacao is again ranked #1

According to the 2008 Global Custodian Hedge Fund Administration Survey, Curacao (Dutch Caribbean) is the # 1 location for hedge fund administration services. Curacao outperformed Singapore, Dublin, Toronto, Hong Kong, Luxembourg, Amsterdam and the Cayman Islands, to name just a few.

Curacao is known for its excellent legal and tax infrastructure, high quality of services and reliability. For further info on hedge funds and Curacao’s professional environment: click here.

Karel Frielink Curacao-based Attorney (lawyer) / Partner

 

28
Aug 2008
CATEGORY

Finance

COMMENTS No Comments