Opting for a Private limited liability company (BV) in the Netherlands will mean that the company will be considered a legal person under corporate law. Shares can be issued upon consensus, bound to registered persons and transferred transparently. Dividends can be issued to shareholders. Corporate tax will have to be paid over profits. Company structure will be in the form of a shareholders assembly, responsible for appointing a board of directors, with the option to have a board of trustees oversee the board of directors. Liability is for shares held only after successful foundation of the private limited liability company (BV). Only in case of gross negligence can the board of directors be held responsible.
To recap:

• Liability is for shares held only,
• A legal person under corporate law,
• Shares can be issued upon consensus and bound to registered persons,
• Corporate tax will have to be paid over profits,
• Board of directors.
• Requirements for setting up a private limited liability company (BV). The first step is to register the private limited liability company (BV) with the Chamber of Commerce. To meet the requirements for registering a BV with the Chamber of Commerce one must enlist the aid of a notary. The notary will help set up the deeds of incorporation and will investigate other issues such as the name of the company etc.

The following documents have to be submitted for application:

• Letter of ‘no objection’ from the Ministry of Justice,
• Deed of incorporation signed by notary,
• Proof of invested capital (minimum of EUR 18.000),
• Business plan.
  Source: www.hollandgateway.nl