DOCSLIB.ORG

Besloten Vennootschap Met Beperkte Aansprakelijkheid) Incorporated Under the Laws Ofthe Netherlands with Its Statutory Seat in Amsterdam)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Besloten Vennootschap Met Beperkte Aansprakelijkheid) Incorporated Under the Laws Ofthe Netherlands with Its Statutory Seat in Amsterdam) FINAL TERMS 21 September 2016 VCL MASTER NETHERLANDS B.V. a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws ofthe Netherlands with its statutory seat in Amsterdam) as Issuer for the issuance of the EUR 6,600,000 Class A Series 2016-6 Notes to be consolidated andform a single Series with the EUR 37,100,000 Class A Series 2016-6 Notes already outstanding) issued pursuant to the EUR 1, 000,000,000 Programme for the Issuance of Notes These Final Terns are issued to give details of an issue of Class A Notes by VCL Master Netherlands B. V. under the EUR 1, 000,000,000 programme for the issuance of Notes ( the " Programme"). The Final Terms attached to the Base Prospectus dated 26 May 2016 are presented in the form of a separate document containing only the final terms according to Article 26 para. 5 subpara. 2 of the Commission' s Regulation ( EC) No 809/ 2004 of 29 April 2004. The Base Prospectus and the Final Terms have been published on the website of the Luxembourg Stock Exchange ( www.bourse.lu). The Final Terms of the Series 2016- 6 Class A Notes must be read in conjunction with the Base Prospectus. Full information on the Issuer and the offer of the Series 2016-6 Class A Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus. Capitalised terms not otherwise defined herein shall have the meaning specified in the Conditions of the Class A Notes. All references in these Final Terms to numbered Conditions are to be read as reference to the respective Conditions of the Class A Notes. FRADMS # 1070966- v4 1. Issue Price: 100 percent. of the Nominal Amount 2. Further Issue Date ( Condition 8 ( a)): 26 September 2016 3. Class A Series Number: 2016- 6 Tranche Number: 2 4. Nominal amount: EUR 6,600,000 5. Aggregate Nominal Amount of Series 2016- 6 Class A Notes EUR 43, 700,000 including the Notes subject of these Final Terms): 6. Series 2016- 6 Class A Notes Interest Rate: EURIBOR rate for one month Euro deposits plus the Margin as set out in Condition 8 ( c) Series 2016- 6 Class A Notes Factor ( Condition 7 ( c)) shall be calculated as follows: 43, 700, 000- KR NF= ------------------------ 43, 700, 000 whereby NF means the Series 2016-6 Class A Notes Factor which is calculated to six decimal places KR means the total of all repayments of the nominal amount of all Series 2016-6 Class A Notes paid and contained respectively in each payment up to each respective Payment Date. The calculation of the Note Factor is described in the relevant definition. Amount on which interest is to be paid on the first Payment EUR 43, 700,000 Date (Condition 9 ( a)): 7. Margin ( Condition 8 ( c )): 0.70 per cent. per annum 8. First occurring Payment Date with respect to the Series 25 October 2016 2016- 6 Class A Notes: 9. Series 2016- 6 Revolving Period Expiration Date: Payment Date falling in May 2017 ( or as extended in accordance with Condition 9 ( c)) FRADMS # 1070966- v4 10. Series 2016-6 Class A Scheduled Repayment Date (Condition Payment Date falling in May 2023 ( or 9 ( c)): as extended in accordance with Condition 9 ( c) as a consequence of the extension of the Series 2016-6 Class A Revolving Period Expiration Date) 11. Series 2016-6 Class A Final Maturity Date (Condition 9 ( c)): 25 November 2024 ( or as extended in accordance with Condition 9 ( c) as a consequence of the extension of the Series 2016-6 Class A Revolving Period Expiration Date) 12. Settlement information: delivery free of payment 13. Intended to be held in a manner which would allow Yes. Note that the designation " yes" Eurosystem eligibility: simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper and registered in the name of a nominee of one of the ICSDs acting as common safekeeper, and does not necessarily mean that the Notes will be recognized as eligible collateral for Eurosystem monetary policy and intra day credit operations by the Eurosystem either upon issue or at any or all times during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met. 14. Clearing Codes: ISIN Code XS 1452378745 Common Code 145237874 15. Admission to trading and total expenses: Application has been made for the Series 2016- 6 Class A Notes subject of these Final Terms to be admitted to trading on the regulated market of the Luxembourg Stock Exchange with effect from 26 September 2016. The total expenses related to the admission to trading will amount to EUR 2,920. FRADMS # 1070966- v4 It WWWWWWWWWWWWwwwwww WWWWWWWWW WWWWW WW m9 WW WWW WWWWWWWWW WWWWW 0 ssib< OsmNgi nNnuaO WWWWWWWWW W. Www iNmmMmmMOmOmmOw. On o 3' SXXXa XT°XXXXXRXXX 0000 0o000' G C' o OoOo Pm9R'< KB e m3" 9amB WWW WWw ww.. WWWWWWW Mmmm. Me. eSm. M m Rt:a a° WRA Oggaga g g W W W Wgg W W 81G8881G88 gyoygyoy 44 W W ... Www.Www. E § N NNN NNNNNN G gemgm W W W W W WWWWWWWWWW 9«$ 9RN$9RN$ dd 84R84R R1R1 Y3Y3 ww oflofl oo g8maimg8maim WW WW WWWWWW WW 9$9$ e.e. 1919 ee NDNNDN gggg 00 gi$gi$ qq mSomSo BmPe tootoo aa W W W W W g g g e nOnO CCimCCim CjCj mrymdm rlrl rr FAFA 99 22E88 8$ g8 coo. 8888888888 Be RN4 m c A R5 Qp pp SS25X EES SS g9g9 a Asa FF U r§ 9r yE; , 99V" O:| R, lw 22® m§! r, , 2f&298 n;,: N k r n87'_ g8 wP«^ RS,'e8 A wRo ^.- rvry 8 WVWWWW 000000 000[ X' 4R 3P^« O 86& BR' 8SR18 P8G88 88'_ 8: wS1n8,ORR0. Rnmv C' RBmJ WWWWWWW WW re xa"sa18 smss RRess mssmssss 4 2; e3 nroNei ry WVWWWWWWYW W W W W W o&$ Ws A 93- mEwl sass-. 893'_ 818888 18 8198 RW 6'" RRm, W WWWWWWW. W W W W W W W. W W W W mR? tR R xxxxxx x x xxx oWo ` RR .- h818 18 N'_ 8 WWWW W W WW W Wwv ns.xxxsa xxx xxxxx x xxx e 00 h 9 a w HFir G 8. a1 ..... a ma- g g $ Al '. r o WWWWWWW WWWWWW WWWWWWW a.... WWBWWWWWWW mwo Wm Wm0m0- 00000 naa$ m«'. SR$ 9$ SRa.:aaa a6a6a$ 6 m8 - APV $ a a88Ca' ingoom WWWWl WWWWWWWWW VWWVW W. WWW.. WW W. WWWWWW sca' wv WWWWWWW WWW. WWWWWWWWWW W{ o„ mo8a$ aeoenWa. mmaeeo_ na8em__ mne_ r$ go n 8ffi$$ 6aaa8$ B' e o- SS8$ kffiaa66$$$ 6 $ 81Rsk$:. 8R6$ Yid gl. as„ ses a o mmgmo a s3 a W WWWWWRal. WW... Ww.. WWWWWW I' x m xex xex ee e x xxsxe hex exexxn 9.' M Y$ 6 R8R8$ R$ d: ffi26$ k' a: RR96$ ffi$ aRBa a8am6$ aeb ab m' en mnnm«. m' 6A ' o^ o ' hXm<:$ WWWWWW . WWW WW. W .. W WW eea& xexxaeeex eeSe. Mboa6me$e xexxxeeemex xexeemx m meeeabe oomo<^s9oaoaoP. om_ mm- e- eoeoaooe eemm o m:- eo V U' dad°N°' O@3' aO F g' aa aa< a000kl`a a'_a_a" y°E$ I6`' L a dD um` C d d mo c o o q p o y 0 0 uu o0 L L O O 6 O O F dp) Ud O O CqV ` CO ad M O u N nd bqC ZV These Final Terms comprise the final terms required to list and have admitted to trading the issue of Series 2016- 6 Class A Notes described herein ( as from 26 September 2016). VCL Master Netherlands B. V. lntertrust Management BV Troxy Hc;. der P.p. HaverKa np--Idema Proxyholder FRADMS-# 1070966- v4 10.
Load more

Recommended publications
  • Setting up and Maintaining a Joint Venture Company in the Netherlands 21 April 2017 About Noviotax Table of Contents
    Setting up and maintaining a joint venture company in the Netherlands 21 april 2017 About NovioTax Table of contents NovioTax is a Dutch research-based tax advisory firm, which members have 1. Introduction pag. 3 many years (20+) of experience in AAA advisory firms and have strong connections in the UK, US and Luxembourg. In our DNA we are a research based 2. The Dutch besloten vennootschap pag. 4 advisory firm that is programmed to excel in quality and service. 3. Exit scenarios pag. 5 Through research, we develop our intellectual capital. For instance, every 4. Structure example pag. 6 member of NovioTax is required to participate in research activities. We believe that through the use of research we will discover new ideas and opportunities that support our clients. We also strongly believe in a superior service. We are dedicated to invest in getting to know our clients, listening to them and enabling that our advices add value to clients. Our aim is to actively leverage our experience and knowledge for our clients as transparently and accessibly as possible. 2 Joint venture companies in the Netherlands There are several legal entities in the Netherlands that can be used to partake in a joint venture. Most commonly used is the Besloten Vennootschap (B.V.) since there is no minimum capital, limited liability, many subsidies and many more advantages. In light of this, the following presentation take note of basic information about setting up and maintaining a Dutch B.V. Joint venture companies in the Netherlands 3 The Dutch besloten vennootschap In this context it should be noted, though, that a lock-up, during which the transfer of shares is prohibited for a certain period of time, is possible.
    [Show full text]
  • Corporate Governance 2020
    Corporate Governance 2020 A practical cross-border insight into corporate governance law 13th Edition Featuring contributions from: Advokatfirmaet BAHR AS Hannes Snellman Attorneys Ltd Olivera Abogados / IEEM Business School Al Hashmi Law Herbert Smith Freehills Pinsent Masons LLP Arthur Cox Houthoff Schoenherr Rechtsanwälte GmbH Baker McKenzie Lacourte Raquin Tatar SZA Schilling, Zutt & Anschütz Rechtsanwaltsgesellschaft mbH Bowmans Law Firm Neffat Tian Yuan Law Firm Cravath, Swaine & Moore LLP Lenz & Staehelin Uría Menéndez Creel Abogados, S.C. Macfarlanes LLP Wachtell, Lipton, Rosen & Katz Cyril Amarchand Mangaldas Mannheimer Swartling Advokatbyrå Walalangi & Partners (in association with Davis Polk & Wardwell LLP Marsh & McLennan Companies Nishimura & Asahi) Ferraiuoli LLC Nielsen Nørager Law Firm LLP Wolf Theiss GSK Stockmann Nishimura & Asahi Zunarelli – Studio Legale Associato Table of Contents Expert Chapters Dual-Class Share Structures in the United States 1 George F. Schoen & Keith Hallam, Cravath, Swaine & Moore LLP Legal Liability for ESG Disclosures – Investor Pressure, State of Play and Practical Recommendations 11 Katherine J. Brennan & Connor Kuratek, Marsh & McLennan Companies Joseph A. Hall & Betty Moy Huber, Davis Polk & Wardwell LLP Corporate Governance for Subsidiaries and Within Groups 17 Martin Webster & Tom Proverbs-Garbett, Pinsent Masons LLP Global Transparency Trends and Beneficial Ownership Disclosure 22 Nancy Hamzo, Bonnie Tsui, Olivia Lysenko & Paula Sarti, Baker McKenzie Q&A Chapters Australia Mexico 28 Herbert
    [Show full text]
  • ANNEXES 1 to 2
    EUROPEAN COMMISSION Brussels, 25.10.2016 COM(2016) 683 final ANNEXES 1 to 2 ANNEXES to the Proposal for a Council Directive on a Common Consolidated Corporate Tax Base (CCCTB) {SWD(2016) 341 final} {SWD(2016) 342 final} EN EN ANNEX I (a) The European company or Societas Europaea (SE), as established in Council Regulation (EC) No 2157/2001 1 and Council Directive 2001/86/EC 2; (b) The European Cooperative Society (SCE), as established in Council Regulation (EC) No 1435/2003 3 and Council Directive 2003/72/EC 4; (c) companies under Belgian law known as “naamloze vennootschap"/“société anonyme”, “commanditaire vennootschap op aandelen”/“société en commandite par actions”, “besloten vennootschap met beperkte aansprakelijkheid”/“société privée à responsabilité limitée”, “coöperatieve vennootschap met beperkte aansprakelijkheid”/“société coopérative à responsabilité limitée”, “coöperatieve vennootschap met onbeperkte aansprakelijkheid”/“société coopérative à responsabilité illimitée”, “vennootschap onder firma”/“société en nom collectif”, “gewone commanditaire vennootschap”/“société en commandite simple”, public undertakings which have adopted one of the abovementioned legal forms, and other companies constituted under Belgian law subject to the Belgian Corporate Tax; (d) companies under Bulgarian law known as: “събирателното дружество”, “командитното дружество”, “дружеството с ограничена отговорност”, “акционерното дружество”, “командитното дружество с акции”, “кооперации”,“кооперативни съюзи”, “държавни предприятия” constituted under Bulgarian
    [Show full text]
  • Members' Agreement
    MEMBERS’ AGREEMENT in relation to the International Licensing Platform MEMBERS’ AGREEMENT This Agreement is between: 1. AGRISEMEN B.V., a private company with limited liability incorporated under the laws of the Netherlands (besloten vennootschap met beperkte aansprakelijkheid), having its official seat (statutaire zetel) in Ellewoutsdijk, the Netherlands, and its office at Zeedijk 4, 4454 PM Borssele, the Netherlands, registered with the Dutch Trade Register of the Chamber of Commerce under number 22047292; 2. Nunhems B.V., a private company with limited liability incorporated under the laws of the Netherlands (besloten vennootschap met beperkte aansprakelijkheid), having its official seat (statutaire zetel) in Haelen, the Netherlands, and its office at Napoleonsweg 152, 6083 AB Nunhem, the Netherlands, registered with the Dutch Trade Register of the Chamber of Commerce under number 13002516; 3. Bejo Finance B.V., a private company with limited liability incorporated under the laws of the Netherlands (besloten vennootschap met beperkte aansprakelijkheid), having its official seat (statutaire zetel) in Warmenhuizen, the Netherlands, and its office at Trambaan 1, 1749 CZ Warmenhuizen, the Netherlands, registered with the Dutch Trade Register of the Chamber of Commerce under number 37083070; 4. Enza Zaden Beheer B.V., a private company with limited liability incorporated under the laws of the Netherlands (besloten vennootschap met beperkte aansprakelijkheid), having its official seat (statutaire zetel) in Enkhuizen, the Netherlands, and
    [Show full text]
  • Commonly Used International Entity Types
    Commonly Used International Entity Types COUNTRY/REGION ENTITY STRUCTURE BASIC FORMATION REQUIREMENTS Minimum Registered Corporate Secretary Minimum # of Minimum # of Directors Legal Liability ASIA-PACIFIC Capital Address Shareholders/Partners Australia Public Company (Limited or Ltd.) AUD 0 Required One Unlimited Three. At least 2 must be Limited to the amount local residents subscribed for shares Private or Proprietary Company AUD 0 Required Not required 1-50 One. At least 1 must be Limited to the amount (Pty. Ltd. or Proprietary Limited) local resident subscribed for shares China Limited Liability Company CNY 0 Required Not required. But a 1-50 Board of directors or a Limited to the amount local representative single executive director subscribed for shares may be required. Company Limited by Shares CNY 0 Required Not required 2-200 Board of directors Limited to the amount required subscribed for shares Partnership CNY 0 Required Not required 2-50 Partner managed Not a separate legal entity from its parent Hong Kong Limited Private Company HKD 0 Required Required, must be local 1-50 Board of directors Limited to the amount resident or company required subscribed for shares India Private Limited Company (Pvt Ltd) INR 0 Required Required if initial 2-200 Two. At least 1 must be Limited to the amount capital investment local resident subscribed for shares exceeds INR100 million Limited Liability Partnership (LLP) INR 0 Required N/A Two. At least 1 must be Partner managed Limited to the amount local resident subscribed for shares Japan General Corporation (Kabushiki JPY 1 Required Not required Unlimited One Limited to the amount Kaisha) subscribed for shares Limited Liability Company (Godo- JPY 1 Required Not required Unlimited Managed by managing Limited to the amount Kaisha) members subscribed for shares Singapore Private Limited Company (Private $1 in any Required Required and must be 1-50 One.
    [Show full text]
  • Netherlands Besloten Vennootschap – Flex-BV
    Netherlands Besloten Vennootschap – Flex-BV General Type of entity BV Type of law Civil Shelf company availability No Our time to establish a new company 4 - 6 weeks Minimum government fees (excluding taxation) Nil 20% for taxable income up to €200,000 Corporate Taxation 25% above €200,000 Double taxation treaty access Yes Share Capital or Equivalent Standard currency Euro Permitted currencies Any Minimum paid up Euro 0.1 Usual authorised Optional Directors Minimum number One Local required No Publicly accessible records Yes Location of meetings Anywhere Shareholders Minimum number One Publicly accessible records Yes for single member, otherwise No. Location of meetings Netherlands Company Secretary Required No Local or qualified No Accounts Requirement to prepare Yes Audit requirements Yes Requirement to file accounts Yes Excerpts for small companies, full details for large Publicly accessible accounts companies Other Requirement to file annual return Yes Change in domicile permitted No [130123] 2 GENERAL INFORMATION Introduction The Netherlands, generally known as Holland, is situated at the estuaries of the Rhine and the Mass and is bordered by Germany in the East and Belgium in the South. The country is small and just 37,000 square Kilometres with almost all of the coastal areas below sea-level, the highest point only being 320 meters above sea level. The capital of the Netherlands is Amsterdam. The Hague is the seat of the Dutch Government. Rotterdam is the largest port in the world. Population The population of the Netherlands is approximately 16 million, with the majority of these living in the west of the country.
    [Show full text]
  • Report on the Netherlands 
    This report provides helpful information on the current business environment in the Netherlands. It is designed to assist companies in doing business and establishing effective banking arrangements. This is one of a series of reports on countries around the world. ARCTIC N OCEA Global Banking Service Arctic Circle Tropic of Cancer C PACIFI N OCEA ATLANTIC ator Equ Report on the INDIAN C Tropic of Cancer ACIFI P N OCEA orn Capric of Tropic N Equ ator r OCEA Equato N OCEA T ropic of Ca pric n orn Capricor Tropic of Netherlands Antarctic Circle Contents Important to Know 2 Types of Business Structure 2 Opening and Operating Bank Accounts 3 Payment and Collection Instruments 4 Central Bank Reporting 5 Exchange Arrangements and Controls 5 Cash and Liquidity Management 5 Taxation 6 Report on the Netherlands 2 Types of Business Structure Important to Know Under Dutch law, there are several business structures available. Some require Official language a minimum amount of share capital to be paid up before the business can be established. A financial institution must hold the paid share capital in a restricted > Dutch account until the business is legally established. Currency Public limited liability company > Euro (EUR) NV (Naamloze Vennootschap). This is a company whose shares are not registered to Bank holidays their owners and are tradable on a public stock market. This requires a minimum paid 2010 up share capital of EUR 45,000. January 1 Private limited liability company April 2, 5, 30 BV (Besloten Vennootschap). This is a company whose shares are registered to their owners and therefore are not publicly tradable.
    [Show full text]
  • Lijst Gekwalificeerde Buitenlandse Samenwerkingsverbanden
    Taal: Nederlands Lijst Gekwalificeerde buitenlandse samenwerkings­ verbanden vraag a Juridisch eigendom vraag B Beperkte aansprakelijkheid vraag C Aandelen vraag D Toestemmingsvereiste Land (en staat) Naam samenwerkingsverband Afkorting A B C D Conclusie Argentinië Sociedad de Responsabilidad Limitada SRL ja ja ja ja niet-transparant Aruba Arubaanse Vrijgestelde Vennootschap AVV ja ja ja ja niet-transparant Australië Partnership nee nee nee ja transparant Australië Proprietary Company Limited by Shares Pty.Ltd. ja ja ja ja niet-transparant Azerbeidzjan M∂hdud M∂suliyy∂tli C∂miyy∂t MMC ja ja ja - niet-transparant Bahrein Single Person Company SPC ja ja ja - niet-transparant België Besloten Vennootschap met Beperkte Aansprakelijkheid BVBA/SPRL ja ja ja ja niet-transparant België Burgerlijke Maatschap zonder Rechtspersoonlijkheid nee nee nee ja transparant België Burgerlijke Vennootschap zonder Rechtspersoonlijkheid nee nee nee ja transparant België Commanditaire Vennootschap Comm.V/SCS ja nee nee - CV-achtige België Commanditaire Vennootschap op Aandelen Comm.VA/SCA ja nee ja - niet-transparant België Coöperatieve Vennootschap met Beperkte CVBA/SCRL ja ja ja ja niet-transparant Aansprakelijkheid België Coöperatieve Vennootschap met Onbeperkte CVOA/SCRI ja nee ja ja niet-transparant Aansprakelijkheid België Landbouwvennootschap LV ja nee ja nee niet-transparant België Naamloze Vennootschap NV/SA ja ja ja - niet-transparant België Vennootschap onder Firma VOF/SNC ja nee nee - transparant Belize Society Anonyme/Sociedad Anonima SA ja ja ja ja niet-transparant Bermuda Limited Partnership LP ja nee nee - CV-achtige Brazilië Limitada Ltda ja ja ja - niet-transparant Brazilië Sociedade em Nome Coletivo SNC ja nee nee - transparant Britse Maagdeneilanden Company Limited by Shares Ltd.
    [Show full text]
  • Form 8937 – IMTX
    Jul 31, 2020 Thomas Ulmer (Jul 31, 2020 14:53 GMT+2) Attachment to Form 8937 (Report of Organizational Actions Affecting Basis of Securities) DISCLAIMER: The information contained herein does not constitute tax advice and does not purport to be complete or describe the consequences that may apply to particular categories of shareholders, including those U.S. shareholders who are five-percent transferee shareholders (as defined in Treasury Reg. Section 1.367(a)-3(c)(5)(ii)). Each holder is urged to consult his, her or its own tax advisor regarding the consequences of the transactions described herein, including the impact on tax basis resulting therefrom as well as the application and effect of any state, local, or other tax laws). The Form 8937 and this attachment pertain solely to former U.S. shareholders of Immatics Biotechnologies GmbH (“Immatics”) who participated in the Exchange (defined below). The Exchange was part of a series of transactions in the Business Combination (defined below), as described in the Form F-4, Registration Statement, as amended by Forms F-4/A (collectively, the “Form F-4”), filed by Immatics B.V. (“TopCo”) with the Securities and Exchange Commission on April 16, 2020 (most recently amended on June 10, 2020). Part II, Box 14: Describe the organizational action and, if applicable, the date of the action or the date against which shareholders' ownership is measured for the action. On July 1, 2020 (“Closing Date”), participating shareholders of Immatics, a German limited liability company classified as a corporation for U.S. federal income tax purposes, exchanged their ordinary shares in Immatics for ordinary shares in TopCo, a Dutch private limited liability company classified as a corporation for U.S.
    [Show full text]
  • The Belgian Company Law Reform Is on Its Way – Update
    CLIENT MEMORANDUM The Belgian Company Law Reform Is on Its Way – Update February 2, 2017 AUTHORS Xavier Dieux | Didier Willermain | Zoé Janssen Under the current government, an extensive legislative reform of the Belgian company law has been launched. In December 2016, Koen Geens, Belgian Minister of Justice, published an overview and update of the proposed legislative reform, in which the key points of such reform are outlined. This reform of company law is part of a broader modernization of Belgian fundamental legislation, such as the civil code and the penal code. Main objectives of the proposed reform of company law This reform aims to make Belgian company law more modern, straightforward and coherent to make Belgium a more attractive place of incorporation for national and foreign companies and associations, as well as for investments. Indeed, the Belgian company law has not undergone substantive reform since the introduction of the Companies Code in 1999, and even then, it was more of a restatement work than an actual reform. Furthermore, since 1999, more than 50 modifications, substantial or not, have been made to the Companies Code, of which around 25% were EU requirements. In addition, the Court of Justice of the European Union (CJUE) case law on the cross-border transfer of the company seat allows a company to select the Member State in which it wants to be incorporated (even if different from the company’s main place of business) and, under certain conditions, to transfer its centre of administration from the Member State in which it is incorporated to another while continuing to be ruled by the law of its place of incorporation.
    [Show full text]
  • Netherlands Subsidiary
    Netherlands Subsidiary The most difficult, time-consuming, and expensive part of expanding your company is establishing a subsidiary. Depending on the country and its laws, you could spend months trying to incorporate before you can even hire employees. Instead, Globalization Partners can take the stress out of the Netherlands subsidiary setup process. As the Employer of Record, we can hire employees under our established subsidiary that work for you. Instead of the months it would take to get to work, we’ll help you start in a few days. How to Set up a Netherlands Subsidiary You have several factors to consider before you decide on expanding to the Netherlands. Start by determining your industry and the type of business you will operate. Then look at any trade agreements or relationships that could grow stronger with a move to the Netherlands. These relationships could impact which of the 12 provinces you choose for your headquarters. Although the Netherlands has relatively unified regulations, there may be small differences based on your specific region. Although the country recognizes English as one of the official languages, the official national language is Dutch. You will also encounter other regional languages such as Frisian wherever you’re located. Consider which you’ll need to know to do business in a specific province and whether you need to hire a translator or staff members who speak these different dialects. You’ll also need to consider several Netherlands subsidiary laws that could impact employees. While it’s easy for European Union (EU) members to move between the Netherlands and other member states, non-EU or EEA citizens will need a residence permit (MVV) or a work permit (TWV).
    [Show full text]
  • Parent Subsidiary Directive
    13.1.2004 EN Official Journal of the European Union L 7/41 COUNCIL DIRECTIVE 2003/123/EC of 22 December 2003 amending Directive 90/435/EEC on the common system of taxation applicable in the case of parent companies and subsidiaries of different Member States THE COUNCIL OF THE EUROPEAN UNION, (5) On 8 October 2001 the Council adopted Regulation (EC) No 2157/2001 on the Statute for a European Company (SE) (4) and Directive 2001/86/EC supple- menting the Statute for a European company with Having regard to the Treaty establishing the European Com- regard to the involvement of employees (5). Similarly, on munity, and in particular Article 94 thereof, 22 July 2003 the Council adopted Regulation (EC) No 1435/2003 on the Statute for a European Cooperative Society (SCE) (6) and Directive 2003/72/EC supple- Having regard to the proposal from the Commission, menting the Statute for a European Cooperative Society with regard to the involvement of employees (7). Since the SE is a public limited-liability company and since the 1 SCE is a cooperative society, both similar in nature to Having regard to the opinion of the European Parliament ( ), other forms of company already covered by Directive 90/435/EEC, the SE and the SCE should be added to the list set out in the Annex to Directive 90/435/EEC. Having regard to the opinion of the European Economic and Social Committee (2), (6) The new entities to be included in the list are corporate taxpayers in their Member State of residence but some Whereas: are considered on the basis of their legal characteristics to be transparent for tax purposes by other Member States.
    [Show full text]