On 12 June 2012 the Senate adopted the bill regarding the Flex
BV. This bill makes it easier to incorporate a BV (a Dutch private
company) and to restructure groups of companies. In addition, the
requirements for existing BVs will be relaxed in several respects,
partly automatically, partly through amendment of the articles of
association. The most important changes are:
- The minimum capital of €18,000 will be abolished. In
the event of incorporation it is no longer required to produce a
bank statement, or, in the event of a non-cash contribution, to
produce an auditor's report. Other provisions regarding capital
maintenance will also lapse. This relaxation will have a
cost-decreasing effect on the incorporation and restructuring of
BVs.
