Netherlands CV

[Marzio]

Hey,

lately i was interested in discovering more about Dutch Commanditaire Vennootschap.

I've read on Dutch government site that if all managing partners are foreign you will only have to file your annual accounts with the Netherlands Chamber of Commerce.

Does NL banks open accounts for a CV's ecommerce with foreign managing partners?

The advantages of using CV instead of LLP are:

- lower stripe commission for EU cards
- no PayPal conversion fees when withdrawing EUR

Does anyone have direct experience with CV's?

 

[Martin Everson]

marzio said:
I've read on Dutch government site that if all managing partners are foreign you will only have to file your annual accounts with the Netherlands Chamber of Commerce.
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Problem is the Dutch C.V will not be tax resident in Netherlands so you can work out the problem there. You would also not get any access to DTA's.

marzio said:
Does NL banks open accounts for a CV's ecommerce with foreign managing partners?
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I would be surprised if any did for non-residents but worth a try. I know my Swiss bank opened accounts for these entities but as of today probably not without a good reason.

marzio said:
Does anyone have direct experience with CV's?
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I don't. But Mossack Fonseca back in day offered my old company fact sheets on how to sell this to our clients if I can remember.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Sols]

marzio said:
Does NL banks open accounts for a CV's ecommerce with foreign managing partners?
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In general, no, they do not entertain applications where the majority of business or directors are located outside of Netherlands.

marzio said:
The advantages of using CV instead of LLP are:
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I assume you mean UK LLP? Cyprus has LLP which is similar (but not identical) to UK LLP. Might be worth looking into.

marzio said:
Does anyone have direct experience with CV's?
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Rarely come across CVs. The ones that come to mind have been parts in large, complex structures or locals. If we're only focusing on businesses run by or mostly by non-resident, most EU/EEA partnerships (LP, GP, LLP) I see since Brexit have been incorporated in Ireland, Malta, or Cyprus.

That's not to say CV couldn't work in your case. If you go down that path, would be interesting to hear more about how it goes.

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This is the probably the answer to your question.