July 16th 2009July 16th 2009

Mr. R. van den OutenaarMr. R. van den Outenaar

Trust Companies Trust Companies in the Netherlandsin the Netherlands

INTERNATIONAL BUSINESS CONFERENCEINTERNATIONAL BUSINESS CONFERENCE15-17 JULY 2009, TALLINN, ESTONIA15-17 JULY 2009, TALLINN, ESTONIA

AgendaAgenda

Introduction: why the Netherlands?

Trust Company: Provision of Services

Compliance: Dutch Central Bank

Legal Forms

Questions & discussion

IntroductionIntroduction

Introduction: why the Introduction: why the NetherlandsNetherlands

With globalization of international business and With globalization of international business and development of free trade, development of free trade,

corporate services industry and use of international finance corporate services industry and use of international finance and holding companies could develop in the Netherlands.and holding companies could develop in the Netherlands.

Provision of ServicesProvision of Services

ServicesServices

Dutch Trust Companies provide Dutch Trust Companies provide

corporate management and trust servicescorporate management and trust services

ServicesServices

Services provided include, but are not limited to the following:

2. Providing the registered office of the company

(domiciliation)

2. Acting as managing director (directorship)

5. Account management

6. Accounting & administration

1. Domiciliation

providing address shared office space dedicated office space

ServicesServices

1. Directorship

minimum of one director foreign directors possible A&B directors

ServicesServices

3. Account Management

maintaining corporate records organizing annual general meeting of shareholders handling day-to-day correspondence complying with the Dutch Central Bank requirements providing legal management and/or administrative services

ServicesServices

ServicesServices

1. Accounting & administration

recording financial transactions annual financial statements maintaining bank accounts & transactions invoicing liaise with customers & suppliers

ComplianceCompliance : : Dutch Central BankDutch Central Bank

All Trust Companies must be licensed under the Dutch Central Bank legislation since 2004 and are allowed to provide trust related services to

international clients

ComplianceCompliance

Legal FormsLegal Forms

Legal FormsLegal Forms

The legal forms generally used

for international tax planning are:

a) B.V.: besloten vennootschap

b) N.V.: naamloze vennootschap

c) Co-op: Co-operation

Legal FormsLegal Forms

a) B.V.: Besloten Vennootschap

• private limited liability company

• mainly privately owned

• used for smaller businesses or group holdings

• Shelf companies available for direct purchase

Legal FormsLegal Forms

b) N.V.: Naamloze Vennootschap

• public limited liability company

• mainly stocklisted, banking or insurance

• used for larger businesses or group holdings

Legal FormsLegal Forms

c) Co-op: Co-operation

• cooperative society

• at least 2 founding members

• standard characteristics of legal entity

• Co-op can act as holding company

• profit distribution tax free

Questions & discussionQuestions & discussion

Thank you for your attention

…. and hope to welcome you soon in the Netherlands!