Naamloze vennootschap

Naamloze vennootschap (Dutch pronunciation: [ˈnaːmloːzə ˈvɛnoːtsxɑp]; correctly abbreviated nv, however, often abbreviated N.V. or NV) is a type of public company defined by business law in the Netherlands, Belgium, Indonesia, and Suriname.[1] The company is owned by shareholders, and the company's shares are not registered to certain owners, so that they may be traded on the public stock market.

The phrase literally means "nameless partnership" or "anonymous venture" and comes from the fact that the partners (the shareholders) are not directly known. This is in contrast to the term for a private limited company, which is called besloten vennootschap (an "exclusive" or "closed partnership", one in which stock is not for sale on open markets).

Each naamloze vennootschap is a legal entity in the Netherlands, Belgium, Aruba, Curaçao, Suriname, St. Maarten, and Indonesia, although in Indonesia the Indonesian translation Perseroan Terbatas (PT) is more commonly used.

See also

  • AB (Aktiebolag) – the corresponding concept in Sweden and Finland
  • AG (Aktiengesellschaft) – the corresponding concept in Germany, Austria, and Switzerland
  • (Aktieselskab) – the corresponding concept in Denmark
  • AS (Aksjeselskap) – the corresponding concept in Norway
  • Inc (Incorporated) – the corresponding concept in US
  • Ltd (Limited, The corresponding concept in Commonwealth countries such as India and other countries which is for public companies just Ltd or private companies with Pvt Ltd or Pte Ltd in Singapore.)
  • Osakeyhtiö (the corresponding concept in Finland)
  • Plc (the corresponding concept in the UK and Ireland)
  • S.A. (the corresponding concept in Latin America, Portugal, France, Spain, and other Romanic countries, also in Poland and Belgium)
  • SE (Societas Europaea) – additional legal structure of a company available in the European Union
  • S.p.A (the corresponding concept in Italy—Società per Azioni)
  • Types of companies


  1. ^ Ulinich, Anya (2014-06-27). "N.V. (NV or Naamloze Vennootschap) Definition | Investopedia". Retrieved 2016-08-22.
AFC Ajax N.V.

AFC Ajax NV is mostly known as a football club. Since 17 May 1998 the club is registered as a Naamloze Vennootschap (N.V.) listed on the stock exchange Euronext Amsterdam. As a company the club strives to make a profit through ticket sales, as well as through income accumulated by competing in National, Continental as well as Global football. Half of the revenue is generated through club merchandise, advertising, and income from selling broadcasting rights.Ajax is the only Dutch club with an initial public offering (IPO). Outside the Netherlands in countries such as the UK, Germany, Italy or Turkey there are more football clubs with IPOs, including the most successful of them all, Manchester United, who are accredited with advising Ajax Amsterdam to enter the stock market. Several members of Ajax Board of Commissioners have a financial background in trade. For example, former treasurer of the club Arie van Os was a famous stockbroker from Amsterdam, who had worked for Van der Moolen.Only a limited amount of the shares in AFC Ajax NV are publicly traded on the Stock Market. The "Vereniging AFC Ajax" (English: AFC Ajax Association) retain 73% of the shares. The following majority share holders are Insurance company Delta Lloyd Group with 9.95%, followed by former stockbroker Adri Strating with 8.65%.


Aegon or AEGON may refer to:

Aegon N.V., a multinational life insurance, pensions and asset management company based in the NetherlandsAegon UK, its Scottish subsidiary

Aegon Life Insurance CompanySeveral fictional characters in George R.R. Martin's A Song of Ice and Fire novels; see Aegon Targaryen


Aktiengesellschaft (German pronunciation: [ˈaktsi̯ənɡəˌzɛlʃaft]; abbreviated AG, pronounced [aːˈgeː]) is a German word for a corporation limited by share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland, and South Tyrol for companies incorporated there. It is also used in Luxembourg (as Aktiëgesellschaft), although the equivalent French language term société anonyme is more common. In the United Kingdom and the United States, the equivalent terms are "PLC" and "incorporated", respectively (though note for the British term only a minority of public limited companies have their shares listed on stock exchanges).


Aktieselskab (pronounced [ˈakɕəsɛlˌskæːˀp]; abbr.: ⅍, A/S or a/s, Unicode U+214d ⅍; literally meaning: "stock company") is the Danish name for a stock-based corporation. An aktieselskab may be either publicly traded or private.


Allmennaksjeselskap (literally "public stock company"), or ASA, is the Norwegian term for a public limited company. "ASA" or "asa" is added to the company name of all Norwegian companies registered as Allmennaksjeselskap.

The ASA differentiates from the Aksjeselskap, or AS, in that it has rules regulating its ownership. There cannot be any rules limiting the company's ownership to certain interests, and an ASA must offer a public tender to purchase stock, either new stock or from existing owners if the company is converted from an AS. Norwegian companies, both those listed on a stock exchange and banks, must be ASAs (banks, however, are exempt from certain regulation including ownership regulation). An ASA is required to have a capital of NOK 1 million; a board with at least 40% of its members from each gender as well as an auditor.

Besloten vennootschap met beperkte aansprakelijkheid

Besloten vennootschap met beperkte aansprakelijkheid (Dutch pronunciation: [bəˈsloːtə(n) ˈvɛnoːtsxɑp mɛd bəˈpɛrktə ʔaːnˈspraːkələkɦɛit]; usually abbreviated BV or bv in the Netherlands, and BVBA or bvba in Belgium), or Société Privée à Responsabilité Limitée (SPRL), is the Dutch and Belgian version of a private limited liability company. The company is owned by shareholders, and the company's shares are privately registered and not freely transferable. The phrase means "secluded partnership" or private company with limited liability and it is the most common form of limited company in the Netherlands and Belgium.

A Dutch BV may be created by one or more individuals or legal entities, Dutch or foreign, with a minimum paid in capital of €0,01. A deed of incorporation is executed and filed. The deed must be in Dutch. It must contain details of the incorporators, and of the initial Members of the Board, their amounts of participation and payments of initial capital. The deed also contains the Articles of Association, consisting of at least:

the company name (which must begin or end with "B.V.")

the city where the company has its registered seat

the purpose of the company

the issued share capital and paid-in capital

the par value(s) of stock

the conditions for share transferThe authorized capital is the maximum capital that may subsequently be issued without altering the Articles of Association; it may be up to a maximum of five times the initial capital. Unlike its UK equivalent, a private company limited by shares, a BV company is not required to make its company accounts publicly available.Contrast with the publicly traded form of company: Naamloze Vennootschap.


Crucell is a biotechnology company specializing in vaccines and biopharmaceutical technologies.

In September 2009 Johnson & Johnson bought 18% stake in Crucell for €302 million in order to collaborate on the development of a flu vaccine. J&J acquired the rest of the company in October 2010, taking its stake to over 95% by February 2011 and delisting the company from stock exchanges two months later.

De Nederlandsche Bank

De Nederlandsche Bank (DNB) is the central bank of the Netherlands. It is part of the European System of Central Banks (ESCB). De Nederlandsche Bank is a public limited company (Dutch: naamloze vennootschap) whose every day policy is overseen by the Governing Board. Being an NV, DNB has a Supervisory Board (Dutch: Raad van Commissarissen). In addition, there is an advisory body called the Bank Council (Dutch: Bankraad). As a public entity the DNB has a function as both part of the European System of Central Banks (ESCB) and an independent public body (Dutch: zelfstandig bestuursorgaan).

As a part of the ESCB, DNB is co-responsible for the determination and implementation of the monetary policy for the Euro area, besides being a link in the international payment system. As an independent public body, DNB exercises prudential supervision of financial institutions.

Euro Stoxx 50

The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX, an index provider owned by Deutsche Börse Group. According to STOXX, its goal is "to provide a blue-chip representation of Supersector leaders in the Eurozone". It is made up of fifty of the largest and most liquid stocks. The index futures and options on the EURO STOXX 50, traded on Eurex, are among the most liquid such products in Europe and the world.

The EURO STOXX 50 was introduced on 26 February 1998. Its composition is reviewed annually in September. The index is available in several currency (EUR, USD, CAD, GBP, JPY) and return (Price, Net Return, Gross Return) variant combinations. Calculation takes place every 15 seconds between 09:00 CET and 18:00 CET for the EUR and USD variants of any return type, while the CAD, GBP and JPY variants are available as end-of-day calculation only (18:00 CET).

The EURO STOXX 50 Index is derived from the 19 EURO STOXX regional Supersector indices and represents the largest super-sector leaders in the Eurozone in terms of free-float market capitalization.

The index captures about 60% of the free-float market capitalization of the EURO STOXX Total Market Index (TMI), which in turn covers about 95% of the free-float market capitalization of the represented countries.

The EURO STOXX 50 serves as the basis for single sub-indices such as the EURO STOXX 50 ex Financials, which excludes all companies assigned to the ICB code 8000.

It is one of the most liquid indices for the Eurozone: an ideal underlying for financial products or for benchmarking purposes. Additionally, the index serves as an underlying for many strategy indices, such as the EURO STOXX 50 Risk Control Indices. Buffers are used to achieve the fixed number of components and to maintain stability of the indices by reducing index composition changes. Selection methodology ensures a stable and up-to-date index composition. Fast-entry and fast-exit rules ensure the index accurately represents the performance of only the biggest and most liquid stocks.

French company law

French company law is the law governing corporations incorporated in France or under French corporate law.

Hugo Koch

Hugo Alexander Koch (9 March 1870, Delft – 3 March 1928, Düsseldorf) was a Dutch inventor who conceived of and patented an idea for machine encryption — the rotor machine, although he was not the first to do so. He is sometimes erroneously credited as the originator of the Enigma machine, although this has been shown to be the work of German engineer Arthur Scherbius.

Koch filed for his rotor machine patent on 7 October 1919, and was granted Netherlands patent 10,700 (equivalent to U.S. Patent 1,533,252), held by Naamloze Vennootschap Ingenieursbureau Securitas in Amsterdam. No machine was built from his patents, and, in 1927, he assigned the rights to Arthur Scherbius, the inventor of the Enigma machine. Scherbius had developed the idea of rotor machine encryption independently from Koch, and had filed for his own patent in 1918. Bauer (1999) writes that Scherbius bought Koch's patents "obviously not because he did not own patents before; presumably he wanted to protect his patents".

ING Group

The ING Group (Dutch: ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. With total assets of US$ 1.1 trillion, it is one of the biggest banks in the world. ING is an abbreviation for Internationale Nederlanden Groep (English: International Netherlands Group).

The orange lion on ING's logo alludes to the Group's Dutch origins. ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks. ING Bank was included in a list of global systemically important banks in 2012.

In 2017, ING served 37.4 million clients in more than 40 countries. The company is a component of the Euro Stoxx 50 stock market index.


Kommandittselskap or KS is a Norwegian type of company. The company is owned by two types of entities; the komplementar, who holds unlimited liability, and one or more komandittist who hold limited liability. The komplementar is usually a limited company, so the liability is in essence limited. The company type is thus a middle form between a limited and unlimited company.

Each komandittist must pay equity of NOK 20,000, of which 20% must be paid before the registration at Brønnøysund Register Centre. The komplementar must supply at least 10% of the total equity. Dividend is paid out in proportion to the supplied equity, unless otherwise agreed upon. Taxation of a KS follows the same rules as taxation from an ansvarlig selskap (unlimited company, ANS), so there is no double taxation. KS's must be audited and submit their accounts to the authorities.

Of tax reasons, the company was quite popular in the 1980s, but after changes in the tax law most of the advantages disappeared. After this the company form is mainly used for real estate investment collaborations.

Margarine Unie

Naamloze Vennootschap Margarine Unie (English: Margarine Union Limited) was a Dutch company formed in 1927 in Rotterdam by the merger of four margarine companies, Antoon Jurgens United, Van den Bergh's, Centra, and Schicht's. Two large companies, Jurgens and Van den Bergh, were founded in 1872, in the town of Oss, Netherlands. The two companies began profit sharing in 1908. Schicht was founded by Georg Schicht whose son Johann Schicht was a German Bohemian entrepreneur and owner of a large soap-making plant. Margarine Unie operated until 1930 when it merged with the British company Lever Brothers, to form the multinational Unilever.In 1927, two companies were formed to acquire the interests of Van den Bergh in England (Margarine Union Limited) and those of Van den Bergh and Jurgens in Netherlands (N.V. Margarine Unie). The aggregate shares of the Netherland-based firm was larger but both companies were set up in an agreement that the benefits to the shareholders where the same as if it was a single company.


Mediq is a Dutch health care company, which provides pharmaceuticals and medical supplies, by operating apothecaries and by delivering to medical centres and patients. The company is active in 15 countries and in 2012 had a revenue of €2.61 billion. Since 2013 it has been owned by Advent International.

N.V. Elmar

N.V. Elmar is the sole provider of electricity on the island of Aruba.

N.V. Elmar is an abbreviation for the full company name in Dutch: "Naamloze Vennootschap Electriciteit-Maatschappij Aruba".

The Naamloze Vennootschap, abbreviated as N.V. is the traditional Limited Liability Company with its capital divided into shares and may be compared with the Spanish S.A. and the U.S. Corporation.

Societas unius personae

A societas unius personae (SUP; single-person company) is a legal form for a single-member private limited liability company proposed by the European Commission.

Wetboek van Koophandel

Wetboek van Koophandel is a codification of Dutch commerce laws signed into law in 1838 based on the Napoleonic Code that was introduced in the Netherlands during the French conquest of the Netherlands. The law was then introduced by the Dutch to the Dutch East Indies, and has remained Indonesia's commerce law also after independence.The laws containing regulations about the creation of Commanditaire Vennootschap, Naamloze Vennootschap, Firma as well as another rechtspersoon, shipping and trading regulations and bankruptcy laws. The laws is related to another private law of the Netherlands, Burgerlijk Wetboek and has some elements borrowed from the civil codification.


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