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Legal entities  
a) NV  
The Netherlands Antilles “Naamloze Vennootschap” or “N.V.” is a company limited by shares. The statutory regulations governing the NV are contained in Book-I, chapter 2 of the Commercial Code of the Netherlands Antilles. The NV can act as a public company and as a closely held private company.
 
   
b) Foundation  
A stichting or foundation is a legal entity in its own right with its own assets and liabilities. The legal concept of the stichting developed ages ago from capital being set aside for a special nonprofit or charitable purpose and was originally used by religious and welfare groups.
 
     
  c) Partnership  
  Within Netherlands Antilles’ legislation there are two forms of partnerships:  
  i. The Vennootschap Onder Firma  
 
  • The Vennootschap Onder Firma (“VOF”) is a general partnership in which the individual partners are jointly and severally liable for the debts of the partnership.
 
  ii. The Commanditaire Vennootschap  
 
  • The Commanditaire Vennootschap (“CV”) is a limited partnership in which there is a distinction drawn between the limited partners and the general or managing partners. The general or managing partners manage the affairs of the CV and represent it in dealings with third parties. They are jointly and severally liable for the debts of the CV. A limited partner however contributes to the partnership a certain amount of capital. His liability is limited to the amount of capital contributed.
  

 
 
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