PUBLIC COMANY (“N.V.”)

The public company is alsp a legal entity and can participate in legal actions and perform legal acts.

The main differences between a limited liability company and a public company are:

• the limited liability company only has registered shares, while the public company may have registered shares and/or bearer shares. Furthermore, a limited liability ompany is not allowed to issue share certificates, but instead keeps a share register in which the names and addresses of the shareholders are listed. The public company may have share certificates issued for its bearer shares;
• in the articles of association of a limited company an article restricting the transfer of the shares must be included (legal requirement). The public company does not have this restriction;
• the minimum issued share capital of a public company is higher than that of the limited liability company.

Similar to the limited liability company, the public company must be incorporated by notarial deed.