Limited Liability Company (Besloten vennootschap) – Can be created by one person or by another company. Statute must be written in Dutch and signed by a notary. Entrepreneur must obtain a certificate from Ministry of Justice (Het Ministerie van Justitie) decisions on the absence of opposition to the running of the company (eg. the founding individuals had no problems with the law). Limited Liability Company has limited the risk of substantive liability. Share capital firms are a minimum of € 18.152 in cash or in the form of a contribution. Opening formalities BV It takes about 2 months, at that time the company may works (during this time the name of the company should add i.o. – in oprichting (in formation)).