Naamloze vennootschap
Type of business entity under Dutch law
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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, Sint Maarten and Indonesia. A minimum of €45,000 (€61,500) paid in capital is required to establish a Dutch (Belgian) nv. Establishing a Dutch nv is only possible by a notarial act by a Dutch civil law notary.