Monthly Archives: May 2013

Multinational Holdings in the Netherlands

The Netherlands are the ideal domicile for companies that operate globally. The good fiscal climate in Holland exists especially because of the large amount of tax treaties entered into with other countries. Therefor Holland has an advantage over other countries offering competitive tax schemes. Companies like Cisco, HP, Tesla, Dtek, Abbott, as well as international artists like The Rolling Stones and U2 have found a safe haven for their holdings in the Netherlands, very often in Amsterdam. Several  law firms and tax advisers that can facilitate the holding companies.
Holding Companies in the Netherlands

The organistation promoting the Dutch fiscal climate is the Netherlands Foreign Investment Agency (NFIA). The agency also promotes the advantage for international companies to obtain tax rulings with the Dutch tax Authority. Tax lawyers can negotiate a tax  ruling to establish which part of the profits of a company is subject to tax in the Netherlands.

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Yacht building in The Netherlands

The Netherlands have a serious marine maritime history, which has developed in substantial yacht building industry. The Dutch built excellent motor yachts and sailing yachts of the highest quality. This has put The Netherlands in the lead in the production of super yachts and building of custom built yachts.

Yachting Lawyer Netherlands

Dutch yards have gained World Fame

Some well-known Dutch yacht builders are Amels, Royal Huisman, Vitters, Claassen, Dedship and Royal Van Lent. Dutch Yacht Designers are also present in the world of super yacht design. The non-EU citizens and corporations can have a yacht built in Holland against zero VAT tax rate under the condition the yacht is exported directly outside the EU.

Project management at Dutch yards

The owner can have himself represented by a project manager in Holland, that supervises the building of the yacht. A Project manager when building aYacht in the Netherlands is great support for the Owner who resides abroad. Our firm in Amsterdam has been involved in contracts for yacht building in The Netherlands, including some super yachts. A proper yacht building contract is necessary.

Top Yachting Contract for Great Designs

The owner should be protected against financial problems of the yard, bankruptcy, suspension of payment, arrest on the yacht, et cetera. Other subject to cover are warranties, limitation of liabilities, extra orders, change orders, insurance, certificates, et cetera. The yacht contract should protect the owner financially for his investments in the yacht. The owner should obtain ownership of all parts and components the yard orders for the yacht.

Security Provisons in Yachtbuilding Contract

The ownership of the hull and unfinished yacht should also be vested in the owner as soon as possible. When necessary, a security right can be established on the unfinished yacht at the yard. Because of the peculiarities of Dutch law, it is important to instruct a lawyer in the Netherlands to review any contract the owner enters into. Dutch contract law is not similar to anglo-saxon contract law, although the differences should not be exaggerated. As a Dutch Yachting Lawyer I can help you out there.

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Filed under Dutch Contract, Dutch lawfirm, Dutch Yacht Building