Below is a direct overview of the typical costs for establishing and operating a standard Besloten Vennootschap (BV) in Bonaire, Sint Eustatius, and Saba (country code: BQ) as of 2025. For those seeking jurisdictions recognized for straightforward regulatory environments and competitive tax structures, Bonaire and the Caribbean Netherlands continue to stand out for their efficiency and relatively moderate corporate administration expenses.
Company Formation Costs in Bonaire (BV, 2025)
The initial costs of setting up a Besloten Vennootschap (BV), the most commonly used company structure in BQ, are detailed below. The breakdown illustrates straightforward capital requirements and typical service fees senior professionals encounter.
| Expense Item | Amount (USD) |
|---|---|
| Minimum capital requirement | $1 |
| Notary fees (incorporation deed) | $1,000 |
| Chamber of Commerce registration fee | $200 |
| Total (average) | $1,200 |
Notably, the minimum capital required is set at just $1, allowing for highly flexible company structures and low entry barriers. The dominant expense is the notarial deed, reflecting the legal precision required at incorporation.
Annual Company Maintenance Costs
Ongoing maintenance for a BV in BQ consists mainly of administrative filings, compliance with Chamber of Commerce regulations, and reliable accounting services. Based on 2025 data, the annual cost range reflects both required and recommended professional services:
| Annual Maintenance Item | Amount (USD) |
|---|---|
| Chamber of Commerce annual registration fee | $100 |
| Mandatory accounting and tax filing services | $500 |
| Optional legal/accounting advisory (recommended) | $1,400 |
| Total annual (minimum – maximum) | $600 – $2,000 |
This annual total reflects the range from compliance with just mandatory requirements to also including periodic legal and financial consultation—highly recommended for cross-border or growth-focused companies.
Key Statistics Summary
- Initial incorporation (average): $1,200 USD
- Annual maintenance (minimum): $600 USD
- Annual maintenance (with advisory): $2,000 USD
- Minimum capital requirement: $1 USD
Pro Tips for Company Setup and Ongoing Compliance
- Engage a reputable notary early to safeguard incorporation timelines and ensure all deed requirements are satisfied.
- Regularly review Chamber of Commerce compliance notifications—prompt registration and fee payments simplify annual processes.
- Consider budgeting for periodic legal or accounting review, even if not strictly required each year, to mitigate compliance risks.
- Track all expenses in USD for ease of reconciliation and future reporting, as this is the standard business currency for BQ entities.
- Leverage optional advisory only to the extent necessary—many SMEs find baseline compliance sufficient in their first operational years.
Official Resources for Bonaire, Sint Eustatius, Saba (BQ)
- Rijksdienst Caribisch Nederland (RCN) – Official Government Portal
- Chamber of Commerce (Kamer van Koophandel) Main Page
To sum up, starting a BV in Bonaire and the broader Caribbean Netherlands remains relatively cost-effective compared to many jurisdictions. The low minimum capital requirement and clearly defined administrative fees keep barriers to entry low. Annual running costs are equally transparent. With careful planning and the selective use of professional advisors, companies in BQ can take advantage of an efficient and business-friendly regulatory environment. For internationally focused business owners, these moderate requirements offer both clarity and flexibility as you plan your next steps.