Dutch House of Representatives proposes measures to combat shell companies misuse

The European Union has been proactive in addressing the risks associated with shell companies by implementing stringent regulations such as ATAD 3. This targets potential cross-border tax avoidance and evasion facilitated by shell companies. However, despite the efforts of the EU, thousands of Dutch-registered companies could still be involved in illicit financial activities. This underscores the need for stronger measures to address this issue. 

On 1 October 2024, the Dutch House of Representatives proposed a measure to probe shell companies. The government, Chamber of Commerce and the Bureau of Financial Supervision were requested to conduct a network analysis. This aims to identify risky addresses associated with shell companies. In addition, the Chamber of Commerce will now have more power to refuse or deregister suspicious ones.

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