A foreign corporate investor may invest in Dutch property in various manners. The investor may invest directly, through a local company (such as a Naamloze Vennootschap or NV, Besloten Vennootschap or BV), through a Dutch holding company structure, a non-resident company or through a partnership. In this discussion, we assume the features of a partnership are such that the partnership is regarded as a non-transparent entity for (Dutch) tax purposes. In this case a partnership is treated similar to a company.
Source : PWC