The first Europeans arrived in the archipelago in 1512, when Portuguese traders, led by Francisco Serrão, sought to monopolise the sources of nutmeg, cloves, and cubeb pepper in the Maluku Islands. Dutch and British traders followed. In 1602, the Dutch established the Dutch East India Company (VOC) and became the dominant European power for almost 200 years. The VOC was dissolved in 1800 following bankruptcy, and the Netherlands established the Dutch East Indies as a nationalised colony.