If this is not (yet) available, there are options available in the Dutch market for hiring an office space which can be used for the incorporation of your company. Starting a business in the Netherlands is simple and easy nowadays, however, there are a few aspects to consider. You will be issued a KVK number after registering in the Dutch Business Register. M. +31 6 231 06 340E. How much will that cost? It must cover all procedures of the entity and is relevant to all operations of the newly established company. KYC - UBO form. Prices start at 1,800 per year. In this respect the AoA can require the prior approval of the Board of. When opening and registering a company in the Netherlands, you should consider the following start-up costs: Preparation and registration of documents necessary for company registration; Authentication and authentication of various documents that must be translated if the shareholder is a foreign citizen. a stichting) in the Netherlands must register in the Handelsregister. It is now simple and easy to register or buy company in the Netherlands. The Dutch government has offered anOrange Carpet Programmeto international startups since 2015. Taxes and duties are a big part of starting a business in the Netherlands. We need to verify that the incorporating foreign entity is correctly represented during the incorporation. The description of your business activity must be translated into Dutch. Records should be kept for 5 to 7 years. There are different types of registration: Single registration that includes social security and employee benefits. minimum temperature (January) +1, Dutch 80,7%, EU 5%, Indonesian 2,4%, Turkish 2,2%, Surinamese 2%, Moroccan 2%, Netherlands Antilles & Aruba 0,8%, other 4,8% (2008 est. Notarizing your Articles of Association. 4. All shareholders may be outside the Netherlands. It should not mislead in terms of scope of activities, and can not demonstrate affiliation with the royal family or public authorities of the Netherlands. Shareholders register. If you are planning to start a Dutch business and need information about start-up costs, contact us as soon as possible. Knowing the cost of company registration in the Netherlands is one of the most interesting topics for people who plan to start a new business. You are required to provide a copy of the shareholders register pertaining to the foreign founding entity, along with a cap table outlining the shareholdings and corresponding percentages of all individual shareholders. Foreign business owners opening subsidiaries can skip the travel time. This tax can be offset at source by the resident shareholder against personal and corporate tax liabilities. Use Company Renewal Service Free US$ 699 Service Fee for opening Corporate Account, Leading banks (Rabobank, ING, ABN Amro) Personal assets are protected against bankruptcy. After finalizing the business structure, business owners can complete the administrative elements of the company registration process in the Netherlands. We cannot guarantee a proper functioning on a tablet or smart phone. The management of the enterprise and its operation are precisely prescribed by the laws. Your email address will not be published. The cost of incorporation of a company in the Netherlands for different legal structures is highlighted below in EUR, as given by theNetherlands Enterprise Agency, RVO. Check out our Incorporation Questionnaire for the exact requirements. 3. If you work with multiple shareholders, it is strongly advisable to enter into a shareholders agreement. Issue of shares. The existence of nominee shareholders and directors is allowed. Duties are also charged for importing and exporting goods. Submission of financial statements is mandatory requirement. VAT is 21% (general rate), 6% and 0% (preferential rate). Perhaps you want to start a business in the Netherlands from abroad, for instance if you want to hire a family member to run the company for you. There are some pretty fast and forward-thinking international banks out there, like Revolut. The last one is used only by residents of the Friesland province. If you have a business abroad and want to do business in the Netherlands, how you need to register depends on whether or not you have a permanent establishment in the Netherlands. Save my name, email, and website in this browser for the next time I comment. The NFIA provides free-of-charge advice and hands-on support for company incorporation in the Netherlands. These are provided by the companys articles of association, which must be drafted and notarized. Save my name, email, and website in this browser for the next time I comment. It is sufficient to have a representative to whom the power of attorney is issued. Enjoy elevated rewards and experiences throughout your journey. Incorporated and registered in the trade register by a notary public, Directors may live and work outside the Netherlands, Directors can be private persons or companies, Completion of the Incorporation Questionnaire 30 minutes (its up to you), Incorporation by a notary public 1 2 weeks, Obtaining company registration number < 1 week after incorporation, Obtaining company tax numbers < 2 weeks after incorporation. Business owners only collect taxes. a) Bearer shares can be issued only by NVs. You can employ talent without setting up a company in the Netherlands. Reach out to , Employ international workforce in 150+ countries, Pay overseas freelancers & contractors risk-free, Manage international payroll & payments compliantly, Motivate & retain talent with top-class benefits, Minimize risks that come with global employment, Issue Employee Stock Ownership Plan to international hires, Grow your global teams rapidly & compliantly, Hire international employees through a trusted Employer of Record partner, Hire the best talent no matter where they are located, Expand into global markets with an all-in-one employment partner, Hire overseas talent & manage your distributed teams, Save valuable capital & time spent on admin & payroll, Learn more about international employment, payroll, and compliance, Explore the 360 country guide to employ in any country, Choose from a list of customizable job description templates, Dive into real-world examples of global employment, Find information about work permits in different countries, Learn more about Multiplier from a comprehensive support hub, Business Opportunities in the Netherlands, Benefits of Starting a Business in the Netherlands, Requirements for Starting a Business in the Netherlands, Types of Business Structures in the Netherlands. Perhaps you have Dutch customers who ask for a KVK number. We strive for long term relationships and add value to organizations back offices. The Netherlands is nowadays extremely attractive country concerning investments. And this would help you test new markets and get new teams on board without the usual hassles. The abbreviations BV, NV or their full forms should be included in the name. Compare Central Europe manufacturing companies! You can do so by right-clicking on the link of the form and selecting 'Save target' (this term may differ per browser). If you are unable to complete the form on your computer, you should first save the form. To receive these benefits, you must apply as soon as possible while completing all the necessary steps. Frequently used options are so-called virtual offices. First of all, you need to fill out the registration form at the Dutch Chamber of Commerce KVK. For example, there is no capital requirement for cooperatives and partnerships. Also, if additional services are needed, such as a virtual office that can be used as a temporary registered address for the Dutch company, these costs should also be considered as start-up costs. Instructions for filling in the form maximum temperature (July) +17; avg. Identification. Among the official estates of the Netherlands, there are Aruba island (Caribbean sea) and the Netherlands Antilles. The Dutch Tax and Customs Administration sees you as an entrepreneur if your income is profit from business activities. You can find out if you qualify as an entrepreneur for VAT purposes by answering these prompts: Entrepreneurs for VAT purposes whose annual turnover is less than EUR 20,000 can participate in the small business scheme (KOR). Explore the benefits for all levels. What is the most common legal form for a company in the Netherlands? Nominee directors give power of attorney only to specific deals. currency, 100 may be denominated in another currency then Euro, Possibility to issue shares without par value, Rate Box 1: 33,10 - 52%. Start typing to see posts you are looking for. The recorded menu message is in Dutch. If your business consists of more than one branch, each of them will be given a unique branch number consisting of 12 digits. As part of the incorporation process, all Dutch service providers are required to keep certain information about you and your company in their file. Corporate entities (with a legal personality), Non-corporate entities (without legal personality), Private Limited Liability Company called besloten vennootschap or BV, Public Limited Liability Company called naamloze vennootschap or NV, General Partnership, known as a VOF (vennootschap onder firma), Limited Partnership, known as a CV (commanditaire vennootschap). All financial reports are stored in the Dutch office of the company. All rights reserved. Bank account. Have questions about our features or pricing? Fill in shipping, company address or special request (if any). Otherwise, traditional office rental will be required, however, this option is more expensive. Other fee considerations Timelines The average Netherlands company registration period is 10 weeks as outlined below: Register with the Chamber of Commerce (KVK), which will enter your company name in the Dutch trade register. If you hire staff from a supplier who is not listed in the Dutch Business Register, you may be fined as well. Notarial documents. Fees of the registered representative to complete the company registration process, if necessary. After registration, you will receive a payroll tax number and forms for deductingpayroll taxfrom employees wages. Scan of Passport of each shareholder/beneficial owner and director, Scan of Address Proof of each director and shareholder (can be utility: Gas, water, electricitybill, which must be in English and not older than 3 months. Business registration fees that must be paid with the registration of companies. PDF | 1.91 MB | Updated time: 14 Mar, 2020, 10:45 (UTC+08:00), PDF | 1.80 MB | Updated time: 03 Jan, 2020, 12:24 (UTC+08:00), PDF | 1,015.78 kB | Updated time: 04 Jan, 2020, 11:16 (UTC+08:00), PDF | 5.52 MB | Updated time: 06 Jan, 2020, 11:48 (UTC+08:00), PDF | 549.04 kB | Updated time: 08 Feb, 2023, 10:37 (UTC+08:00). To get one, you must: register with the Personal Records Database ( Basisregistratie Personen, BRP) in your city of residence, or, register with the Non-resident Records Database ( Register Niet-Ingezetenen BSN, RNIBSN) if you are staying for less than 4 months. Minimum capital required for BV is 0,01. This is very convenient of course. Considerably low amount of the charter capital. The notary will then represent you at the incorporation. The additional amount must be reserved by you, as you will have to pay this VAT to the tax office every three months. After completing the relevant forms, you need to request an in-person appointment to attend one of the local KVK branches. You can access the Handelsregister online (in Dutch). Thats just not necessary. In order to register the company in the Netherlands, submit a business plan. The central part of the Netherlands is crossed the Rhine waterway. Dutch LLC setup costs in year 1 will amount to 4,950. Healy Consultants confirms all Client due diligence is received; Healy Consultants couriers to our Client the complete original company and bank account documents; Our Client completes our web page feedback survey; Compare Europe low tax manufacturing companies! Advantageous location in Europe. You may register in the Dutch Business Register voluntarily, to comply with your customers' wishes. Here is a summary of the advantages of doing business in the Netherlands. The improvement of the Dutch economy, including technological, allows to enhance effectiveness of doing business in the office of the Netherlands. Familiarize yourself with the requirements of business name registration in the Netherlands, cost of incorporation of a company, process of offshore company registration in the Netherlands, and so on. Costs for a notary public vary from 550 to 2,500, with a mode of around 1,200. The administrative requirements and costs of notary/legal differ depending on the type of company chosen by the entrepreneur. To avoid wasting time and money with incomplete and incorrect paperwork regarding company registration in the Netherlands, it is recommended to use the services of our representatives and team. You can also order products from the KVK register, such as an uittreksel (extract containing details of a company). Our Solution, Your Success. At this point your BV is fully incorporated and ready to go. When opening a company in the Netherlands, you should consider the following start-up costs: Preparation and registration of documents necessary for company registration; Authentication and authentication of various documents that must be translated if the shareholder is a foreign citizen. Confirmation of foreign entity. This form enables you to register as a foreign company at the Tax and Customs Administration in the Netherlands for VAT, corporation tax, payroll taxes and transfer tax return. A Dutch LLC is established by a minimum of one incorporator through the execution of an Incorporation Deed before a Latin Notary. For unincorporated businesses, such as VOF partnerships, submit the registration forms at the KVK. You are required to add a chart or group diagram outlining the ownership and control within the founding legal entity. If your business ceases trading, you must deregister from the Dutch Business Register. Taxes and duties are a big part of starting a business in the Netherlands. If you have a founder or director with a BSN number or registered address in the Netherlands, you will probably get the VAT number automatically. If you are planning to set up a business in the Netherlands and need guidance, our Dutch company formation agents are at your disposal with information on the formalities you need to complete, especially if you are a foreign investor. You can use the Waadi check (in Dutch) offered by KVK for this purpose. Documents required. The Netherlands offers two options for registering a company with limited liability (LLC) of the shareholders: a public LLC or Naamloze Venootschap abbreviated as NV, and a private LLC, Besloten Vennootschap, abbreviated as BV. Are Foreigners in the Netherlands on Certain Passes Allowed to Start a Business in the Netherlands? So keep your eye on your letterbox. Yes, you do. Thus, the producer of intellectual property products, which are produced in Holland, obtains the ability to use the preferential tax treatment. For example, the name of the managing director or the address of the company? The annual report is sent by the accountant to the Chamber of Commerce, where the numbers are entered in the company register. These types of companies in the Netherlands are the most interesting for the entrepreneur: Private company with limited liability, BV; Public company with limited liability, NV. They offer subsidies, grants and tax breaks to businesses in the Netherlands. Once you discuss these factors, the Netherlands setup subsidiary process includes: Checking your trade name. VAT number. Registering a company in the Netherlands, starting a new business or getting a representative office is one of the ways that, in addition to earning money for you, after 5 years of activity and paying taxes on time, you will get a Dutch residence and a Dutch passport. prepares The annual report is sent by the accountant to the Chamber of Commerce, where the numbers are entered in the company register. The cost of registering a company with the Dutch Chamber of Commerce is one of the start-up costs in the Netherlands. How Much Does it Cost to Incorporate a Company in the Netherlands? Suppose you already have a business and now wish to start a business in the Netherlands. The Dutch notary will start drafting the following documents for you (in English language).- Deed of incorporation of the BV- Power of Attorney for the execution of the deed of incorporation- Personal data card, required for the registration of your BV at the Dutch Company Register. Especially at the beginning, when you will be receiving some important letters and your first deadlines. Business owners only collect taxes. Some may go for only a representative office, which is not legally defined or regulated, hence not listed in the Business Register of the Chamber of Commerce (KVK). What is a private limited company or bv? The Dutch are renowned for speaking their languages. In the case of foreigners opening companies in the Netherlands, certain documents may need to be translated, so these documents should be included in the start-up costs. Your email address will not be published. After completing the relevant forms, you need to request an in-person appointment to attend one of the local KVK branches. The last cost related to setting up a company in the Netherlands is related to the costs of obtaining specific business licenses and permits according to the industry in which the business will operate. Does the incorporation of BV require the existence of Shareholders? This needs to be in the Netherlands. d) NVs can buy back one tenth of the issued share capital while BVs can buy back the whole capital, on the condition that a single share giving the right to vote is owned by another party. As it is well-known, Amsterdam is the capital of the Netherlands, but the place of concentration of the main state authorities and representative offices is the Hague. This website uses cookies in order to improve user experience. So as a foreigner you are absolutely required to hire an accountant, to help you navigate the tax, accounting and legal landscape. This advantage became available as a result of simplifications in the requirements for registration of company in the Netherlands. Both the NV and the BV represent separate legal entities. The BV and NV companies have the right to issue only registered shares. About 16 million people reside in the Netherlands. Accessing the Handelsregister (Kamer van Koophandel), Ministry of Economic Affairs and Climate Policy. In the future, increase of the charter capital is provided. Dutch LLC setup costs in year 1 will amount to 4,950. After completing the steps to incorporate a company in the Netherlands, you will receive a unique business number or KVK number. support@usemultiplier.com, Receive the latest news about international hiring, employment, compliance and payroll. We will use your data such as name and email for marketing purposes. In general, companies in the Netherlands shall maintain: - Balance sheet, profit and loss statement with notes; - Directors' Report (except for cases when there is legitimate acquittance); - Incident reports that could have an effect or impact on the financial condition of the company. PrimeBridge offers solutions to meet this important 50% minimum requirement. The Dutch branch thus opened is not separate from the foreign legal entity, and therefore, the rules and regulations of the foreign legal entity apply to it. The Ultimate Beneficial Owner (UBO)is the natural person that holds (directly or indirectly) 25% or more of the shares in the capital of the new BV, or has actual control over the new BV. The Administration considers the factors mentioned below. Availability of IP-Box service. Also, the minimum wage must be observed when hiring people. Clearly, there are more options Like to know which these are? At this point the founders will also sign the Powers of Attorney, which will be used by the notarys office to execute the deed of incorporation. . It is necessary to make amendments to the Charter in the form of notarial act, which should be certified by the Dutch notary. Your email address will not be published. Fees of the registered representative to complete the company registration process, if necessary. International prestige of the Netherlands that predeterminedly guarantees your enterprise in the Netherlands stable confidence from potential partners and consumers. Additional requirements in the case of incorporation with a foreign entity. It is best if you complete the form on a computer. They can transfer their entire business to the country or open a branch office. Their citizenship and residence do not matter. Check it out on our page that deals with all Dutch legal forms. The requirements for BVs are almost identical to the ones for NVs, but there are some differences between the entities. Register with the Dutch Business Register and Dutch Tax Administration. This is applicable for the incorporators as well as the managing directors. Address and details of the business, including lease agreements for the companys premises, if any, Register to pay company tax and payroll tax at the Dutch Tax Office, Register with the Dutch Social Security Administration. The criteria for deciding this are: Once you have decided to start a business in the Netherlands, you need to meet some administrative requirements, such as applying for a residence and work permit. The proportion of other representatives from Europe is 5%. Examples of these companies are temporary employment agencies, payroll companies and jobs pools based outside the Netherlands but active in the Netherlands. Constant introduction of innovation in the economy. By clicking Download PDF, I accept the Multiplier Terms of Service and Privacy Policy. This costs 0.70 per minute on top of your normal telephone charges. In that case, you can set up a subsidiary company or branch. One way to proof this is by having a predominantly Dutch board of directors and arrange for board meetings in the Netherlands. By clicking Subscribe, I accept the Multiplier Terms of Service and Privacy Policy. They will send this invoice to your business address (see next point). Real Property Tax: municipalities impose an annual tax at varying rates on owners of real property. Address: AndisheCo GmbH Hamburg Commercial Register Number: HRB 1 7 5 0 7 3. We summarized 8 easy steps on how to form your Dutch BV. You can either send or hand in the deregistration form together with a copy of your identity document to the KVK office in your region. In order to thank you for the long ride we've had over the past time, One IBC would like to bring you an exclusive OCTOBER SALE - Seasonal packages for those who wish to open an offshore company in Seychelles. Your financial accounting includes: Invoices youve sent, invoices youve received, bank statements, contracts and small expense receipts as your accountant processes these transactions, and quarterly tax filings, annual corporate income tax and annual reports. ), Supreme Court (judges are appointed by the monarch), Courts of Appeal, District Courts, Head of government: Prime Minister, the Deputy Prime Minister. If your business has been taken over by a new owner, partnership or legal entity, it will receive a new KVK number. Download One IBC digital app now to get a better experience and receive our exclusive offers. Do you make money from asset entitlements, savings, or other investments? The Board of Supervisors does not have executive powers and cannot represent the LLC. From US$ 2,600. Setting up a bv Formation phase: bv in oprichting Costs Taxes and the private limited company Liability Signing authority Personnel in the Netherlands Dutch insurances and pension Ending a Dutch bv Changing the legal structure Good to know Statistics: private limited companies Functioning in a competitive, innovative, and trust-based environment like the Netherlands can expand your horizons. Essentially, theres no obligation to change the foreign business structure your parent firms structure would function here. Dutch company registration: Just Order, We Do All For You. Registering with the Trade Register and Tax Office. The startup scheme makes it easier for foreign nationals to enter the Netherlands and contribute to its economy. b) Only NVs are allowed to list shares on the Exchange Market. 15% tax is charged on taxable income. One of the reasons why the Netherlands ranks high is the relatively low costs of setting up a company registration in the Netherlands. All legal entities and partnerships will also be given a Legal Person and Partnership Information Number (Rechtspersonen en Samenwerkingsverbanden Informatienummer, RSIN). More than 80% of the population is Dutch people. As per Dutch company law, you are a foreign business owner if you are a non-resident or not established in the Netherlands. Virtual addresses or letterbox addresses are never acceptable! The cost of registering a company with the Dutch Chamber of Commerce is one of the start-up costs in the Netherlands. Required fields are marked *. Information about directors and shareholders of the company is contained in the deed of foundation of the company in the Netherlands and such data is available for third parties. If you dont come under this category, you require a provisional residence permit (MVV) and a work permit (TWV). Read this article to find out more. Stable legislation and politics, coupled with excellent international relations. You are required to provide an original certified and apostilled deed of incorporation (or similar document), pertaining to the founding shareholder. Transfer Tax - 6%, all board meetings of the company should take place in the Netherlands, The requirement for the presence of the Secretary, Requirement to the residense of the Secretary, Requirements to qualification of the Secretary, Information may be disclosed to the local agent, Shareholders-legal entities are acceptable, General meetings are to be held annually in the Netherlands or abroad, Treaty on avoidance of double taxation (States which signed), Is it offshore according to Russian legislation. Register or login and fill in the company names and director/ shareholder(s). Are you an independent professional or someone running a business independently? Starting a business in the Netherlands is simple and easy nowadays, however, there are a few aspects to consider. Required fields are marked *. Business owners have multiple options to start a business in the Netherlands. When you invoice your customers for services or products, you must add 21% VAT to the cost. Postal applications take 8 to 10 days and cost 40 (paid by cheque made out to 'Companies House'). Also, the minimum wage must be observed when hiring people. Your email address will not be published. The Managing Board (composed of a minimum of one Director) deals with the administration and management of the LLC, its daily routine and business operations. Please ask ushow. You must notify the KVK within one week if your business details change, for example the address, officers or directors, branch details or trade name (or if a trade name is added). Registration in the Dutch Business Register is mandatory for foreign businesses without a Dutch branch that provide workers on a paid basis in or to the Netherlands. is subject to a special fee. Company name cannot be identical or similar to the already existing one. Rate Box 2: 25%. Netherlands company formation cost; 6. The Dutch economy is known for its business-friendly and stable economy. What are the functions of the Supervisory Directors, if relevant? Dont forget that the Chamber of Commerce charges a separate registration fee of (circa) 51,30. Private Limited Company or BV is one of the most popular companies to register in the Netherlands. In the Netherlands the TIN number is the same as the BSN number. If the BV wants to make use of the myriad of tax treaties the Netherlands has with other countries, this is a common tax substance requirement. Do you have an income besides your permanent job? Address and details of the business, including lease agreements for the companys premises, if any, Register to pay company tax and payroll tax at the Dutch Tax Office, Register with the Dutch Social Security Administration. Should you need any assistance sourcing a suitable office space, please let us knowhere. Non-corporate entities can be either of the two: Both forms have two or more partners, who may be individuals or legal entities. . Check existing names on Dutch on theKVK search pageand select a business name. A common choice for companies that are expanding to the Netherlands and like a company registration, is a legal form with a corporate or legal personality: a Private limited company (a Dutch BV or besloten vennootschap). Thats why "ambiguous" interpretation of the documents is not possible. Earn and redeem credit points for our services. Every company and legal entity (e.g. Choose a trade name for your company. Become our referer in 3 simple steps and earn up to 14% commission on every client you introduce to us. Setting up your own business also means choosing a company name (also called a trade name).
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