How Developed Countries Collect Taxes on Bitcoin

During the past decade virtual currencies, such as Bitcoin, Qtum, Litecoin and Ethereum, have become increasingly popular. They are currently used as both methods for payment and investment instruments. The emergence of cryptocurrencies led to a legislative vacuum that had to be replaced by adequate regulations.

The present publication focuses on Bitcoin (by far, the most popular virtual currency) taxation. Bitcoins substitute real currencies and have a real monetary value. This means that they can be converted into US and … Read more

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The Netherlands is Europe’s Tax Haven

In a recent report from Oxfam International 5 European states were rated among the 15 most popular tax havens worldwide. They were ranked as follows: Cyprus (10th position), Luxembourg (7th position) Ireland (6th position), Switzerland (5th position), and the Netherlands (3rd position). The same publication puts the Cayman Islands and Bermuda at the top of the countdown as long-standing tax paradises.

Oxfam’s report was prepared using information on different factors for each country, including corporate … Read more

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Top Five Profitable Dutch Industries

Many international entrepreneurs establish their businesses in the Netherlands to benefit from the many offered advantages. The strategic location of the Netherlands provides access to many western European customers and the country boasts the biggest port on the continent: Rotterdam. The tax system offers numerous advantages for businesses in various sectors. Below is a description of the top five profitable industries currently suitable for opening a Dutch company.

1. Agriculture

The country is rated second in the global export of … Read more

Can Tax Authorities Identify Cryptocurrency Owners?

Capital gains from transactions in cryptocurrencies such as Bitcoin are increasingly becoming taxable in countries worldwide. Therefore taxpayers are under the obligation to include cryptocurrency transactions in their yearly tax returns. Non-compliance may lead to serious penalties. This raises the question whether tax authorities are able to adequately identify cryptocurrency owners in order to collect the liabilities.

The anonymity issue

The main concern connected to taxation of cryptocurrencies is their traceability: virtual money are often gained, spent and traded on … Read more

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Establishing a Dutch Company: Sole Proprietorship or BV?

It is easy to start a Dutch business, but every entrepreneur has choices to make. First of all, one must choose the legal entity that will operate the business; this determines the taxes he or she will have to pay. The main question is whether to register a sole proprietorship (one-man company or Eenmanszaak in Dutch) or a BV (limited liability company or besloten vennootschap in Dutch). Which one is better?

The Difference between a Sole Proprietorship and a BV

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Five Ideas for Opening a Small Dutch Business

The Netherlands is welcoming foreigners intending to work and live on its territory and start private businesses. The country offers an ideal environment for setting up a branch or establishing the headquarters of a big company, but smaller businesses also develop well. The Netherlands is among the European member states where motivated investors and entrepreneurs can set up new businesses with comparatively small initial capital. Below is a list of five sectors suitable for opening a small company:

1. The

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Amsterdam: A Dynamic European Capital

According to a research by Savills Investment Management, Amsterdam remains among the 5 most dynamic European cities for a number of years. The factors used in the ranking are focused mainly on the suitability for new investments. Cambridge, London and Paris are among the other top cities.

If you plan to do business in the Netherlands, our Dutch lawyers can give you expert advice.

The top qualities of Amsterdam

The research performed by Savills covers 130 European cities and compares … Read more

5 Best EU Countries for Corporate Tax

The Dutch newspaper “The Financial Times” has recently conducted research showing that the average amount large EU enterprises spend on corporate tax equals 23.3 percent of their profit. The authors analyzed the tax liabilities of 25 companies – the biggest on the Stock Exchange in Amsterdam – including Unilever, Heineken, ING Group and Philips, and reviewed the corporate taxes they pay in various European countries.

The analysis showed that the rates of corporate tax differ significantly among the EU countries. … Read more

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How to Establish a German Limited Liability Company (LLC)

International investors can register their operations in Germany as companies, branches or partnerships. The GmbH (Gesellschaft mit beschränkter Haftung, or in English a company with limited liability, LLC) is the most popular company form in Germany.  This entity is preferred because of its uncomplicated and flexible financial and corporate structure. The shareholders carry limited liability covering the share capital of the company.

The GmbH can have its corporate seat at any location in Germany, it does not matter if the … Read more

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Establish a Dutch Trust

International residents are offered a range of solutions for wealth management in case they plan to live in the Netherlands. Foreign citizens can open various types of Dutch companies, of which the most appropriate forms are the BVs (companies with limited liability or LLCs) and the private foundations. If you would like to establish a trust you should keep in mind that the Dutch legislators have not yet adopted a particular law in relation to this structure, but they … Read more