Open company in the Netherlands
How To Open A Company In The Netherlands?
To open a company in the Netherlands may require some extra effort if you are not a native, and you don’t know the language. This, of course, should not be a barrier to expanding your opportunities for opening a company in Holland. Our firm offers you the assistance necessary to open and maintain a business.
We have assisted many foreigners to successfully complete the procedure for opening a company in Holland. We make sure the company formation is performed in compliance with the local rules. Where possible, we assist and try to receive relevant subsidies and permits.
Are you unsure about the legal form that best suits your company? If you want to open a company in the Netherlands, we can assist you by clarifying the due liabilities and taxes charged for different entities.
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Open A Dutch Company As A Foreigner
You are not obliged to come to the visit the country for the purpose of starting a business in the Netherlands as a foreigner. The procedure is surprisingly simple.
We provide the following services related to opening a Dutch company as a foreigner:
Why Choose The Netherlands?
In the EU and international institutions, e.g. the UN, WTO and the World Bank, such businesses are categorized as ‘Small and Medium Enterprises/Businesses’ (SME / SMB). The term is most commonly abbreviated as SME. These businesses are easy to open in Holland.
The Netherlands values the economic contribution of entrepreneurs and supports business owners in opening a company in The Netherlands. In 1996 the Dutch Ministry of Economic Affairs (Ministerie van Economische Zaken) took steps to aid SMEs in entering the market of export. The country offers favorable conditions for smaller companies. Please, check out our website and feel free to contact us for further details.
What Type Of Company Should I Form In The Netherlands?
The company types in the Netherlands consist of:
(Ltd or Inc)
(plc or Corp)
Cooperation and Association
Business Registration KvK (Chamber Of Commerce)
All companies formed in the Netherlands need to be registered in the Company Register. With a Dutch BV, the procedure is as followed;
Company Tax In The Netherlands
It is always recommended for your firm to be registered with the Dutch Tax authority. The Netherlands has one of the lowest corporate tax rates in Europe at a base rate of 15% until EUR 395.000 profit (and 25.8% in the higher rate). The tax rate is set to decrease further in the coming years.
You may also deduct costs related to your work, such as transport, office, accounting, marketing, sales, staff… etc. The corporate tax only needs to be paid on the profit. So the amount that is left after the turnover minus the cost.
The VAT rates Are:
21% standard VAT rate
9% lower VAT rate
0% tax-exempt rate
0% for transactions between EU countries
You may claim back VAT that you have paid for your company investments and cost.
The main VAT rate is 21%, the lower vat rate will be 9% from 1 January 2019. And for certain services, a 0% VAT rate applies. For import and export, or transactions between EU countries, a 0% reverse-charge applies.
How Does The VAT System Work?
In the Netherlands, you may keep your accounting on paper or digitally. The records need to be kept for 5 to 7 years. Your financial accounting includes
- Invoices you have sent
- Invoices you have received
- Bank statements
- Agreements and contracts
- Receipts of small expenses
Your accountant will process these transactions and prepare your quarterly tax filings, your annual company income tax, and your annual report.
The annual report will be sent by the accountant to the Chamber of Commerce, where the numbers will be published in the company register.
Work Permit & Visa
If you are from outside of the EU or EEA, then you need to apply for a residence permit or perhaps a work permit.
Most important criteria for the self-employed visa are:
- A high education (Bachelor level or higher) for either the main applicant or his / her life partner.
- Experience of either main applicant or his / her life partner (Entrepreneurship, work experience)
- The company needs to be in the interest of the Netherlands.
- You have an active Dutch BV company
- You will earn sufficient income
- A very thorough business plan. A specialized business plan writer could assist you with the business plan. Turkish citizens or long terms residents of another European country have a simplified procedure, they do not need to score on the point system.
The IND fees for the application are around €1300. This does not include the legal fees and the fees for writing the business plan.
The Economy Of The Netherlands
Many foreign traders have opened a company in the Netherlands in the last decades, which has contributed to economic growth. Many of the foreign traders are trading or manufacturing businesses.
Intercompany Solutions CEO Bjorn Wagemakers and client Brian Mckenzie are featured in a report for The National (CBC News) ‘Dutch Economy braces for the worst with Brexit’, in a visit to our notary public on 12 February 2019.
We perfect our quality standards to deliver services of the highest degree.
Why Use ICS For Incorporating A Dutch Company?
Operating since 2017, our company has helped thousands of clients from 50+ countries to set up their businesses in the Netherlands. Our clients range from small business owners opening their first company, to multinationals opening a subsidiary in the Netherlands.
- Free initial consultation
- We have incorporated and assisted 1000+ companies
- We provide all services you need to start in the Netherlands, from company formation to bank account applications, secretarial services, vat application, and accounting
- We take care of the whole procedure from beginning to end, you do not have to worry about the incorporation
- We have the local know-how and skills