STARTING A BUSINESS IN THE NETHERLANDS
It will take 2 weeks on average in order to legalize and finalize the process of helping an entrepreneur start a business in the Netherlands. All documentation is handled in both Dutch and English and the shareholders can provide us with Power of Attorney to take care of the necessary filings on their behalf. The company formation can be performed remotely. An expedited procedure is possible in which we can incorporate Dutch companies within 3 days.
Intercompany Solutions can assist with the opening of a bank account as well; however, a personal visit of the director is required for the bank introduction.We will be able to assist you with aspects such as annual filing, preparation of corporate resolutions, liquidation services and much more as part of our secretarial services. We provide full-service packages that include accounting and registered office services.
Why The Netherlands?
- 20% corporate tax, one of the lowest tax rates in Europe
- 0% VAT for business between EU member states
- Core member of the EU
- High-tech infrastructure
- Leading world banks (ING bank, ABN Amro, Rabobank)
- Excellent international business climate
- 93% English-speaking natives
- Netherlands is a logistical hub as a gateway to Europe
- Qualified personnel
- Possibility of business immigration
The Netherlands’ economic climate
The Netherlands benefits from her membership of the European Union and ease of travel within the Schengen area. This provides for many opportunities as new trade routes and investments beyond the Netherlands borders can be established. It cultivates a competitive atmosphere and has a friendly business setting.
The Netherlands is known for its accessibility to large markets. The ports of Rotterdam and the Europoort port area are connecting international trade with the mainland of Europe, ‘’Europoort’’ is Dutch for: ‘’Gateway to Europe’’.
The country has maintained a 20th position as the largest economy in the world thanks to the Netherlandish trade mentality and strong transportation infrastructure. The Dutch workforce is stable, well-educated and fully bilingual, making it easy for recruitment purposes and dealing with other cultures.
Netherlands BV Besloten vennootschap
Dutch BV (liability company) is a type of company that according to the Corporate Law, can be registered with a minimum share capital of 1 EUR. There are several requirements that relate to the board of directors and local company headquarters that are required for what the local regulations call “Substance”.
To set up a Dutch BV takes about ten working days, however there is an expedited process that takes around three working days instead.
Required documentation will consist of a legalized and apostilled copy of valid identification and proof of address. A power of attorney is required to be signed with a notary for remote incorporation.
The company name should also be sent in advanced to check for availability. Capital Deposit is not required.
A personal visit is not a requirement and the procedure can be competed abroad, this also includes the application of banks accounts regardless of opening a bank account where it is compulsory for the director to be present.
Utilizing a Dutch BV as a subsidiary, corporate shareholders and directors
A Dutch BV may have corporate shareholders and directors. For the registration process the corporate shareholders must be verified and have the authority to sign the deed of incorporation. Furthermore an extract from the companies register of the corporate entity must be received from the entities which will act as shareholder or director. If registration is performed remotely, a power of attorney must be received in order to be signed on behalf of the shareholder or director.
The Dutch Foundation
The Dutch Foundation is an excellent vehicle for tax planning. Dutch foundations are used as commercial entities, tax free family funds and as holding entities. The foundation may hold shares and real estate, it is allowed to strive for profits. Dutch foundations can be tax exempt under certain conditions. Or can even be exempt from accounting or reporting requirements.
We will be able to assist you with aspects such as annual filing, maintaining corporate files in the company, liquidation services and much more as part of our secretarial services. Accounting services and registered office can be arranged as well.