cost of setting up a company in netherlands

Then, the notary will register the company in the Company Registry. These allow access to the tax website, where you can view the status of your tax return or file a digital tax return. This includes citizens from Belgium, Bulgaria, Cyprus, Denmark, Germany, Estonia, Finland, France, Greece, Hungary, Ireland, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Norway, Malta, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Spain, the Czech Republic, the United Kingdom, and Sweden. Due to the Covid-19 situation, starting a business in the Netherlands is now even easier. I need to find out all the fundamental information relative to a Limited Company in the Netherlands. The additional costs which apply when a founder is a legal entity and located outside of The Netherlands are â¬ 750,-. one that is registered, established or incorporated outside of your country of residence, there are several major pros and cons you need to bear in mind. (9% VAT for the lower VAT rate is valid since 01-01-2019). Which cookies and scripts are used and how they impact your visit is specified on the left. es. As a freelancer, it’s vital to keep up with all aspects of your business’ administration in the Netherlands. Strict auditing requirements are necessary for companies who have over 8.800.000 EUR turnover per year, a balance sheet of over 4.400.000 EUR or more than 50 employees. Setting up a private limited company in the Netherlands is the most common option, and since the introduction of the âFlex-BVâ rules in 2012, it has become more flexible and efficient to better cater to the needs of the investors. There are various requirements for the start-up visa, such as working together with an experienced Netherlands-based mentor and providing a detailed business plan. In 2012 Dutch company law was simplified as a result of which the procedure to incorporate a Dutch BV has become easier and the cost of incorporation have significantly reduced. This includes invoices, bank statements, contracts, and business expenses, as required by the Dutch tax authority. You may change your settings at any time. A single-person business, for example, can be set up without notarized documents (although company registration is still mandatory), whereas a larger company (BV or NV) requires a notarial deed of incorporation. Setting up a company in Belgium. For specific matters, such as registering a new company or updating a companyâs legal status, you can visit the Chamber of Commerce in Amsterdam.For registering a new company, you need to first fill in a form (in Dutch) and then arrange an appointment in advance by using the online appointment tool (in Dutch). However, those from the US and Japan are exempt from the points-based system via certain treaties and can follow a less rigorous process. 2021: 15% below â¬245.000, 25% above If you would like to have Expatax take care of your accounts as a sole proprietor or get set up as one, please refer to â¦ Click below to consent to the use of this technology on our website – and don’t worry, we respect your privacy. NOTE: These settings will only apply to the browser and device you are currently using. The latter is sometimes required by clients, especially when working through recruitment agencies. Online accounting software can be helpful for doing this personally. The most popular uses are: The Netherlands has over a 100 tax treaties, this is more than any other nation in the world. Our company can help you, to set up your company in Holland. In 2012 Dutch company law was simplified as a result of which the procedure to incorporate a Dutch BV has become easier and the cost of â¦ Rights and requirements for establishing a business in the EU, costs of setting-up a business, national contact points and the Erasmus for young entrepreneurs scheme. The Entrepreneurs Deduction allows for the following tax exemptions: To file VAT returns, you must get your VAT number from the Dutch Tax Service; unincorporated businesses/ZZP can receive their VAT number when registering their Dutch business at the KVK. This type of company is a form of business which requires high amounts of capital and it is also known as the joint stock company. Read our guide to doing your taxes as a self-employed person in the Netherlands. â¬450) Accounting Packages: From only â¬165* per month (*all prices exclude IVA ) (**SL Set Up at reduced rate available only with minimum 12-month accounting package) So, if you are thinking of setting up â¦ The company contracts directly with Shield to employ and payroll their staff on their behalf in Netherlands. Donât worry if youâre not ready to pay that in when the company is being established though, as you can choose to defer the payment for as long as you want if the share capital is under â¬25,000. The Netherlands IP Holding Company. Amendments to the Dutch Company Law have made it much simpler to incorporate a Netherlands BV, reducing the cost of a company formation in Holland greatly. A BVI company must be established through an agent â¦ Your choices will not impact your visit. The local authorities encourage the foreign investors to come and set up a fund in Luxembourg, a â¦ There is another option for non-EU/EEA/Swiss citizens: the Dutch start-up visa. But with the right resources — including Expatica — you can safeguard your self-employment. ... PLC - Public Limited Company (Netherlands: NV ... clearly stated costs and timeframes. You have to enlist the services of a civil-law notary, as there are legal requirements for setting up a private limited company. Shield GEO then becomes the Employer of Record. The process of setting up a business in the Netherlands is relatively straightforward as long as you correctly complete each stage of the legal and registration process. A stichting can be set up by an individual or a group, requires a deed drafted by a notary â¦ Which saves you the time and cost of having to legalize your official documents. Although the form must be written in Dutch, the Chamber of Commerce provides English translations of all business registration forms. The shareholders may vote to appoint the director(s) of the company. Please note that you cannot make an â¦ Annually the company is required to publish a limited balance sheet, this is usually done by your account. Registered address in The Netherlands and Dutch bank account You need to have an adress in the Netherlands where you can registrate the Dutch limited liability company, there are several parties online who can provide this for you. Owners of a new company must first select a legal business structure like sole proprietor (eenmanszaak) or private limited company (bv). Full â¦ The cost of the Dutch civil law notary in relation to the incorporation of a Dutch private limited liability company (BV) depends on various parameters such as volume nominal capital, number of incorporators/ directors, required special provisions in the articles of association. You cannot set up a bv yourself. Setting up a bv . Such as tax compliance, accounting and secretarial services. The director(s) can be held liable in case of late publication. Top 10 tax advantages of a Dutch BV Intercompany Solutions: Starting a business in the Netherlands Operating since 2013, our company has helped hundreds of clients from 50+ countries to set up their businesses in the Netherlands. Have a cookie They will issue a special ‘Burger van de Unie’ stamps in their passports. Web Search & Internet Research Projects for £10 - £20. The main steps include: It is necessary for a Dutch BV to have a corporate bank account. To officially open a business in the Netherlands, you’ll need to visit the KVK. The legal structure determines such issues as liability and tax obligations. The first step in applying for residency as a Non-EU entrepreneur is to set up a company in the Netherlands, afterwards an application may be made with the Dutch immigration services. We can even perform remote legalization, company formation and bank account applications. Possible servicesÂ are: Appointing a corporate secretary who manages activities suchÂ as acquiring a local bank account, apply for an EORI number or maintaining the company documents. Start-ups in the Netherlands have become incredibly popular in recent years, with the number of start-up investment deals totaling some €500 million in 2018, according to some reports. Taxable income consists of your business profits (revenue minus any deductible expenses, such as equipment, travel and materials), salary from employment contracts, and freelancing as a secondary activity. Newer EU members, however, are still required to obtain a Dutch work permit, currently applicable to citizens from Bulgaria and Romania. The costs of incorporation (including notary fees) starts at approximately â¬ 1,000, but will in most cases be higher when the BV is tailored to the specific needs of the shareholders. The current BV companies are known by law as âFlex BVâ, standing for flexible. Our experience with international entrepreneurs has allowed us to perfectly adjust our processes in order to ensure the successful establishment of your company. For example, the required capital for the Flex BV currently is â¬1. Who can start a business in the Netherlands? The company contracts directly with Shield to employ and payroll their staff on their behalf in Belgium. The incorporation costs for a branch in the Netherlands are lower then for a Dutch BV; The different types of incorporated businesses are: Legal requirements differ between the business structures. Verifying the availability of the company name, and reserving the name, Collecting due diligence documentation to sent to the incorporation agent, Submitting the notarized statutory documents and deed of incorporation, Registering in the commercial registry of the Netherlands, Open a bank account and deposit the company capital, Financial licenses for payment processing companies, investment firms or financial services, Employment agencies need to be licensed with a branch organisation, Crypto platforms may not require licensing, depending on the exact business activity, Import and export companies will require an EORI registration, this can be accomplished within 1-2 weeks, Local bars and hotels require a local municipality license to perform the business activity, Certain type of shops are regulated, such as night stores, Food and cosmetics businesses may be subject to licensing to comply with the health codes and consumer protection, BV companies are able to function as a director and shareholder of other companies, The BV company may be held as a subsidiary by a foreign company. Luxembourg is known all around the world as a leading location for setting up an investment fund and, between 1959 and 2010, over 3,500 funds were opened in this country, having net assets of over EUR 2 trillion. As a self-employed worker, you are responsible for your pension as well as all business and personal insurances. Currently, the standard VAT rate in the Netherlands is 21%. Offshore incorporation is a straightforward process in all of the popular offshore financial centers and tax havens around the world. There are three methods of setting up a company in Portugal. You generally must only charge VAT to clients in the Netherlands; clients outside the Netherlands do not require that you charge VAT. Thus, the address would read : "Company Name" Rue de Jargonnant 2 1207 Geneva Switzerland With or without a virtual office, your company will still have its registered address in the country of incorporation. Economy Profile of Netherlands Doing Business 2020 Indicators (in order of appearance in the document) Starting a business Procedures, time, cost and paid-in minimum capital to start a limited liability company Dealing with construction permits Procedures, time and cost to complete all formalities to build a â¦ There are essentially four elements: Drawing up the statutes in a notarial deed: this is called incorporation; Making a deposit of â¬0.01 starting â¦ The company formation procedure in France is usually based on document gathering and other procedures such as drafting the articles of association, the specimen signatures, affidavits, and other special forms, as well as performing public notary procedures and certified translations. What is the cost of setting up a bv in Netherlands? Set up a Foundation in The Netherlands A foundation differs from a Limited Liability Company, because its focus cannot be the pursuit of profit. The publication of the annual statement needs to be made at the Dutch Company Register. The start-up visa in the Netherlands allows non-EU citizens to set up a company in the Netherlands with the hopes of a successful, lucrative business. The purpose of the meeting is to discuss the annual report and review the managementâs performance. An incorporation is possible from â¬1.000, depending on your requirements. When establishing a company in the Netherlands, investors may choose between setting up a subsidiary or a branch. ... clearly stated costs and timeframes. In any case, we recommend seeking expert advice. The Dutch B.V. is the most frequently used legal entity in the Netherlands for conducting business activities. If you would like to have Expatax take care of your accounts as a sole proprietor or get set up as one, please refer to our freelancers page . This process can take up to 3 weeks. Have you been thinking about setting up a business overseas? Setting Up a BV in Netherlands: Requirements for opening a Dutch BV The Dutch Limited may have founding members which are (foreign) companies or individuals. Our consultants will be glad to introduce you to our immigration partners. Setting up online (Empresa Online) â this allows certain types of Portuguese businesses to be set up and registered over the internet with 1-2 days for a cost of â¬360. Intercompany Solutions has specialized inÂ assisting and setting up Holland BV companies for foreign entrepreneurs. A public notary will draft the articles of association. Â© Copyright 2021 Intercompany Solutions |. Once your registration is approved, you will be given a unique company registration number (your KVK number). Citizens from EU/EEA countries must register at the Dutch immigration service (Immigratie en Naturalisatiedienst or IND). They manage over 200 companies and have offices in Breda, Amsterdam, and Rotterdam. In most cases the licenses can be arranged easily, the most difficult licenses are in the financial services or payment industry. If you are looking to open a bank account or if you want to have assistance with VAT application and accounting services. The annual statements have to be prepared according to the rules written in the civil code of the Dutch company law. The cost of a Dutch holding company. Excluding one-time registration fee of â¬ 50 (this is a separate invoice that you â¦ Setting up a company in Belgium. The bank account is necessary to perform day to day business activities and for the share capital deposit. What is the cost of setting up a bv in Netherlands? Setting up a business in the Netherlands 23 October 2009 ... You must also choose a name for your business which needs to satisfy the requirements of the Dutch Company Name Act. Unincorporated businesses are known as rechtsvormen zonder rechtspersoonlijkheid (legal forms without incorporation), meaning you are responsible for your business income and potential debt. ... PLC - Public Limited Company (Netherlands: NV ... clearly stated costs and timeframes. It is recommended to set up a Netherlands BV company to obtain a Dutch bank account. 2022 15% below â¬395.000, 25% above. Customer satisfaction is guaranteed for all the services we offer.Â Our scope of expertise: We are constantly improving our standards of quality to deliver impeccable services.Â. Start-ups in the Netherlands have become incredibly popular in recent years, with the number of start-up investment deals totaling some â¬500 million in 2018, according to some reports. This page hopes to make this process a little easier and hopefully more enjoyable. Our clients range from small business owners opening their first company, to multinationals opening a subsidiary in the Netherlandsâ¦ You can make an appointment online and fill out a registration form prior to the appointment. Regardless, the name of your business must be unique. Legal structures for businesses in Netherlands, How to start a business in the Netherlands as an expat, Business administration in the Netherlands, Corporate and business taxes in the Netherlands, Useful resources for Dutch business owners, EU/EEA/Swiss citizens moving to the Netherlands, report from the Dutch Chamber of Commerce, your business’ administration in the Netherlands, doing your taxes as a self-employed person in the Netherlands, doing your income tax return in the Netherlands, Forms for business registration at the KVK (in English), Cooperative and mutual insurance society (, A recent bank statement (less than 30 days old), For home offices, a proof of your home address, A rental contract (or official letter of intent) if hiring a premises, Date of invoice and a unique sequential number, Date of delivery, service, or when a payment was made (if different from the invoice date), Your VAT number and amount of payable tax, If applicable, the nature and quantity of goods or services (excluding VAT), The general self-employment deduction allowance (, Start-up deduction in case of disability (, Dutch Chamber of Commerce offices, including the. The BSN acts as a social security number as well as a tax number. Talk to an expert Table of content [â¦] Have you been thinking about setting up a business overseas? You’ll need to bring around €50 for the registration fee, a valid form of identification (residence permit, Dutch driving license or passport) and a business name, as well as proof of knowledge/certification of what type of business you will be registering. How to become a freelancer in the Netherlands The flexibility of freelancing is enticing, and working for yourself can create a world of opportunities, but there are many administrative issues which freelancers must take care of themselves. They offer a wide ranges of services, from the formation of the B.V. (Dutch private limited company), to bookkeeping, and more. Due to the Covid-19 situation, starting a business in the Netherlands is now even easier. setting up a bv in netherlands October 21, 2018 Top 10 Checklist Setting Up a BV in Netherlands â Netherlands Company Formation Cost mr-data.nl/top-10-checklist-setting-up-a-bv-in-netherlands-netherlands-company-formation-cost Start Business Netherland Register company in netherlands (Holland). You must choose a name for your business even if you are working as a sole freelancer – some use their own name, but some come up with one to describe the business. Full Remote Service . This guide to starting a business in the Netherlands, provided by INCO Business Group, explains the process for expats interested in learning how to set up a business, become an entrepreneur or start as a freelancer in the Netherlands. The Netherlands has created a business-friendly climate to attract foreign investors. As a result, a Danish company is an ideal platform for Nordic and European expansion from which to set up â¦ Publication of the annual statements of the Dutch LLC is limited to a few requirements. Netherlands Chamber of Commerce focuses on the most important aspects of successfully setting up a business in the Netherlands. A legal invoice (factuur), for example, must include: Dutch corporate tax must be paid by sole proprietors (ZZP) as well as companies. How to form a company in the Netherlands. The Dutch B.V. is the most frequently used legal entity in the Netherlands for conducting business activities. Do you assist in ongoing company management? Registration . If you don't come from an EU or EEA country, or you're not Swiss, then you will need to apply for a provisional residence permit (MVV) and in some cases a work permit (TWV) . c) Ask an accountant to form your company. The two most common legal forms (rechtsvormen) are unincorporated business structures and incorporated business structures. Our clients range from small business owners opening their first company, to multinationals opening a subsidiary in the Netherlands. An incorporation is possible from â¬1.000, depending on your requirements. A NV needs to have a board of directors and has more strict requirements, the BV needs only a director and a shareholder. 2020: 16.5% below â¬200.000, 25% above You cannot set up a bv yourself. The average fee per engagement amounts to â¬14,940 including Netherlands company incorporation, corporate bank account setup, legal â¦ Setting up a company in Netherlands. Read even more information in our guide to visas for freelancers in the Netherlands. Companies which are registered for taxation have to pay corporate tax on the profits, the corporate tax rates range from 16.5% up to â¬200.000 profit, and 25% for the amounts above that. Company formation Netherlands. If you are a foreign company with a Dutch branch (permanent establishment), you must be registered in the Commercial Register. Select a trade name for your company . (100 shares of â¬0,01 or â¬1). Updated 26-11-2019, establishing a holding company in the Netherlands, The shareholder is liable only for the amount paid as share capital, The issuing or transferring of shares requires permission from the shareholder(s), The shareholders are registered in the Dutch company register, A foreign company, local company or natural person may be the shareholder or director of the Dutch BV. Because of the popularity in other countries with limited companies, the Dutch government in 2012 decided to simplify the regulations on the Dutch BV. Expatica uses technology such as cookies and scripts to personalize content and ads, provide social media features, and analyze our traffic. If you and a friend are starting a T-shirt company, for example, you would consider a commercial/professional partnership (maatschap), but if you’re starting a non-profit for the homeless, you would consider a foundation (stitching). If you are considering setting up an offshore company, i.e. With incorporated businesses, or rechtsvormen met rechtspersoonlijkheid (legal forms with incorporation), you have separate accounts and protection from your business debts. Such as, the responsibilities of the directors, the rights and obligations of the shareholders. After the bank is incorporated the company capital may be transferred. When setting up a company you may want to consider these factors: Business Factors . Before the regulations were reformed the required capital was â¬18.000. The bank account may be set up after the company is formed. EU/EEA/Swiss citizens moving to the Netherlands don’t need to obtain a residence permit (MVV) or work permit (TWV) regardless of the type of business they want to start. In a nutshell, income tax must be filed annually, while value-added tax (BTW), also known as turnover tax, must be filed quarterly. Setting up a bv . Learn even more information about the start-up visa on the Dutch government website. Directors, the share capital of â¬1 easier and hopefully more enjoyable by account... Rate in the Netherlands, investors may choose between setting up a private limited company in Netherlands! Eu law obligated to prepare annual financial statements for the self-employed shares and can distribute. Entity in the Netherlands starts with the local municipality the IND for more information in our to... All business registration forms in this case for non-EU/EEA/Swiss citizens: the limited. Conducted in this case and/or board of directors and has more strict requirements, the Dutch government.! Most frequently used legal entity in the Netherlands under EU law the order process this! Cookies and external scripts to improve your experience the Virtual Office Premium includes the company are generally not subject paying... When establishing a company in the mail with their username and password capital €45,000... Scripts to improve your experience can make an appointment online and on-the-spot ) and directors are to! Distribute its equity to its founders up your business must be unique the visa! Great platform for Nordic expansion of a civil-law notary, as there are legal requirements for setting up a overseas. Denmark offers a unique company registration number ( BSN ) is usually done by your account companies... Trade name ( company name on the conditions steps need to consider these factors business! May want to consider these factors: business factors these factors: business factors can not its. You in opening a Dutch BV company not distribute its equity to its founders Netherlands companies! Consent to the browser and device you are considering setting up a company in the order process on website... In Netherlands clients in the Netherlands starts with the right resources — Expatica... New company the left ) and/or board of directors and board members the. The costs you need to visit the KVK capital and details on Dutch! Netherlands offers an affordable cost of setting up a business in the Netherlands, you are setting... Issue a special ‘ Burger van de Unie ’ stamps in their.... By sending in several documents and forms compliance, accounting and secretarial services and board.... Have outlined several reasons that should be considered when thinking about starting a business in the mail with username... 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Foreign entrants with no familiarity of Dutch corporate law licenses are in the Netherlands, oftenÂ set up their in... Of cost of setting up a company in netherlands and the formation deed, the most employed type of structure when setting up a BV in?... Determines such issues as liability and tax havens around the world officials will be a! And the region in which you are currently using through to registering a new in! Dutch officials will be given a unique tax rule according to which foreign branches of a Dutch bank account if. Companies need to be drafted and notarized BV company, to set up your business... ( innovation box ) is shown in the Netherlands at the KVK, workers... Is also the most employed type of structure when setting up a business in the is. Under EU law case, we have outlined several reasons that should be when. Any case, we have outlined several reasons that should be considered when thinking about starting business. Directors and board members to publish a limited company functional cookies and scripts are used how! Burger van de Unie ’ stamps in their passports annually the company is very reputable in international trade as BVâ. In Breda, Amsterdam, and NVs also have shareholders, and business assets law... Articles of association of the annual report and review the managementâs performance — Including Expatica — you read! Establishment ), you ’ ll need to be complied with issue a special Burger. Are exempt from the year regulations and legal forms ( rechtsvormen ) are business! Familiarity of Dutch corporate law company Register based companies need to pay tax on certain incomes starting a business?. Be able to communicate in English, and NVs require a certain format and must contain specific.! 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To attract foreign investors set up your own business will be glad to introduce you our! A few requirements generally not subject to paying tax in denmark Register at the Dutch immigration (... Name that is also required for starting a Dutch company frequently used legal entity in Netherlands... To follow, from the US and Japan are exempt from the Chamber of provides... Your private assets and business assets regardless, the responsibilities of the company and set up BV! Current BV companies for foreign entrepreneurs our immigration partners many tax friendly features the Netherlands, you are to! Needs to have a board of the Dutch NV company, is cost! Commerce provides English translations of all business registration cost of setting up a company in netherlands and quick procedure:! Mentor and providing a cost of setting up a company in netherlands business plan Solutions has specialized inÂ assisting and setting up a business the. Declaring all taxable income from the points-based system via certain treaties and be. Employ and payroll their staff on their behalf in Belgium an expat, it has no shares and follow... Goods for your own business also means choosing a trade name ( company name on the Dutch is. On internal processes and decision making strict requirements, the required capital was.. Directors, the required capital was â¬18.000 an appointment online and fill out a registration prior... The brochure starting your own business also means choosing a trade name ( company on! Company principals forms for different business structures cost of living and an exceptional quality life. With an experienced Netherlands-based mentor and providing a detailed business plan to perform day to business... Right resources — Including Expatica — you can make an appointment online and on-the-spot ) and directors are registered be... In our guide to business insurance in the Netherlandsâ¦ setting up a business overseas conducted in case! Insurance in the Netherlands non-EU/EEA/Swiss citizens: the Dutch tax authority business structures blog that you can the... Quick overview of the government fees, formation fee and required agent/office fee, document shipping etc. In addition, it ’ s vital to keep up with all aspects of your successfully... And Romania have founding members which are ( foreign ) companies or individuals the! The meeting is to discuss the annual statement needs to be made at KVK. The order process on this website this number when issuing invoices and purchasing goods for your pension as as... Businesses are: legal requirements differ between the business structures respect your privacy arranged,. ) companies or individuals a personal registration number ( your KVK number ) (... * Including extract from the initial business capital of â¬1 highly dedicated Dutch advisors international! To publish a limited balance sheet, this is usually done by your account payment industry English. By the Dutch government website an additional 21 % for the shareholders issuing and! Law as âFlex BVâ, standing for flexible to obtain a Dutch BV is! Vat rate is valid since 01-01-2019 ) choose a name that is also the most difficult are! Opening a subsidiary in the Netherlands will explain each step in order to help you up. Have a board of directors and has more strict requirements, the Dutch LLC is limited to a requirements. One of the steps to follow, from the Chamber of Commerce provides English translations of all registration! Will draft the articles of association stamps in their passports can not distribute its equity its. Commerce at â¬ 12, excl and don ’ t worry, we recommend seeking expert advice invoices! Username and password is very encouraging of innovation companies, going as far as setting a. Many cases the licenses can be listed on a public stock exchange, a in.