We provide everything you need when it comes to the formation of your business in the Netherlands, including remote company incorporation, bank account opening, VAT number applying, reporting and accounting and other services.
For starters, you need to choose a legal structure. There are several types of companies:
- Private Company with Limited Liability – Besloten Vennootschap (BV)
- Open Company with Limited Liability – Naamloze Vennootschap (NV)
- Limited Liability Partnership – Commanditaire Vennootschap (CV)
- Association – Vereniging
- Trust Company –Stichting
- Fund -Stuck
A Dutch BV (limited company) is the most popular type of company in the Netherlands for foreign investors. This company can be registered with a minimum authorized share capital of 1 EUR. According to the latest changes, the shareholders’ liability is limited to capital contribution. A Dutch BV is deemed tax resident by law in the Netherlands. BV shares, as a rule, cannot be freely transferred due to restrictions on the transfer.
A limited company in the Netherlands must have at least one corporate shareholder and one director. The minimum number of shareholders of a Dutch BV is one and the maximum is unlimited. If a company has more than one shareholder, then it is managed by the Board of Directors. The Articles of Incorporation may provide specific regulations regarding the absence or the inability to act of all directors. The articles of association may grant shareholders the right to give specific instructions to the management board.
Companies are required to keep accounting records, submit financial statements, tax returns, annual report and to audit its annual financial statements. There is no currency control.
Registration of annual financial statements is required. Audit of financial statements is also required. Required disclosure of income in the balance sheet and annual report. Currency control is absent. The Dutch company must register a VAT number, which facilitates transactions within the EU, and allows the use of the so-called reverse mode. There is no requirement for a Dutch BV to have a company secretary or a local registered agent. We advise our clients to have a registered agent who will provide a nominee service, a legal address, help in filing document, provide secretarial services and facilitate the use of the company for your business.
The annual fee is 50 EUR – must be paid to the Chamber of Commerce upon registration.
A Dutch BV is perfect for holding companies for tax purposes, for trading and transport companies. If the entrepreneurs who open the Netherlands LLC want to create a holding company in the future, they will need the help provided by the local Trust Company.
The company can be registered within 2 working days, but usually, it takes 7 working days. Remote registration takes a total of two weeks.