Are you thinking about setting up your company in the Netherlands? If you are, then it’s likely that you have a lot of questions, doubts and uncertainties. The Netherlands is an amazing country, and also a great place to start a new business. But, as it always happens, in order to do so you need to be well informed and prepared for all the requirements to go forward with the set up. In this article we will go more in detail into this, focusing on BV companies and all you need to know to incorporate Dutch BV.
A BV company, or private limited company, is a type of business with legal personality, that you can start by yourself or with a partner or partners. BV stands for besloten vennootschap, which literally means private company. In this sense, when you incorporate Dutch BV the company itself becomes liable for any debts, rather than just you individually. Nevertheless, it’s you or your partners who are acting as directors and also as workers when you incorporate Dutch BV.
The company’s equity is usually divided into shares, and each is owned by shareholders, who are also the ones who have the power of decision, even though the everyday work is done by directors and workers. For the BVs of smaller size, it’s common that the director is the only shareholder.
Key considerations for your next Dutch business
In order to incorporate Dutch BV, the fact is that if you take into consideration the key requirements and are well informed, you can do this in an efficient way. The main thing to be aware of is that you can’t incorporate Dutch BV yourself. For doing so, you are required to have the assistance and guidance of a civil law notary. To sum up, these are the four main aspects and requirements for you to take into account when thinking about BVs.
- Incorporate Dutch BV: this is done by getting the statutes into a notarial deed
- Be registered at the Dutch Tax and Customs Administration
- Be registered in the Commercial Register
- Deposit €0.01 as starting capital
As we have mentioned above, you are required to be assessed and assisted by a civil-law notary in order to follow up on all of these steps. In this sense, when building up your budget to incorporate Dutch BV, be sure to take into account the civil-law notary’s fees, which can be very diverse but, to give you an overall idea, can go from €500 and €1,000.
A great decision for growth and development
As you can see, to incorporate Dutch BV you don’t have to do things which are very complicated. Mostly can be solved and sorted out easily if you have an organized plan, a solid idea of budget and the required assistance of a civil-law notary. In this sense, starting your own company is something that can definitely be done and is far from being impossible or too difficult. Having the chance of taking over your own business can be a wonderful opportunity for growth, development and learning. Thus, with the right information and with proper organization, you are off for a great start of your own organization in the Netherlands. Need specific help? Go to setupyourdutchcompany.com