If you have an interest in making money, you should be interested in setting up a company in the Netherlands. It may sound complicated, it may sound as though it will cost you more time than you have available, it may even sound like it may be legally questionable, including problems with the tax office. I can tell you that none of that has to be true. Sure, there are certain things about setting up a company in the Netherlands that you should not be attempting to do on your own if you are not an expert, or experienced in the process. Still, with the right help, setting up a company in the Netherlands can put you and your business in a much better position in the future. Corporate taxes in the Netherlands are noticeably lower than in much of the rest of Europe, and the legal and financial cooperation with Great Britain and the European Union is exceptionally well organised. Your business can have fantastic free access to a huge range of markets, which may be particularly significant depending on the outcome of Britain’s upcoming split from the European Union in the coming months. If you have any possibility at all, you should certainly consider taking the plunge.
Requirements for setting up a company in the Netherlands
As I stated above, the process of setting up a company in the Netherlands is not something that a complete novice should attempt without some kind of expert guidance. At the same time, the requirements really are not as complicated or onerous as you might expect. To start a Besloten Vennootschap, or BV, equivalent to a Limited Liability Company in Great Britain, you will need:
- A share capital deposit of at least 1 euro;
- One or more director, who may also be shareholders;
- A Dutch business address.
If you fulfil each those requirements, you are well on your way to setting up a company in the Netherlands. It is, however, the registration process which can cause problems, particularly if you are not a native Dutch speaker. You must reserve your company name, fill in and submit notarised deeds of incorporation and statutory documents, register in the Kamer van Koophandel, or the commercial registry, register you company with the tax office and have bank account with the minimum required capital. While none of these steps is individually particularly difficult, the administration and organisation involved can be very time-consuming, particularly if it is your first time going through the process. Even after setting up a company in the Netherlands, there are some standard requirements, both legal and financial, that must be met, which again may require outside assistance from people with specific experience in the process and preferably your specific circumstances.
Getting help with each step of the way
If you make the sensible choice and decide on setting up a company in the Netherlands, there are many companies out there willing to help. I personally have had particularly good experience with Intercompany Solutions, a company specialised in exactly this process. Their website, www.intercompanysolutions.com, details much of their experience, offers practical advice and answers many of the questions that you may have. I would recommend contacting them directly before setting up a company in the Netherlands to find out exactly how they can help to make the entire process as smooth and easy as it can possibly be, so that your business is up and running and earning you money as quickly as possible.