The Netherlands represent a great jurisdiction for international entrepreneurs and foreign investors which to enter the Dutch market.
Here are the 10 points to open your BV (besloten vennootschap or Dutch limited liability company) in the Netherlands:
1. Choose a company name: The first step in registering your company in the Netherlands is to choose a unique name for your business. This name must not already be registered with the Dutch Chamber of Commerce (KVK) and should not be similar to existing company names.
2. Obtain a Chamber of Commerce number: The Chamber of Commerce number, also known as a KVK number, is a unique identification number assigned to all registered companies in the Netherlands. To obtain a KVK number, you will need to register your company with the KVK.
3. Register with the Dutch Tax and Customs Administration: After obtaining your KVK number, you will need to register with the Dutch Tax and Customs Administration (Belastingdienst) to obtain a tax number. This will enable you to file taxes and claim back any VAT on expenses.
4. Choose a legal structure: The Netherlands offers several types of legal structures for companies, including sole proprietorships, partnerships, and limited liability companies (BVs). Each structure has its own advantages and disadvantages, so it is important to choose the one that best suits your business.
5. Appoint a board of directors: If you have chosen a BV legal structure, you will need to appoint a board of directors. This board will be responsible for managing the company and making important business decisions.
6. Obtain licenses and permits: Depending on the nature of your business, you may need to obtain specific licenses and permits to operate in the Netherlands. For example, businesses in certain industries may require a food production permit or a waste management permit.
7. Open a bank account: In order to register your company in the Netherlands, you will need to open a bank account in the name of your business. This will be used for all financial transactions, such as paying bills and receiving payments.
8. Register for social security and health insurance: All employees in the Netherlands are required to have social security and health insurance. As an employer, you will need to register your company with the Dutch social security system and obtain a policy for your employees.
9. Register for VAT: If your company’s annual turnover is above a certain threshold, you will need to register for value-added tax (VAT) with the Dutch Tax and Customs Administration. This will enable you to charge VAT on your sales and claim back any VAT on expenses.
10. Keep accurate financial records: It is important to keep accurate financial records for your company in the Netherlands. This will enable you to file taxes, pay employees, and make important business decisions.
In conclusion, registering your company in the Netherlands may seem daunting, but by following these 10 steps, you can ensure that your registration process goes smoothly and that your business is set up for success. From choosing a unique company name, to obtaining licenses and permits, to keeping accurate financial records, these steps will help you navigate the registration process and get your business up and running in the Netherlands.
And don’t forget, you can always contact your Damalion experts. We will guide you through the process and ensure that your company is in compliance with all Dutch laws and regulations.
