How To Set Up A BV In Holland

How To Set Up A BV In Holland

A BV (Besloten Vennootschap) is the most common legal form for foreign companies expanding to the Netherlands. It is similar to a private limited company and offers many benefits including a tax system that is favorable for international business. Incorporating a BV involves drafting a deed of incorporation and articles of association in Dutch. You must work with a notary to ensure these documents meet the necessary requirements.

Choosing A Business Address

When starting a business, it is important to choose the right legal structure. This determines which taxes you have to pay and which liabilities you have. You can choose between a private limited company (bv or besloten vennootschap) and a public limited company (nv or naamloze vennootschap). A open a BV in Holland is the most popular choice for companies that want to establish themselves in the Netherlands. It has the same legal personality as an NV, but is more flexible and is often used as a holding company within international group structures.

A BV can also be a good option for freelancers, small businesses, or a partnership. However, you should be aware that if you end your BV, this may have consequences for permits from the municipality, financing, insurance, or pension funds. In addition, it may affect your company’s bank account. In this case, you should consider changing your company’s name. You can do this through a notary.

Getting Registered

A Dutch BV is an excellent option for entrepreneurs who want to operate their business remotely. It offers a flexible corporate structure and one of the lowest tax rates in Western Europe. The BV can be owned by one or more shareholders, who can be individuals or corporations. The company can also have a single director, who is the manager and major shareholder (in Dutch: directeur en grootaandeelhouder).

Directors of a BV may sign contracts and perform legal acts on behalf of the company. They can also give power of attorney to another person who will act on their behalf. A BV must maintain accounting records and prepare annual statements. It must also pay corporate income taxes and value added tax. A BV can be changed into a sole proprietorship or general partnership (vof) by amending the articles of association and having a deed of conversion drawn up by a civil-law notary. The change may have consequences for permits from the municipality, financing, insurance, and pension funds.

Getting a business bank account

Getting a business bank account in the Netherlands is an important step for entrepreneurs who want to operate their companies abroad. This type of account can give you instant access to money, debit card options and digital banking. Many Dutch banks also offer savings accounts. In order to open a Dutch bank account, you will need to submit several documents. These include proof of identity, a KVK number and information about your company. Depending on the bank, additional requirements may apply. For example, some banks require that you attend an in-person appointment to provide the necessary paperwork.

Some Dutch banks offer a Quick Scan that can help you determine whether you are eligible to open a bank account in the Netherlands. This scan is available to those who receive assistance from NFIA or another facilitator. It will check your eligibility for a business account within five days of receipt. However, the bank will still look at each application individually.

Getting A Tax Number

A Dutch BV, which is the legal structure most commonly used by foreign companies in the Netherlands and Belgium, is also known as a private limited company (besloten vennootschap met beperkte aansprakelijkheid). It is a type of business structure with separate legal personality that means you are not liable for its debts. It can be established with just one shareholder or with a large number of individuals and/or legal entities. BVs must keep records of their administration and produce financial statements based on these records. They must also file them with the Chamber of Commerce and the tax authorities. In addition, they need a BTW Number to charge and reclaim VAT.

If you plan to conduct business Opening a virtual office in Holland, you should consider setting up a BV, which has one of the lowest corporate taxes in Western Europe. Incorporating a BV is a great choice for businesses with a high turnover or investors. If you are a freelancer or small business, however, the eenmanszaak might be more suitable for your needs.

Conclusion

A BV, or besloten vennootschap, is a private limited company with legal personality. Its own assets are liable for its debts, while directors and shareholders are not personally liable. Set up a BV by working with a notary to draft the deed of incorporation and articles of association. Maintain ongoing compliance with Dutch business legislation and tax regulations.