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Submitted by: Bogdan Vasilescu
Company formation in Netherlands
The Netherlands is known for a prosperous and open economy country having a jurisdiction that allows and encourages foreign investments. Forming a company in Netherlands has lots of advantages, including law taxes and governmental support. The process is fairly simple and doesn t require many procedures.
Preliminary activities before registering public and private limited companies in The Netherlands
An important step, before registration of a Dutch public and private limited company is opening a bank account and depositing the capital required. After verification, the bank gives a certificate that is used in the registration process. It is required that the name of the company isn t used by another firm. In order to ensure that this isn t the case, the incorporators must verify the uniqueness of their firms’s name at the Chamber of Commerce. This procedure is made via e-mail, and the response arrives in a couple of days. Another important step, prior to registration consists of submitting details of the founders and managing directors to the Ministry of Justice. After getting approval from the Ministry of Justice, the notary can execute the deed of incorporation. The deed must be signed and drafted by a civil law notary.
Registering with the local tax authorities in The Netherlands
A private or public limited company in The Netherlands must get a tax number, which can be accomplished by sending a registration form at the local tax authorities. The entrepreneurs must send a separate registration application for income tax. The applications are obtained at the local tax authorities, or on official websites, and consist mostly of the firm’s and member’s information.
Registering the private and public limited companies with the Commercial Register at the local Chamber of Commerce
The founders of the Dutch company can either visit the Chamber of Commerce and submit their application, in which case they get a registration number in a couple of hours, or send an application via e-mail, receiving the registration number within one week. The application form must contain certified copies of the deed of incorporation, approval from the Ministry of justice and a bank certificate showing that the capital has been deposited.
Setting up a Dutch company from abroad
The Dutch government has the same rules for both, foreign and national incorporators , ensuring equal and non-discriminatory treatment. Due to the fact that the forming procedures are available online, the physical presence of the founders is not needed. The whole forming procedure for a foreign investor is no different from forming a Dutch company .
How long does it take to found a Dutch company?
The minimum time period for company formation Netherlands is 10 days. However registration with the tax authorities may take up to one month and getting an approval from the Ministry of Justice may also take longer, up to 2 weeks. Usually a Dutch firm is ready in about one month.
BridgeWest provides formation of the following types of companies in Netherlands:
Besloten Vennootschap (B.V. – limited liability company) This type of Dutch company can have one shareholder, a managing board (director) and must maintain a local address (office) and a minimum share capital of EUR 18,000. This is the type of structure mostly preferred by foreign investors in Holland.
Naamloze Vennootschap (N.V. – joint stock company) This type of Dutch company can have at least one shareholder, a managing board + supervisory board, must maintain a local address and a minumum share capital of EUR 45,000 EUR.
Dutch General Partnership (Vennootschap Onder Firma – VOF) This type of structure does not require a minimum share capital, but it also does not have legal personality. The partners are each jointly and separately liable for the obligations of the partnership to the extent of their personal assets.
About the Author: Our attorneys will offer instant help with company formation Netherlands in matters of official registration, structure, financing, taxation, office registration. We handle both Dutch Limited Liability and Joint-Stock company formations.
bridgewest.eu/company-formation-Netherlands
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