Set up Company in Netherlands
Company formation in the Netherlands includes drafting the articles of association, drafting other documents such as specimen signatures, special forms or passport copies. Also, the procedure to set up a company in Holland includes arranging public notary documents, finding a registered office in Netherlands, setting up a bank account and hiring an accountant.
TYPES OF COMPANIES
- BeslotenVennootschap (B.V. - limited liability company) – this is the most common form for business chosen by foreign investors who come to Holland. A minimum capital of 18,000 EUR is required. This type of company needs at least one shareholder and a local office.
- NaamlozeVennootschap (N.V. - joint stock company) – foreign investors who seek to establish a large-sized company choose a joint stock corporation, which requires a minimum share capital of 45,000 EUR. At least one shareholder, a managing board and a supervisory board are necessary for establishing a Dutch NV. The capital is divided into shares, which can be transferred to the public freely.
- Dutch General Partnership (VennootschapOnder Firma - VOF) – this form does not have a legal personality and does not require a minimum share capital in order to be established.
INCORPORATION PROCEDURE IN NETHERLANDS
A Dutch limited liability company can be incorporated by one or more individuals or legal entities. A declaration of no objection is required from the Ministry of Justice in order to perform company formation in Holland and then the registration may proceed with the submission of the documents required. A legal representative appointed by a power of attorney can complete the procedure of company registration in Holland.
The notarial deed for company formation in the Netherlands must be translated in Dutch language if it is written in another language. The management structure must contain at least one director, regardless of his nationality or his residency.
After company registration in Holland, the company has to register for VAT if its activities are subject to the Value Added Tax system. It is compulsory that the legal entity has a registered office in the Netherlands for tax purposes. Setting up a Dutch company also includes opening a bank account in order to deposit its initial capital after receiving the registration certificate. It is advisable that the investor chooses a Dutch bank that fulfills his requirements.
After company formation in Holland and after starting the activity, a company may need employees. In order to recruit personnel in the Netherlands, internet websites and recruitment agencies can offer support and guidance for finding the best suited candidates for the jobs. The average salary that an employer must pay monthly in Holland to an employee is 2,500 EUR.
ECONOMIC OVERVIEW IN NETHERLANDS
Company formation in Holland is usually preferred by foreign investors due to the country’s stable industry and economy. The main industrial activity in the Netherlands is the food industry. Millions of foreign traders came to set up a company in the Netherlands during the last decades, contributing to the economic growth of the country. 32% of the foreign investors decided to set up a company in the Netherlands in the private sector, mainly the manufacturing sector. However, electrical machinery industry, as well as engineering products, chemicals, petroleum and construction are highly developed too. Nevertheless, the Netherlands is quite attractive for company formation in Holland due to its favourable relations with countries all over the world, especially Germany, Belgium, France and UK.
We also offer: Luxembourg Company Registration