Banks and other financial companies in the Netherlands fall under the governance of the Financial Supervision Act, as well as under all related EU Directives. The following types of financial companies can be set up under the Dutch Financial Supervision Act:
All these types of Dutch companies are subject to specific licensing requirements, according to the services they provide.
The licenses for financial companies operating in the Netherlands are issued by the Authority for Financial Markets (AFM). Banks operating in Holland are required to obtain their licenses with the National Dutch Bank (De Nederlandsche Bank, DNB). The Dutch AFM and DNB will issue licenses for the following types of financial activities:
There are several steps to open a financial company in Holland. The first step is to register the company with the Dutch Companies Register and then submit an application with the business plan with the DNB or the AFM. After the DNB or the AFM approves the business plan, one must prepare and submit the following documents:
Considering there are various application forms to be submitted depending on the type of financial company to be registered, it is best to verify exactly what documents must be prepared. You can contact our Dutch agents for assistance is preparing the necessary paperwork for opening a financial company. We can also help you if you need a software for recovering double payments that may occur at your company.