What is a dutch bv? We will tell you and explain in this article!
An LLC or a limited liability company is called a Besloten Vennootschap in Dutch is what we mean by a dutch bv. The benefit of this type of company is that the shareholders are only financially liable for their investment in their company and not personally liable with any debt. This is one of the reasons why a lot of companies that are owned by the foreigners choose to have this type of company. The company’s equity is normally shared and owned between shareholders. Although the director runs the business, the shareholders hold the ultimate power.
How does it work? Normally, a supervisory board exist to monitor the board of director as two-tier board, or they can even be a part of the board of directors as single tier board. In a smaller type of BV, the director is the only shareholder since there is no legal requirements or guidebook at how many directors it should be for a BV to run.
How can you set up a dutch bv?
So, if you are wondering how much cash do you need to bring as share capital, we will answer your question on this part of the article. The Dutch government has erased the requirements for the BV in order to stimulate entrepreneurship in October 2012. The minimum amount of share capital used to be 18.000 euros and now it is at 0.01 euros. But before anything we will take you back to the very basic on how to set up a dutch bv since it can probably be confusing to see all the paperwork’s. Here is what you need to do.
- Get a civil – law notary
- Draw up status in a notarial deed
- Make a deposit
- Register your BV Netherlands to KVK’s Business Register (Handelsregister)
- Register your BV Netherlands to the Dutch Tax and Customs Administration
What we offer at Intercompany Solutions
We offer accounting, legal services, and we can help you to start your business or dutch bv in the Netherlands when you don’t know where to start. Our company aids with your procedure, representation, and formation of opening your new dutch bv. Do not worry when you trust us with your dutch bv, you will benefit in the owning and the trading of the company. As we said before, you will just need to sit back and relax as we do your company’s accounting, secretarial services and tax advice. At Intercompany Solutions, we provide services to make your life easier to apply all these requirements to start your business. Our full service includes accounting services, setting up bank accounts, bank account assistance, VAT number applications, legal entities, accountings, tax fillings, and every other legal aspect you need to start your dutch bv. If you are confused or don’t want to go through all the complicated process, we, Intercompany Solutions, are a perfect solution for you. Go to www.intercompanysolutions.com for more information about the Dutch Besloten Vennootschap or dutch bv. We would like to hear from you soon!
