Are you planning to start a new business in another country? More specifically, did you already decide to start your new company, or to branch out your already existing company to the Netherlands? Then you might have been feeling a little overwhelmed by the number of things you need to do. One company that offers services for a smooth process of setting up your Dutch company is Intercompanysolutions. Intercompany Solutions already has many years of experience with helping foreign entrepreneurs to set up their Dutch company successfully. One decision you will have make is what company you want to register your business as. The most popular company type is the Dutch BV.
What is the Dutch BV?
The Dutch BV is short for ‚besloten vennootschap‘, or a limited liability company. With this company type, all issues are registered privately and they can’t be transferred freely. The Dutch BV is established by at least one legal entity or individual. This person can be a Dutch resident or a foreigner, and they can act as an incorporator as well as the complete management for the company’s board. The advantage of this company type if that it can be registered from a remote location by the directors(s) and the shareholder(s). Having a secretary is optional, but if there is one, then it will not lead to a personal liability. However, the name of the shareholder will still appear on the company’s registration certificates as prepared by the Commercial Registry. All incorporators of the Dutch BV can choose the amount of share capital. For this, the minimum is set to 1 Euro.
In order to start your Dutch BV, you will have to prepare an incorporation deed, which will be drafted in the presence of a public notary and which then will be submitted to the Trade Registry and the Tax Office. Getting a Dutch translator is recommended, as this deed has to be prepared in the Dutch language. If you work with Intercompany Solutions, the name of your company will also be checked. They will see if your chosen company name for your Dutch BV is already in use as a commercial or trademark name.
The Dutch NV and BV
Now that you know what a Dutch BV is, you might wonder why this is more popular among foreign entrepreneurs and why the Dutch NV is not chosen more often. The Dutch NV is quite similar to the Dutch BV, except that is a public liability company.
- For the Dutch NV, a minimum capital of 45,000 EUR is necessary, while this is only 1 EUR for the BV.
- The Dutch NV is listed publicly while the BV is a private company.
- The Dutch NV is more suited for those who wish to start up a large business and to make much revenue quickly. Those who start a Dutch BV therefore are more often those who aim for a business on slightly smaller scale.
Setting up a new business can be an overwhelming task, so getting an experienced company to help you in this process might relief you of much stress. Intercompany Solutions will help you set up your Dutch company within 3 to 5 days.
