How to set up a BV in the Netherlands
When you are looking to start a business internationally or locally, some of the things you consider when choosing a country or jurisdiction are the ease of doing business, tax rates, shipping ports, transportation facilities, electricity supply, and so on. One of the best countries toa do business in is The Netherlands, as it offers all the above and more. If you are establishing a Dutch branch of your business or are starting up a Netherlands business, you must register your business with the Chamber of Commerce, and you can register as a BV in the Netherlands: a ‚besloten vennootschap‘ (BV).
What is a BV?
In the Netherlands, there are several options, one is the BV. A private limited company or a besloten vennootschap, is a business structure with a legal identity, that is liable for any debts incurred rather than the individual owner (s). The owners or directors are employees of the BV and can act on its behalf.
Starting up a BV in the Netherlands makes you liable for Dutch taxes, such as corporate income tax, payroll tax, value-added tax, etc. After you register with the Chamber of Commerce, your details are forwarded to the tax office, which will then assess the company for the taxes you will be required to file annually. Companies registered in the Netherlands are mandated to pay corporate tax (between 20% and 25%), dividend tax (between 0% and 15%), value-added tax (between 6% and 21%), and other taxes related to the activities they are involved in. These rates are subject to change, and it is recommended to verify them when you want to incorporate your BV in the Netherlands.
Setting up a BV in the Netherlands has several benefits including:
- Privacy using nominees
- No minimum authorized capital
- Shipping hub
- Minimum of one shareholder
Nominee shareholders and directors can be assigned, registered and used to protect the privacy and identity of the actual shareholders. Since 2012, Netherlands corporations no longer have to declare a minimum authorized capital value, allowing them the flexibility to start with whatever amount they have at hand. The Netherlands has one of the best shipping ports in the world, making it a great transportation hub for moving goods. The Netherlands has also signed double taxation treaty agreements with many countries including the United States so that you do not end up paying double taxes on the same income. Intercompany Solutions is your best choice to help you with that. Your answer will be answered quickly, always.
What company can you trust to set up a BV in the Netherlands?
You can trust Intercompany Solutions if you want to set up a BV in the Netherlands. The Intercompany Solutions group is made up of corporate service providers, local tax advisors, accounting specialists, and lawyers working together to provide all the services you will require to incorporate and establish your BV in The Netherlands. They help you with opening bank accounts, secretarial and management support services, accounting and business development, residency applications, tax services, and so on. Reach out to them on their website – intercompanysolutions.com to set up your BV in the Netherlands today.
