Netherlands company formation procedure that you should know before you start your company
The Netherlands is the place for lots of commercial activities which occur. It provides world-class infrastructure and transportation facilities that attract more investors. A company in the Netherlands is required to register with the Commercial Register of the Chamber of Commerce, to show up as a VAT payer in the Netherlands, just as for other economic obligations. Every business legal establishment needs to apply for VAT and it is a compulsory process that has to be taken. There are many reasons that you should think about the Netherlands such as openness to foreign investment, several types of business entities, quick incorporation procedure, and low registration cost.
It has one of the best tax systems in the world and most of the dealings can be carried out online. There are various entities that you can open in the Netherlands –
The general partnership
The Dutch BV
Dutch limited partnership
Professional partnership
Public liability company
Branches
The first and foremost step related to setting up a company in the Netherlands, such as Dutch BV, is having the company’s legal documents drafted and notarized.
reserve a unique company name, which must be unique and must fulfill the legal necessities imposed by the Commercial Law ·
submit the deed of incorporation and the Articles of Association(AOA) with the Trade Registrar,
Get a registration number with the Commercial Register in the Netherlands,
Register with the social security authorities and with the pension fund for work purposes.
register with the tax authorities
Dutch VAT invoicing requirements any company, foreigner, and local citizens applying for a VAT number with the Dutch authorities will have the compulsion of displaying this number on each invoice they issue. It also requires filing VAT reports with the local tax office. All invoices must hold exact information about the VAT-
the client’s VAT number;
the seller’s VAT identification number;
a description of the goods/services sold;
the net amount subject to VAT;
the VAT rate;
the amount due as a VAT;
the amount with the VAT included
Company formation in the Netherlands is the most chosen location for many entrepreneurs. It also provides a favorable business regime and incentives for companies. We can provide you with in-depth knowledge of company formation procedures in the Netherlands. If you need any guidance on opening companies in the Netherlands contact our International Market Entry Specialist team today.
Contact us today for detailed information.
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