business license netherlands

Offshore incorporation is a straightforward process in all of the popular offshore financial centers and tax havens around the world. Take advantage of their unique start-up process and enjoy the support of a network of local companies from day one. This is not always the case, for example in case of dividends payments to European corporate shareholders. The BV is a very flexible legal entity, allowing you to structure the company in various ways while protecting your business in The Netherlands. We prepared a step by step guide just for to help you set up your Corporate Income Tax Return. It is sometimes possible to deviate from the rules of the Activities Decree with 'customised rules'. With incorporated businesses, or rechtsvormen met rechtspersoonlijkheid (legal forms with incorporation), you have separate accounts and protection from your business debts. Find the contact details of the Dutch notaries in our Dashboard. If a Dutch BV has made a profit, and paid its corporate taxes, it might be planning to pay out the remaining of his profits as dividends. Alternatively, you can try this list of Dutch notaries. There are separate licences for different financial sectors. I help companies and investors through the Dutch red tape to obtain the necessary authorisations. Technically, the first director of the company is appointed via the Formation Deed, or the first shareholders meeting. For instance, you have to comply with rules and regulations for your business location. If you plan to start doing business in the Netherlands, you will also need to have or apply for a business bank account (IBAN). This also applies to entrepreneurs from outside the EU who do business through an entity in the EU. The most common industries which would require a business license in The Netherlands are: Financial Service; Banking, acting as financial intermediary, providing corporate services. You can simply research the Dutch Trade Register (Kamer van Koophandel) if a company name is already in use. This means that you will need some sort of haulage license if you want commercially transport goods or people using the Dutch infrastructure. Required Information to Start the Dutch BV, Register your BV remotely, or by visiting the Dutch notary in person. For example, you need permits to transport goods within and outside the European Union. Also, when the entrepreneur has not incorporated a business, this step is mandatory before applying for any license. In the book I explain what is usual and what the common procedure looks like. Non-EU/EEA/Swiss citizens who are looking to start a business or become self-employed will typically need to follow Dutch immigration procedures and obtain a residence permit (MVV) or work permit (TWV). The Benefits of a BV Company in the Netherlands, The Main Provisions of the Dutch Work and Care Act, Hire a Knowledge Migrant in the Netherlands, The Advantages of Opening an LLC in the Netherlands, Main Differences between a Dutch Subsidiary and a Branch, Dutch Participation Exemption (PE) Scheme, Alternatives for UK Companies After Brexit, Relocate Your UK Company to the Netherlands After Brexit. According to the Ministry of Finance, natural persons (such as the self-employed) pay tax on their profits through their income tax returns. Regardless, the name of your business must be unique. Recently our case law is developing, which shows that government bodies use the Bibob Act to refuse or withdraw a license. In many cases, you will need to apply for permits at the town or village where your business is located: your municipality. Additionally, there are several ways to insure your businesss assets in the event of legal liability or any other risk you cannot afford to cover. The Dutch Services Act ensures transparent procedures with equal opportunities for entrepreneurs. At present, it is illegal to grow cannabis (hemp) plants intended for making soft drugs. In case of refusal of a license in The Netherlands, this is not considered a criminal charge. New operating licence without outdoor seating area. Adviseur voor ondernemers bij een bedrijfsverkoop M&A and corporate finance advisor Investor in Hospitality, Tech and Real Estate experienced supervisory board member distressed M&A bernahmen +31621255315. In case a company name is already in use, but by a company who operated in a different industry, you might still be able to register the name. You will then receive the necessary forms to meet your payroll tax obligations. You must also bear in mind various tax and mortgage issues. Entrepreneurs who intend to stay in the Netherlands must fulfil a number of conditions (see Coming to the Netherlands). Then you may need a residence permit and a work permit to live and work in the Netherlands. When deciding to open a business in the Netherlands, entrepreneur can choose from various forms of legal entities: public limited companies, general or limited partnerships, professional partnership of sole traders. a stichting) in the Netherlands must register in the Handelsregister. For instance, when you open a cafe. The KSA has imposed an order subject to periodic penalty payments on Postcode Loterij and VriendenLoterij for . International Trade Administration He can bind the organization, such as by concluding agreements on behalf of the legal person. You may want to establish your business at a particular location. This could be the case if you want to set up a business in the same sector as your employer, or would be approaching your employers clients. General terms and conditions clarify your and your customers rights and duties. Its useful to check if your Formation Deed is also compliant with this. This includes citizens from Belgium, Bulgaria, Cyprus, Czechia, Denmark, Germany, Estonia, Finland, France, Greece, Hungary, Ireland, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Norway, Malta, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Spain, and Sweden. This should be a great help for . EU/EEA/Swiss citizens moving to the Netherlands dont need to obtain a residence permit (MVV) or work permit (TWV) regardless of the type of business they want to start. The KNB manages an online register in which all notaries in the Netherlands are listed, the Notary Register. Business license screening under . In some cases the withholding tax (standard rate of 15%) is lowered by an applicable Tax Treaty. It helps to write a business plan when you are setting up your own company. A small number of goods of U.S. origin require import licenses to enter the Netherlands. The book is published by Kluwer on January 6, 2021. But since the Covid-19 outbreak, Dutch notaries have embraced Video Calling, to allow entrepreneurs to start a Dutch BV without even leaving the house! You can read more about the various types of insurance in our guide to running your business in the Netherlands. Our Dashboard provides you the full instructions to arrange this. These are some examples of licenses I discuss in the book. One of the best-known licences is an environmental licence for building something, which used to be called a building licence. Very often I get the same kind of questions on the rules and requirements. 1013 AE Amsterdam - Registration in the tax organization is free. We . In the Netherlands, you are legally obliged to maintain accounts and to retain them for 7 years. business license - Nederlandse vertaling - Linguee woordenboek If your business fails within the period that you remain entitled to unemployment benefit, you can reclaim it. A licence from the municipality is usually required for the organisation of a (large) event. These include Dutch health insurance, unemployment insurance, and business liability insurance. All rights reserved. The relevant bank must be duly authorised to pursue the business of a bank in its home member state . The latter is sometimes required by clients, especially when working through recruitment agencies. all have a licence system. The necessary licence will have to be applied for and granted in order to be able to work in that sector. To officially open a business in the Netherlands, youll need to visit the KVK. Consult the zoning plan for your business location, 10. They have in common that all licences are subject to a general procedure for (obtaining a) a licence prescribed by the General Administrative Law Act that I deal with. What services can a Dutch equine lawyer offer? Costs to be considered include the following: - Brand booking which is now free. Thats a track you may need some assistance with and the explanation in the book will help you along quite well. A personal registration number (BSN) is usually issued to EU/EEA/Swiss citizens following their registration with the local municipality. If you are not a native speaker of Dutch, you may find the online Omgevingsloket hard to navigate. Some municipalities only offer information about permits in Dutch. The legal structure determines your liability and tax obligations. Revocation or refusal of a license in The Netherlands can therefore be triggered by an investigation based on the Bibob Act. Newer EU members, however, still need to obtain a Dutch work permit, currently applicable to citizens from Bulgaria and Romania. The process for obtaining a business license can vary depending on the agency. Let me have your thoughts if you wish to share anything on this topic. You will need this number when issuing invoices and purchasing goods for your own business. The minimal Government fee for this application is 120.29. These are all matters you need to have thought about before you begin, if you want to have a chance of succeeding. Above 200.000 EUR, the corporate tax rate is 21,7%. Why not write a book about it? You generally must only charge VAT to clients in the Netherlands; clients outside the Netherlands do not require that you charge VAT. Includes license requirements for key professional services that are open to U.S. service providers.. House of Companies can provide you with such registered office address, starting at 75 EUR per month. There are a few exceptions, but most business activities do not require a license. EORI For trading companies that conduct import and/or export activities a EORI-number is often required. Who can start a business in the Netherlands? You must have one to register your company in the Dutch Business Register (Handelsregister) at KVK. Yes, as a foreigner you can start your own business in the Netherlands, or bring your business from abroad. You will still have to report and pay this VAT every month, but you don't have to pay VAT when importing the goods. If you live in the Netherlands or earn income here, you are obliged to take out health insurance. Once your registration is approved, you will be given a unique company registration number (your KVK number). So therefore Ive written a chapter that deals with the (extra) rules that apply to service licences. Are you from outside the European Economic Area? A Euro license applies to domestic and cross-border transport within the European Union and must be renewed every 5 years. If a Dutch company is operational, and provides goods or services, it might also be required to register for VAT. Register with the Dutch Business Register and Dutch Tax Administration, 7. It offers an outstanding infrastructure including Europes largest port , a competitive business climate and a strong treaty network. After the documents are prepared, the business owner should consider the costs of company registration, which is carried out by the Dutch business register. In order to register a Dutch BV, its required to rent a local registered office address (also called a flexi-desk). You can get a licence from De Nederlandsche Bank or the Netherlands Authority for the Financial Markets AFM. Dutch Legislation related to Foreign Investments, Open a Recruitment Company in the Netherlands, Open a Pharmaceutical Company in the Netherlands, Creating a Publishing Business in the Netherlands, Open an IT/High-Tech Company in WestHolland, Open a Financial Company in the Netherlands, Open a Life Science Company in WestHolland, Open a Security Technology Company in WestHolland, Establish an Agricultural Business in WestHolland, Changing the Company Type in the Netherlands, Creating a Joint Venture in the Netherlands, Establish a Sole Trader in the Netherlands, Open a Trading Company in the Netherlands, Types of Investment Funds in the Netherlands, Set Up Fund for Joint Account (FGR) in the Netherlands, Open a BV or NV for an Investment Fund in the Netherlands, Set Up Cooperative (Coop) for Investments in the Netherlands, Open Limited Partnership for Investments in the Netherlands, Open a Flex BV in the Netherlands (Simplified BV Regime), Set Up a Dutch Company for Import/Export of Flowers, Open a Company in the Construction Sector in the Netherlands, Establish a Company in the FMCG Sector in the Netherlands, Set Up a Company in the Aviation Sector in the Netherlands, Open a Company in the Insurance Sector in the Netherlands, Establish Company in the Dutch Healthcare Sector, Set Up an Information Technology Company in the Netherlands, Open a Company in Agriculture in the Netherlands, Establish a Company in the Energy Sector in the Netherlands, Establish a Fintech Company in the Netherlands, Start a Cryptocurrency Business in the Netherlands, Establish a Crowd Funding Company in the Netherlands, Start a Jewelry Business in the Netherlands, Establish a Catering Company in the Netherlands, Set Up a Company in the Forestry Sector in the Netherlands, Establish a Company in the Fishing Sector in the Netherlands, Open a Company for Selling Flowers in the Netherlands, Create a Transporting and Storage Company in the Netherlands, Set up a Software Company in the Netherlands, Create a Real Estate Business in the Netherlands, Open an Advertising and Marketing Company in the Netherlands, Set up Consulting Company in the Netherlands, Set Up an E-commerce Business in the Netherlands, Set Up a HORECA Company in the Netherlands, Establish an IT Company in the Netherlands, Open Dutch Business for Repair and Maintenance of Ships, Set Up Dutch Business for Repair of Transport Equipment, Open Dutch Business on Energy and Air Conditioning Supply, Set Up a Dutch Plumbing and Ventilation Business, Open Business for Sale of Motor Vehicles in the Netherlands, Create Dutch Business for Maintenance and Repair of Vehicles, Open a Dutch Business for Selling Food,Beverages and Tobacco, Set Up a Dutch Business for Selling Coffee,Tea and Spices, Open a Business for Selling Textiles in the Netherlands, Management Board of a Company in the Netherlands, The Minimum Share Capital for Opening a Dutch Company, Set Up a Permanent Establishment in the Netherlands, Create a Dutch Company for Manufacture of Food Products, Start a Business in the Netherlands as a Foreigner, Open a Private Limited Company in the Netherlands, Netherlands-USA Double Taxation Avoidance Treaty, Netherlands-UK Double Taxation Avoidance Treaty, Taxation of Dutch Fiscal Investment Institutions, Double Taxation Treaties in the Netherlands, The Netherlands-Denmark Double Tax Treaty, Taxation of a Cooperative in the Netherlands, Box System for Taxation in the Netherlands, The Fiscal Partnership in the Netherlands, Apply for the General Tax Credit in the Netherlands, Dutch Scheme for Qualifying Non-Resident Taxpayer, Donations for Tax Minimization in the Netherlands, Tax Deductions for Properties in the Netherlands, How to Prepare the Tax Return in the Netherlands, The Advantages of the 30% Ruling System in the Netherlands, General Tax Credit System in the Netherlands, Tax Obligations after Setting Up an LLC in the Netherlands, Fiscal Advantages for Opening a Company in the Netherlands, Dividend Withholding Tax in the Netherlands, The Tax Declarations to Submit in the Netherlands, Tax Deductions and Exemptions in the Netherlands. The different types of incorporated businesses are: Legal requirements differ between the business structures. U.S. companies that wish to . The Netherlands. 1. - The registration fee is set at 50 euros. How long does it take to start a Dutch BV? If your employer turns you down, it has to be for a good reason. The general idea is that the Bibob Act should only be applied in case of the vision of serious criminal events, such as organized crime. You can also order products from the KVK register, such as an uittreksel (extract containing details of a company). This is especially true if youre starting your own company. The Entrepreneurs Deduction allows for the following tax exemptions: To file VAT returns, you must get your VAT number from the Dutch Tax Service; unincorporated businesses/ZZP can receive their VAT number when registering their Dutch business at the KVK. You can start a business and give up your benefit, partially retain it or reduce it for a trial period. So, find someone who is a native speaker of Dutch to help you. Almost anyone can start a business in the Netherlands, but the procedure may be slightly different depending on whether you need a visa or work permit in other words, whether you are from the European Union or whether you are a third-country national. Registration of a branch office (Form 9) - use this form if you are already . Check whether you need professional qualifications, 9. More specifically, the Netherlands have a toleration policy regarding soft drugs. Incorrect licensing procedures can be tackled by an entrepreneur and their lawyer. If a bank has its registered office in the Netherlands, then it must apply with the DNB for a licence. You have full understanding of the corporate structure and the tax consequences of setting up the company (at least for the next 12 months, concerning salary, profit tax and dividend tax), You have decided on the share capital (size & amount of shares), It has been determined if al; shareholders and directors will visit Netherlands, or either of them will provide legalized documents, It has been decided if a Dutch bank account will be opened (if so, to keep the corporate structure simple), Before visiting the Netherlands, or signing the formation deed remotely, you have a full understanding of the formation deed, A visit to the Netherlands is required to open a Dutch bank account, although a Dutch bank account is not legally required, In order to open a Dutch bank account, the Dutch bank might require the director to apply for a BSN/TAX ID first, Before visiting Netherlands all meetings (city council, notary, bank) should be confirmed (by your Incorporation Officer), Consider a Plan B, in case the Chamber of Commerce does not register your Dutch BV within 24 hours after the notary has registered the company, in case you scheduled a meeting with the bank the next day, If you dont speak English fluently, the notary and/or bank might require you to involve a translator in the process, Bring along a English/legalized paper-based residential proof of address (this cant be an ID or driver's license showing your address) & consider the other document requirements for your company. Sometimes a notification from the municipality is sufficient, but the arrangements can differ per municipality.