It’s not difficult to start a new business in the Netherlands. One is afraid of all unseen and long list of formalities when it comes to starting a business. But it is not the same in the Netherlands. You can take a start from any one of many different types of business.
However, the incorporated business structures for people in a business have separate business and personal assets and protected from their business debts. There is no legal delimitation between their personal and their business assets.
Here are the important licenses required by the authorities when one is planning to Open a Dutch company, and the relaxation one can find over some requirements.
Licenses for Dutch BVs
Applying for certain licenses and permits is one of the important steps mandatory when opening a BV company in the Netherlands. Here are the licenses that you have to get:
- Licenses for import and export are required for BVs that are most involved in trade activities.
- A license for an All-in-one business is issued to the business by the municipality in the city where the business will be running.
- The company also requires to get financial licenses which are employed by companies in the financial sector and besides, to other fields like crypto-currency
- Special licenses are also issued by specific authorities depending on the BV’s activities, along with many others. These include food and liquor licenses, which are needed for operating in the food and beverages industry.
The flex BV in the Netherlands
With the increasing popularity of the private limited liability company, the Dutch government in 2012 decided to relax regarding registering a BV, and a simplified BV Regime came into force.
Sometimes known as the flex BV, these companies resemble the regular BV with a few exceptions. To open a flex BV in the Netherlands, a local or foreign entrepreneur will fulfill some requirements. Until then, a BV Company was imposed with a minimum share capital of 18,000 euros. However, the flex BV was permitted to be established with a minimum amount of one euro.
With the new legislation, the shareholders of a BV company are exempted from lowering the share capital even if they don’t publish the Official Gazette decision; however, it will just request them to amend according to the Dutch company’s Articles of Association and notify the Trade Register.
Uses of a Dutch BV company
The BV company has many advantages, one of the most important is related to the fact that this structure can be employed for various purposes. Among these are:
The BV company comes with a lot of benefits. The most important is that its structure can be employed for many useful purposes. More including:
- It can be used for trading as an offshore company by external entrepreneurs.
- As foreign companies, these can provide subsidiaries in the country.
- Shelf companies often are found as Dutch BVs thanks to the fast and new incorporation requirements.
Moreover, Intercompany solutions may provide you with support for getting with bank accounts, legal entities, accounting, and tax filings. It also helps with matters that seek attention when it comes to giving your Company multinational recognition.