Everything You Should Know About Opening a Business in Holland

Since the entire world is turning into a Global Village, things are becoming more streamlined and easier. Businesses across the globe are operating in different countries and are serving people with different products and services. If you are foreign national and want to open your own business in the Netherlands, then there are a few requirements that you may need to fulfil. Connecting with a service provider offering support regarding opening a company in Holland would be someone who can surely help in organising and streamlining things on your behalf. But you need to be extra cautious and updated with the recent requirements to ensure that you are not being cheated upon.

If you really dream about opening a business in Holland, then read the sections below to understand what all you may need to do:

Consider the national requirements first

If you are planning for setting up a business in the Netherlands, then you are lucky as the process is quite straightforward and you can easily and correctly complete each stage of the legal registration process. And registration process.If you hold an EU citizenship, are a member of the European Economic Area (EEA) or have a Swiss citizenship, then you a free to live and work in the Netherlands legally. If you don’t fall under the mentioned nationalities, then you will need to take a work permit to start your business in Holland.

Decide which legal form of company your wish to start

The very step of starting a new business would be deciding upon its types, functions, operations and industry under which it falls. The decision made to select the type of the company would also impact and determine tax obligations and liabilities. If you are planning to open a company in the Netherlands, then try considering any one of the categories mentioned below:

• Sole trader – It simply means that you will be the sole owner of the company. You will be sole entity for profits / losses made by the company and you may or may not have employees working under you.But it is important to consider that you will pay income tax of the profits earned by the company.
• Limited partnership– It is a company type that is also known as a Commanditaire Vennootschap (CV) and it may contain two or more partners. Out of the partners, one will be active while others can choose to be silent. Generally, the silent partner contributes towards the funding of the company and bears lesser risk as compared to the active partners. Also, a legal written document is not required by the Netherlands law but it is recommended to have one to avoid any future disputes. • General Partnership– It is also known as apartnership under common firm and can also be referred as Vennoots Chap Onder Firma (VOF). This partnership required at least two people who contributes for the funding of the business and each of the partners are considered as self-employed entrepreneur.
• Private Limited Liability Company – This company type is also known as Besloten Vennootschap (BV) and under this category the business is limited by privately registered shares. Shareholders are responsible for their capital contributions. The only and the most important legal requirement for this type of the firm is to have a registered Dutch address.

If you have decided which company type you would actually want to start with, and then speak to a legal advisor who can help you in organising the next steps for registering your company in Holland. Don’t refrain yourself from asking questions as things become clearer and easier when you get answers to your queries!

Fredrick Sam works for a company that offers support to foreigners for setting up company in Holland. He is a pro at managing at various tasks associated with registering, legalizing, and finalizing the office space for the foreign investors.