6 Important Things to Consider While Starting Your Own Business in the Netherlands

If you are planning to establish your start-up or thinking of expanding your present business, the Netherlands can be a great place. However, when you tread on a new path, you are bound to face some challenges. If you are a foreigner, it can be difficult for you to know about the local rules and regulations related to establishing your company.

However, that doesn’t mean you need to drop the idea of opening your Dutch company in the Netherlands. There are firms that can help you go through the entire process and also help in getting the required permits along with the paper work.

Here’s a look at some formalities that you will have to take care of when establishing your Dutch company in the Netherlands:

1. Residence Permit

The very first step towards establishing your company would be to get a residence permit. The EU, EEA, and SWISS nationals will be allowed to live and work in the Netherlands under the EU law. However, others will have to apply for a MVV i.e. Provisional Residence Permit and in few cases a TWW i.e. Work permit. 2. Permit for self-employed

Did you know that in the Netherlands, you can apply for a residence permit as self-employed entrepreneur? However, the application will be based on points wherein you application should meet certain criteria and secure certain points to be successful. Also, your Dutch company should serve the interest of Dutch people.

3. Getting your profession acknowledged

There are some regulated professions in the Netherlands such as the medical, legal, and scientific fields. You should have a recognized qualification for setting up a business in that sector. If you have your degree or qualification outside the Netherlands, you would require permit to practice. 4. Choosing the legal form

Once the permit has been obtained, the next step is to choose the legal form of your business so that you can decide the liability and debts of your company along with tax obligations.

5. Getting your company registered

After deciding the type of business, it’s time to register it with the Dutch Chamber of Commerce so that your business gets registered in Dutch Trade Register. You must get the business registered a week before or after you start doing business. 6. Registration for Taxation

Your new business needs to get registered at the Dutch Tax Office so that you can begin to claim the VAT deductions on investments you are making to start your business. Now, you simply need to come with an effective business strategy to get going in the Netherlands. Explore the web for more information and suggestions on choosing the right firm that can help in establishing your Dutch company in the Netherlands by finding the right place for inception of your business.

Author Bio: Fredrick Sam is a legal advisor and he has been associated with a renowned firm in the Netherlands that helps people across the globe to open their Dutch company in this part of the world. He is a keen writer and loves to write about things one should keep in mind while opening a Dutch company in the Netherlands. Read his blogs to know more about legal matters and things you should be aware of before investing in this part of the globe.