What are the different types of companies (legal entities) in the Netherlands?

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  • What are the different types of companies (legal entities) in the Netherlands?

In case you are a profoundly skilled migrant in The Netherlands, you can frame a Netherlands company, without any changes to your residency grant. 

The most commonly used organization form in The Netherlands is the B.V. (Besloten Vennootschap) The B.V. is a Private Limited Company (Pvt Ltd), which can measure up to the German GMBH, Belgium BVBA, UK LTD, and French SARL. To begin a Dutch business, it’s important to fix how your corporate construction will be like, and which legal entity suits your requirements.

For instance; an autonomous IT contractor might typically hope to build up a sole proprietorship or a branch registration of his abroad organization. While a multinational which likes to draw in different financial investors may pick a Public Limited organization, for example, the Dutch N.V. For a business in between, the Dutch BV is normally a safe thing!

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Private Limited Company (BV)

Most companies that enter the Netherlands want to establish a Dutch B.V. The Dutch B.V. is a Private Limited Company and is worthy of a spread of activities and different categories of the corporate framework. The Dutch B.V can be built- in by non-residents and claimed by a non-resident. No Capital or transactions are in place, which implies it’s an ideal location to execute your International business Action.

Synopsis

  • Share capital at the minimum 1 share of 0.01 cent (not required to pay up)
  • No local director /Investors required
  • Limited Liability for the administrator
  • Take in by Dutch Notary Public(ideally 1-2 days)
  • Essential registration at the Chamber of Commerce
Private Limited Company
Dutch Partnership

Dutch Partnership VOF

A Dutch Partnership can easily be set up in the form of VOF (Vennootschap Onder Firma). It’s not normal to establish such a partnership, to perform global business exercises, yet it may very well be reasonable if there should arise an occurrence of a neighborhood organization or joint endeavor. The VOF can also be interesting to mutually claim a resource in The Netherlands, like land, although the C.V. is likewise a mainstream organization type for this purpose.

Synopsis

  • Minimum two partners required, which can be corporate bodies
  • No local directory/accomplice required
  • Infinite liability for the operational manager/Partner
  • No minimum share capital
  • No notary required in the process to arrange a Dutch VOF
  • Requires enrollment at the Chamber of Commerce to avoid any hassle

Foundation Trust (Stitching)

The Dutch Foundation (Stichting) is an exceptional legal and lawful entity. As we know, it has no ‘share capital, so it has no shares to issue. Because of itself-possessing character, the Dutch Stichting can be used as an ideal legal entity to work for an NGO or a charity association. In blend with a Dutch B.V, the Stitching is also known as the STAK and used for assets management or estate arranging purposes.
Synopsis

Minimum two partners required, which can be corporate bodies
No local directory/accomplice required
Infinite liability for the operational manager/Partner
No minimum share capital
No notary required in the process to arrange a Dutch VOF
Requires enlistment at the Chamber of Commerce in the Netherlands

Branch/Representative Office

A branch draft in the Netherlands can be intriguing for entrepreneurs that operate abroad organization. A branch enlistment, as a result, is the enrollment of an overseas company, at the Dutch Chamber of Commerce. This means that no different lawful entity is set up. Ideally, it’s simpler to build up a branch, at that point a legitimate element, because no public notary is engaged with the cycle. Besides, the Company law overseas is applicable, which implies that it’s not required to outline any Financial Statements based on Dutch law.

Synopsis 

  • No local deposit capital necessities
  • No local director/shareholder required
  • Limited liability for the director
  • Oversea Company Law pertinent
  • Registration requirement at the Chamber of Commerce- depends on the situation

Who are engaged in the company formation procedure in the Netherlands?

When you will start a business, you need to accompany the following government bodies

  • The Dutch Notary if it in case of private limited
  • The Dutch Chamber of Commerce
  • The ‘arrangement manager and specialist’ like ODINT consulting
  • The Dutch Tax & Customs arrangement and management (who will issue the Tax ID
  • The Dutch City Council (in case your Dutch bank requires you to get the Citizen Service Number in The Netherlands)
  • The IND (Immigration Office), if you will apply for a residency license, (for example, the Startup Visa)

What’s more, you may need to deal with any of the co-founders, or board individuals that you will name for your Dutch organization. Each board part and shareholder (possessing over 25% of the offers) should give full collaboration in the company development measure. This implies they will give a copy of passport and verification of address, and need to get recognized in person (video call), or need to give legitimized copies of their data (and signature). 

Company formation in The Netherlands should be possible by a solitary individual. Regardless of whether that individual isn’t a resident a solitary individual can go about as both directors, as a shareholder.

In the case of sole ownership, there is no shareholder included, and the Dutch notary will also not be associated with the company formation procedure.

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