Know about the Company Registration in Netherlands

Netherland has a stable and successful economy and a trade and investment policy that, is one of the most open in the world. In the Netherlands, the manufacturing sector is the most developed sector. It has long been a favorite home for foreign investors considering Dutch company formation.

Types of Business Entity established in Netherlands:

The Dutch BV (limited liability company): - It is the most common form of business enterprise in the Netherlands. It is a company limited by shares (private limited company), whose shares are privately registered.  The minimum share capital of the company should be of 1 EUR.  Minimum one or more 'incorporators', being either individuals and/or legal entities are required for incorporation. In case, of one shareholder, this fact will not entail personal liability, but his name will be registered as such in the certificates of registration of the BV issued by the trade register.

General Partnership - To form this type of business enterprise two or more partners united under the same name and having the same economic objectives, with unlimited liability on the firm’s debts. They share the profits with them. Minimum share capital, like for Dutch BV not required. General Partnerships have unlimited liability so personal assets of each general member of the partnership can be taken by the creditors if there are debts that can’t be covered by the company funds.

Dutch Limited Partnership -To form this type of business enterprise, at least two partners - one general who has unlimited liabilities and takes the management decisions - and silent one who must deliver a capital to the firm and has his liability limited to his contribution.

Company Formation in Netherlands:

Professional Partnership - For this type of Business enterprise at least, two partners are required, who are responsible for their claims. This kind of business is preferred for practicing a profession.

Public Liability Company-This form of business enterprise is proper for large investments and it needs a share capital of 45,000 EUR. The board of managers will be responsible for daily decisions.

Branches/Subsidiaries - The representatives of foreign firms who want to open a branch or subsidiary in the Netherlands, have to deliver the newly formed entity’s capital (in case of the Dutch Subsidiary) and hold liability for the newly formed company's activities (in case of a Dutch branch).

Documents required for starting a business in Netherlands:

• Residence proof of incorporator;
• Copy of latest Bank Statement;
• a rental contract (or official letter of intent) if using hired premises for your business;
• A valid form of identification of shareholders and Directors;

Procedure for of Company registration in Netherlands:

• Check the availability of name at the Chamber of Commerce. If it is unique, then the investor will receive a certificate for that name;
• Open a bank account and deposit the minimum capital share;
• Notarized the deed of Company incorporation, signed and drafted by a notary. It can be signed in presence of the notary or by way of a written power of attorney
• Once, all the above requirements are compiled then, the next step is to apply for registration of the company and it can be done either online or physically at the Chamber of Commerce
• The announcement of incorporation is made in the Netherlands Official Gazette (Staatscourant) and the process will be performed by the Chamber.

Once the company gets the registration from the Chamber of Commerce, it is required to register itself with various tax, and social security authorities. For income tax registration, a separate registration form shall be filed

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