When setting up any type of company there are specific requirements that need to be met and a process that it needs to go through. However, the requirements to Establish Dutch company are simple and are easily met. The first requirement is a share capital of 1 euro as this is the minimum requirement for BV companies. Most companies opt in having 100 different shares of 1 cent each to meet this quota. The next requirement is that the BV requires a director and a shareholder, but these can be the same people and also do not need to be a resident of The Netherlands. The final requirement is the company needs a local Netherlands business address. After these requirements are met, the process of establishing a Dutch BV can begin.
The registration process
There are a few main steps that will take place in the process of establishing a Dutch BV. The first step in the process is usually verifying the availability of the company name and reserving the name. Following this is collecting the needed documentation and sending it to the incorporation agent as well as submitting the necessary ones such as the notarized statutory document. The next step would be to register the company with tax authorities and the commercial registry in The Netherlands. The final step is to open a bank account and deposit the company capital before starting business operations.
Permits and licenses
Every company regardless of type needs permits and licenses from the government or authorities to be able to run their regular operations. A lot of permits or licenses can be easily obtained but some can be more difficult such as those for financial services. Despite its difficulty, this financial license is necessary to perform any payment process for companies, investment firms or financial services the company wants to take part in. Other permits and licenses can depend on the type of company such as a food or cosmetic which needs a license to comply with regulations. Therefore, it is essential to check what licenses or permits your company needs to legally perform its activities.
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