Setting Up a Dutch BV Company
The Besloten Vennootschap or the Dutch B.V. is one of the most common company structures in the Netherlands. It represents a private limited liability company frequently used by both foreign and local investors to carry out business activities in the Netherlands.
Over the last six years, setting up a Dutch BV corporation has become easier and more affordable. For example, in July 2011, changes to Dutch company law abolished the need for a ministerial “Declaration of No Object”, which shortened the Dutch BV company formation process and lowered the costs. Then in October of 2012, the flex B.V. act came into force which eliminates the minimum capital requirement to set up a Dutch BV company—this was previously set at €18,000.
How to Set Up a Dutch BV Company?
To set up a Dutch BV, you’ll need to fill out the required paperwork. This typically means that a public notary will draft your Deed of Incorporation (similar to an Articles of Association, which need to be in Dutch). These contain information such as your business activities, a regulation of a company’s operation shareholders, define the responsibility of the director, share capital, registered address, and your management boards.
From there to complete your Netherlands BV registration, you need to verify the company name, collect due diligence documentation, submit your notarized documents and deed of incorporation, register with the tax authorities and commercial registry, and open a bank account. Once all of that is squared away, you’re going to start operating in the Netherlands!
What you need:
- Proof of your identity—copies of notarized passports of the director(s) and shareholder(s) of your new Dutch BV.
- Proof of address—required for both your director(s) and shareholder(s) of the BV. This could include something simple like a utility bill or a bank statement.
- Address in the Netherlands—your Netherlands BV will need a registered office with an address that is located in the country for formal correspondence.
What you don’t need:
- Dutch director—a foreign person can be appointed as the director of a Dutch BV.
- Company secretary—while you do not need to fill this role, it’s highly recommended that you appoint a service provider to help stay on top of the Dutch laws indicated in the articles of incorporation (akte van oprichting).
- Dutch bank account—while this is also not compulsory, having one will make it much easier to do business in the Netherlands and other European countries. Get more information about opening a bank account in the Netherlands.
Get started with your Dutch Company formation today!
While Dutch BV company formation has become both easier and more affordable, it’s way better when you have help. That’s where Dutch Business Incorporation comes in.
We are dedicated to making the process of doing business in the Netherlands as easy as possible for our clients. Our job is to handle the complexities and intricacies of the process, so that you don’t have to worry about it.
We’ve been doing this for a long time, and we’ve established an easy-to-navigate five step process to help you set up your Netherlands business.
Our Netherlands BV Formation Process:
- You fill out our client questionnaire—this helps make sure we’re all on the same page and gives us a little extra information about you so we can get the job done.
- We review the documentation to make sure that everything’s in order before we start the paperwork.
- We engage our Dutch notary who prepares your deed of incorporation (akte van oprichting), which is submitted in Dutch.
- We register your brand new BV with the chamber of commerce in the Business Register.
- We collect the KVK Extract (Uittreksel) for you.
At the end of the process, you receive a copy of the deed of incorporation both in Dutch and English, a shareholder register and an KVK Extract by email.
Check out Our Dutch BV Formation Packages to see which one suits you the most.
Dutch Besloten Vennootschap BV FAQs
The BV abbreviation business stands for Besloten Vennootschap. It is a private limited liability company used by foreign and local investors to carry out business activities in the Netherlands.
To set up a Dutch BV, you’ll need to fill out the required paperwork. This typically means that a public notary will draft your Deed of Incorporation (which is similar to an Articles of Association, which need to be in Dutch). These contain information such as your business activities, shareholders, share capital, registered address and your management boards.
From there, you need to verify the company name, collect due diligence documentation, submit your notarized documents and deed of incorporation, register with the tax authorities and Dutch company register, and open a bank account. Once all of that is squared away, you’re going to start operating in the Netherlands!
Yes, a Dutch B.V. is a private limited liability company.
The Netherlands is a great place to incorporate a company for a number of reasons. Some of our clients decide on a company formation in the Netherlands because they are looking to test the market, gain access to the EU business channels or get a VAT deferment licence, the Netherlands is a great place to start. Not only that, but its one of the top English-speaking countries in the EU.
“BV” means Besloten Vennootschap. It is a private limited liability company in the Netherlands.