Setting up a Dutch B.V. and open a bank account as a foreigner

If you are planning on setting up a Dutch company in the Netherlands,  before you start the process of company registration, it’s important that you gain as much information as possible regarding opening a bank account in the Netherlands.


One of the most common mistakes we see our clients make is incorporating their Dutch company first, only to find out afterwards that they are unable to open a bank account.


They end up spending a ton of time visiting banks, filling in forms, exchanging countless emails, and waiting for an email or post to come in with an IBAN number, but nothing happens. Or worse yet, they get rejected by bank after bank.


What most people don’t realize is that once you’re rejected by a Dutch bank, it’s significantly more difficult to open a bank account, even if you head to another bank.


If you’re planning on expanding your business to the Netherlands, this can be one of the biggest nightmares to face.


All of that time, effort and money gets wasted, and their new Dutch company is stalled, even before they really get started. They get stuck and don’t know what to do with their Dutch company.


We understand our clients frustrations, our experienced local representative  could be able to increase your chances of opening a bank account in the Netherlands.


If the chances are low, we can give you suggestions to improve the chances.  We will highlight the areas which you should avoid.  Every cases is tailored made,  each situation is different, but the mistakes repeat itself again and again

By failing to prepare, you are preparing to fail.

Benjamin Franklin

We couldn’t agree with Benjamin Franklin more. So, let’s minimize some uncertainty so you’re well prepared when it comes to branching out with your new Dutch company.

Most common reasons for bank rejection

There are a ton of reasons why you could be rejected by a Dutch bank, but in our experience, these are the most common reasons:


1.You have no local Dutch resident director

Many Dutch banks do not accept clients who are not Dutch residents. We often see clients rejected because none of their directors are residents of the Netherlands. When it comes to defining residency, most banks require a director that is actually a resident of the Netherlands. Being an EU citizen is simply not enough.


2. Your company structure is too complex

If you’re company structure is too complex you could face a delay or even rejection from a Dutch bank. The more simple, the better. In one case, we saw the bank’s compliance department take three months to go through the process due to the complexity of the organization.


3. Your scope is risky

If the scope of your business is considered to be too risky from the bank, you could risk rejection. For example, businesses related to Bitcoin and cryptocurrency.

Learn from the mistakes of others

You don’t have to make the same mistakes as other companies, you can learn from them. With proper research and preparation, you could be well on your way to opening a Dutch bank account.


Moving your company to the Netherlands can be complex at times, but with the right help and guidance, you can be well on your way to opening your Dutch bank account and incorporating your new company. Dutch Business Incorporation is dedicated to helping our clients to be successful in the Netherlands


Contact us to find out how we can help you to start a business in the Netherlands as a foreigner. 


Check out our virtual bank package specially tailored for non-dutch and EU residents

More Services

You might also be interested in these Services

Virtual bank

Need to open a business bank account?

Virtual bank package is the best solution for non-dutch resident director.

No time to travel to the Netherlands

We will assist you with opening a business bank account online.

Set up a dutch B.V. as a non-dutch resident

Set up a dutch b.v. as a non-resident

100% online, no need to travel to the Netherlands.


Set up and register your Dutch BV within 3 days of receiving all documents.
Read more

Have a question? Get in touch today

We can provide you free 30 minutes advice to help get you started with your business needs.