Why Virtual Banks Are a Smart Choice After Setting Up a BV in the Netherlands
Opening a traditional business bank account in the Netherlands has become increasingly difficult for non-resident directors and shareholders.
Many of our company formation for non-residnets clients have faced rejections, delays, or excessive paperwork when applying to traditional banks.
That is why we recommend considering virtual banks as a practical and efficient solution right after your BV (Besloten Vennootschap) is set up.
What Are Virtual Banks?
Virtual banks, also known as online banks or fintech banks, offer digital financial services without requiring you to visit a physical branch to open a bank account. These services include:
• IBAN business accounts
• International transfers
• Multi-currency balances
• Currency exchange
Your Location Still Matters When Opening a Virtual Bank Account
Although virtual banks are generally easier to open compared to traditional banks, your ability to open a business account still depends on where the shareholders and directors are based.
Some virtual banks accept clients only from the EU, while others are open to businesses owned by individuals in the US, Asia, or other non-EU countries.
💡 We save you time by matching you with virtual banks that accept your company structure and location—helping you avoid unnecessary rejections.
Company Formation Bonus 1: Help Finding the Right Virtual Bank
This service adds massive value to your BV setup, saving you hours of research and reducing the risk of being rejected.
With many virtual banks on the market and constantly changing policies, we do the hard work for you:
• We filter out banks that do not accept your director/shareholder location
• We help you apply quickly and efficiently
Company Formation Bonus 2 - Guidance on Finding a Suitable Virtual Office
📌 When setting up a BV, you are required to provide a Dutch address to register your company with the Dutch Chamber of Commerce (KVK).
Find out 👉 Why Virtual Office Guidance Is So Important to Company Formation in the Netherlands may help you understand the common pitfalls and how we help you avoid them.
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