Checklist for setting up a BV in the Netherlands
Below you will find a table with the most relevant services around establishing a limited liability company in the Netherlands.
|Single BV: |
Shareholder is a Person/Company
holding bv + operating bv
|Deed of incorporation||✔ Required||✔ Required|
|Translation of documents||✔ Required||✔ Required|
|Shareholders agreement||★ Recommended (if multiple shareholders involved)||★ Recommended (if multiple shareholders involved)|
|Chamber of commerce registration (KvK)||✔ Required||✔ Required|
|VAT registration||✔ Required||✔ Required|
|Legal contracts & compliance|
|Management agreement||Optional||★ Recommended|
|Current-account agreement||Optional||★ Recommended|
|Employment contract main shareholder-director||★ Recommended||★ Recommended|
|GDPR Compliance||★ Recommended||★ Recommended|
|Tax & Accounting|
|Bookkeeping||✔ Required||✔ Required|
|Quarterly VAT return filing||✔ Required||✔ Required|
|Annual financial report||✔ Required||✔ Required|
|Corporate tax return||✔ Required||✔ Required|
|Address & Office|
|Registered address||✔ Required||✔ Required|
|Physical office space||Optional||Optional|
|Mail forwarding service||Optional||Optional|
|Dutch phone number||★ Recommended||★ Recommended|
|Banking & Insurance|
|Bank account||★ Recommended||★ Recommended|
|Company insurance||★ Recommended||Optional|
The BV is a limited liability company and preferred legal form for foreign entrepreneurs in the Netherlands. That is because the BV is flexible, easy and affordable to set up. On top of that, the overall tax pressure on a BV in the Netherlands is one of the lowest in Europe. Finally, your BV will shield you from personal liability of your company’s actions, debt and bankruptcy.Read More
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