An incorporate Dutch bv: what is it?
Did you know that in the Netherlands, they do not know an incorporate dutch bv as an incorporate. Nevertheless, we use the term in this article, because it is clear to Americans what it means. We will focus on both places in this article. An incorporate is a company that has merged. In the Netherlands they also call this a limited liability company. However, in this article you will discover the characteristics of an incorporate dutch bv.
An incorporate dutch bv: these are the characteristics
An incorporate dutch bv is also called a public company, but is very similar to a BV. A BV is one of the most commonly chosen legal forms in the Netherlands for incorporating a company. A incorporate actually describes the structure of a company. With this type of company, directors are generally not liable for any debts. This means that their private assets remain protected. The capital of an incorporate Dutch company is divided into shares. These shares are owned by shareholders. Shareholders therefore also have power over the company. For example, they can make decisions in the company. They can appoint the management, but also dismiss them. In addition, a shareholder can resell the shares.
Within an incorporate, the directors take charge of the company on a daily basis. An incorporate company also usually consists of a supervisory board. This board supervises the management. In some cases these supervisors are also part of the management board.
To incorporate a Dutch (incorporate) BV you must first go to a notary. The notary will draw up the notarial deed for you. This includes the articles of association. The notary also usually takes care of the registration of your incorporate dutch bv in the Commercial Register of the Chamber of Commerce. All of the company’s directors are also registered in this trade register. Before this happens, you are personally liable if something happens. In addition, you must also deposit a starting capital in the company. The interested parties must also be registered. You do this at the UBO register. Interested parties are shareholders who own more than 25% of the shares.
Before incorporating a Dutch limited company, you can already do business with your company. For this, the entry in the Trade Register is mandatory. The notary then has to declare that he will take care of the incorporation. In doing so, you must indicate to the people you do business with that you are concluding business contracts in the name of the incorporated company. The contracts will then be legally valid.
Help with setting up an incorporate dutch bv
Do you want to incorporate a Dutch BV, but find it difficult? That is understandable. Setting up a company in another country with a different language is also complicated. Fortunately, there is help these days. Like setupyourdutchcompany.com. For example, they offer the following services:
- Setting up your company in the Netherlands
- Personal assistance
- Establishment registration
- Obtaining a VAT number and EORI number
- Opening a Dutch business bank account
- Accountancy services
- A business plan
Did you know that within five working days with the help of this company you are already setting up your business in the Netherlands? That’s great, right? The Netherlands is a good country to start a business. For example, the port of Rotterdam is the largest port in Europe and the whole world. In addition, starting a business in the Netherlands is very interesting because of many common tax treaties, one of the lowest corporate taxes in Europe and more. Take a quick look at the website and discover all the possibilities.