Starting a business in the Netherlands: company formation in the Netherlands? Are you considering to start a business by yourself? Why not do so in the Netherlands? The Netherlands offers a great operative environment for many different businesses. This is partly because of the entrepreneurial wind that blows through this country. A company formation in the Netherlands requires to undertake some important steps. These steps are briefly discussed in the next section. Besides, this article briefly discusses the Dutch laws you have to consider when going through with your company formation in the Netherlands.
The first steps for company formation in the Netherlands
According to the Dutch Chamber of Commerce, the Kamer van Koophandel or KVK as the Dutch say, there are 10 very important steps you need to consider when pursuing a company formation in the Netherlands. These ten steps are stated below.
- 1. Explore your options and test your qualities
- 2. Explore the market and determine your strategy
- 3. Make a financial plan and see if you need financing for your company formation in the Netherlands
- 4. Think of a unique company name
- 5. Choose a legal form
- 6. Make sure your administration meets the requirements
- 7. Arrange terms and conditions and insurance
- 8. Meet all legal requirements
- 9. Register your company with KVK
- 10. Search for customers
Legal forms involved in a company formation in the Netherlands
There are many different legal forms to consider when going through with your company formation in the Netherlands.These can be divided into two categories: either a legal form without corporate legal personality or business structures with corporate legal personality. The first category comprises of four legal forms: A sole proprietor (Dutch: eenmanszaak); a general partnership (Dutch: VOF); a professional partnership (Dutch: maatschap); and a limited partnership (Dutch: CV). If you rather choose to be personally liable for the financial situation of you company, there are five legal forms to consider: a private limited company(Dutch: BV); a public limited company (Dutch: NV); a cooperative(Dutch: coöperatie); an association (Dutch: vereniging); and a foundation(Dutch: stichting). Laws involved in a company formation in the Netherlands. The Dutch corporate system is characterised by many laws, rules and regulations. These are all to be found on the website of the Dutch Chamber of Commerce. You can find all the laws and regulations that apply to your business in case you would like to start your company formation in the Netherlands, want to take over an existing Dutch business, want to quit your business or transfer the ownership to someone else or to another company. Besides, if you consider to operate internationally or operate in environmental services, there are laws you have to comply to. This website is also very valuable in case you need to know anything about personnel issues that come with a company formation in the Netherlands. Because social security is highly important for the Dutch, it would be wise to really dive into the laws, rules and regulations that come with hiring personnel. Examples of these are hiring and firing policies, working conditions, salaries and compensations etcetera.