Who Can Establish a Company in the Netherlands?
Almost anyone can establish a company in the Netherlands. However, the procedures may differ depending on whether you need a valid visa or work permit, in other words whether you are a citizen of one of the European Union countries or another country.
Citizens of the European Union, European Economic Community and Switzerland can establish a company without being subject to a residence or work permit.
Entrepreneurs who want to establish a company in the Netherlands do not have to be a citizen or be a citizen of the Netherlands. Management of the company is possible with a representative residing in the Netherlands to be appointed to the company.
Citizens of countries other than the European Union, European Economic Community and Switzerland need a residence or work permit according to Dutch immigration procedures when they want to manage the business of the company they will establish and live in the Netherlands.
Turkish Citizens to Establish a Company
Turkish citizens need a valid residence permit if they want to stay in the Netherlands for more than 90 days. However, in accordance with the Ankara Agreement signed between Turkey and the European Economic Community, some facilities and privileges are provided to Turkish citizens. The evaluation of residence and work permits is carried out by the IND institution (Immigration and Naturalisation Service) in the Netherlands.
If you want to open your own business or operate as a self-employed person in the Netherlands, the contribution of your commercial activity to the Dutch economy must be evaluated by the Dutch Ministry of Economy according to the scoring system. However, Turkish citizens are exempt from the scoring system in accordance with the Ankara Agreement. However, a detailed business plan should be prepared and submitted for evaluation in terms of its contribution to the economy.
Residence Permit by Investment in the Netherlands
A residence permit can be issued in the Netherlands through investment.
An investment of at least 1,250,000 Euros is required in a company in the predetermined field of work. In this case, a 1-year residence permit can be granted to the investor if he or she meets the other criteria determined by Ind.
Required Procedures for Company Establishment
The most common type of company in the Netherlands is B.V. According to the Turkish legal system, it corresponds to a Limited Company.
For the B.V establishment, it is evaluated whether the trade name you choose is appropriate and whether it creates confusion with other registered companies.
The articles of incorporation must be certified by a notary public in the Netherlands. The articles of association of the company must be signed either by the partners in the presence of a notary public or by their authorized representatives.
The company must be registered with the Trade Registry Office (K.V.K). After the company is registered in the Trade Registry, it is required to obtain a tax number.
Companies that will operate in the Netherlands must show a bank account and the capital specified in the company's articles of association must be deposited into the bank account to be opened in the name of the company.
Advantages of B.V Company Type
In the Netherlands, B.V companies have the opportunity to become a director or shareholder in another company.
B.V companies are in a respected position in international trade.
The Netherlands has the lowest tax rates in Western Europe. In order to attract investment, tax rates will be gradually reduced by the Dutch government until 2021.
It has a strategic position in terms of providing access to the European market.
The establishment procedures are completed within a few days without any limitations.
A company can be established and managed by persons who are not Dutch citizens.
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