GSL / Offshore and International Law / Offshore zones / Western Europe / Netherlands / Review of Netherlands

Review of Netherlands

Service packages «Netherlands-N. V.» Service packages «Netherlands-B. V.» Review Legislation Tax System

Corporate info

Legal system
civil law
Types of entity
Private limited liability company (Besloten Vennootschap, B.V.), Public limited liability company (Naamloze Vennootschap, N.V.), Cooperative (Coöperatief met wettelijke aansprakelijkheid/beperkte aansprakelijkheid/uitgesloten aansprakelijkheid, W.A./B.A./U.A.), Limited partnership (Commanditaire Vennootschap, C.V.) and Sole proprietorship
Shelf companies permitted
Yes
Incorporation timescale for a new company
5 days
Company suffix
Besloten Vennootschap (BV)
Sensitive words
The name must not be confusing or misleading, which means it cannot be identical or similar to an existing company’s name
Cyrillic alphabet permitted in company name
No
Local registered office
Yes
Local registered agent
No
Information to be kept at the registered office
shareholders’ register, minutes and resolutions, share transfer documents, administrative and book-keeping records
Seal required, type of seal
not required
Redomiciliation (to, from) permitted
not permitted
Your Consultant
Alexander Alekseev

Managing Partner of GSL Law & Consulting

Director and secretary

Minimum number of directors
1
Residency requirements for directors
No (but advisable for the company's residence purposes)
Corporate directors permitted
Yes
Directors’ meetings/frequency/location
Yes / annually / in the Netherlands
Disclosure to local agent
No
Disclosure to public
Yes
Company secretary required
No
Residency requirements for a secretary
No
Qualified secretary required
No
Corporate secretary permitted
No

Shareholder and beneficiary

Minimum number of shareholders
1
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
Yes / annually / anywhere
Disclosure to local agent
Yes
Disclosure to public
No
Beneficiary info disclosure to
No

Shares and share capital

Minimum authorized share capital
No requirements
Minimum issued share capital
No requirements
Minimum paid share capital
0.01
Authorized capital payment deadlines
No requirements
Issued capital payment deadlines
No requirements
Standard currency
EUR
Standard authorized share capital
No
Standard par value of shares
1
Shares with no par value permitted
No
Bearer shares permitted
No

Taxes

Personal tax
9,45-49,5%
Min. rate for corporate tax
25%
Corporate tax (in detail)
The standard income tax rate is 25%. For companies with profits of up to 245,000 euros, the tax rate is 15%
Capital gains tax
Regular rate
Capital gains tax. Details
Capital gains and dividends are included in the general tax base
VAT
21%
VAT. Details
The standard VAT rate is 21%. A reduced rate of 9% applies to some goods and services
Withholding tax
15%/0%/0%
Other taxes
Social contributions, Real estate transfer tax, Real estate tax, Inheritance and gift tax
Exchange control
No
Government fee
No
Stamp duty
No

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
Yes
Requirement to file Annual Return
Yes
Publicly accessible Annual Return
No
Audit required
No

General information shortly

Location
Western Europe
Total area
41 543 sq. km
Population
17б.594.545 (2021)
Capital
Amsterdam
National currency
EUR
Conditional reduction of currency
EUR
Against USD
0.82
Climate, average max and min t°
Temperate; marine; cool summers and mild winters; avg. maximum temperature (July) +17°; avg. minimum temperature (January) +1°
Time difference from Moscow
- 3 hours
Dialing code
+31
State language
Dutch
Ethnic groups
Dutch 80,7%, EU 5%, Indonesian 2,4%, Turkish 2,2%, Surinamese 2%, Moroccan 2%, Netherlands Antilles & Aruba 0,8%, other 4,8% (2008 est.)
Literacy rate
99% (2019)
History
The Dutch United Provinces declared their independence from Spain in 1579; during the 17th century, they became a leading seafaring and commercial power, with settlements and colonies around the world. After a 20-year French occupation, a Kingdom of the Netherlands was formed in 1815. In 1830 Belgium seceded and formed a separate kingdom. The Netherlands remained neutral in World War I, but suffered invasion and occupation by Germany in World War II. A modern, industrialized nation, the Netherlands is also a large exporter of agricultural products. The country was a founding member of NATO and the EEC (now the EU), and participated in the introduction of the euro in 1999.
Credit rating
AAA
Government type
Constitutional monarchy
Executive branch
Government: Council of Ministers, the head of government: Prime Minister
Legislative branch
bicameral parliament States General (75-seat First Chamber and 150-seat Second Chamber)
Judicial branch
Supreme Court, courts of appeal, district courts
Unemployment
4.1% (2020)
GDP per capita rank
12 (2020)
Corruption perceptions index rank
82 (2018)

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