For the first timers out there trying to open up a business in Netherlands is not that easy. It calls for some impressive help, as you need to understand the legal norms involved in this category. There are mainly two legal ways of Starting a business in the Netherlands; one is limited liability and another one is non-limited liability company. If you are going for the cheaper and easier option with less maintenance, then non-limited liability option might prove to be of great choice. But, during such instances, our personal assets will be on fire line in case you are sued or bankrupted. This is not in question with limited liability one.
Common used entities:
You need to be aware of the commonly used entities, which are associated with starting business in Netherlands. One such example has to be Dutch bv, which you need to learn more about. Now, people might get confused between BV and Dutch branch sometimes, while trying to establish a business. The biggest difference between these two options is that with BV Company you might have to go to notary. On the other hand, there is a downside with Dutch branch. Here, the foreign firm in home country is said to have full liable for everything, which the Dutch branch is up to.
Setting up steps:
If you are planning to set up a BV company, the first step is to add the BV means as noted by the civil law notary. After execution takes place, the incorporation deed has to be signed by parties. None other than the civil law notary of Dutch will then register the BV Company with Dutch Chamber of Commerce. After that, the tax authorities will issue tax numbers and a Dutch bank account will then be opened under the BV name.