INCORPORATION OF LEGAL ENTITY (SUBSIDIARY)
A legal entity can only be incorporated trough a notary. Once incorporated, the legal entity will be registered with the trade register. In the incorporation deed, the incorporators list the scope of the business, who will be appointed as the first directors, and who will be the shareholders. Different types of shares can be issued in order to expand or limit the shareholder’s authorizations or entitlements.
Liability
The legal entity has a limited liability. Therefore, the shareholders are only liable for debts to the extent of their investment. However, in case of severe mismanagement the directors can be held responsible and become personally liable.
Tax
Depending on the activities of the legal entity, it will be subject to corporate tax, payroll tax and sales tax. For all these taxes the regular tax rules apply. The corporate tax rate is 20% for the first 200K profit and 25% for the surplus.
Profit distribution
The net profit of the legal entity can be paid out to the shareholders as a dividend. Depending on the tax treaty between the Netherlands and the country where the shareholders are located, the withholding tax rate will be between 0% and 15%. Of course, it is important to check how the country where the shareholders reside taxes the foreign dividend.
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Daniel Sokolov
14:41 06 Dec 18
Thank you Broadstreet!!!first I have to say that my knowledge in taxes is 0%.I'm checked a lot before I find a Broadstreet team and I'm really glad.they are professional helpful and helped me step by step with everything what I ask for.Thanks again to everyone
Dehlia Kruger
14:08 01 Sep 18
We are extremely happy and satisfied with the service we received from Broadstreet, Elisabeth Bouwer in particular. Financial information was accurate to the cent, and every promise given was kept. Highly recommended!
Susie Breuer
15:33 30 Aug 18
I have used Broadstreet for around 10 years for tax purposes within Holland. I found them knowledgable, responsive and very professional. I would highly recommend them as an expat tax service.
Benedict Carey
13:43 06 Nov 17
Having been bounced around a few tax advisors and almost got my self in hot water by being told the wrong thing, I got a recommendation from another person who had a similar business structure to me. The Broadstreet advisor was efficient and thorough and provided a comprehensive and understandable summary of how to deal with my situation. Relocating between regimes with complex tax laws is never going to be straightforward, at least these guys do put the effort in ... beware of others who will make a suggestion and then disappear when it goes haywire!
marco lirio diaz
09:41 24 Jun 17
Great services,thorough and real professionals. As an expat I highly recommend Broadstreet. I had some issues with my tax and they manage to solved the problem avoiding a penalty fee. If you don't want to worry about the complex Dutch Tax, I recommend to leave it on their hands to be sort it for you.
Deny George
18:08 19 Dec 19
Fantastic service and professional advice in really fast time manner. My advisor was Anne and she did excellent on explaining how the tax system works in my case what to do and how to manage to get around as Expat worker who just moved to Netherlands. Absolutely recommended!
Dimitrios Vlachopoulos
22:25 19 Dec 19
Excellent experience with the creation of my BV, as well as 30% ruling. I enjoy working with Elisabeth, who is very responsive and efficient
Nestor Leal
09:03 12 Nov 19
Broadstreet has been a true partner in all my business affairs in the Netherlands. They provide honest, accurate and useful advise in tax, payroll and accounting matters.They will help your business thrive. ;-D
Ari S
14:22 04 Dec 19
Absolutely HORRIBLE firm. Rude people and totally unknowledgeable. It took another firm a year to fix all the issues/mistakes Broadstreet made on my taxes and 30 application. They tried to charge me additional fees to fix their mistakes.DO NOT RECOMMEND AVOID AT ALL COSTS
James Mckerrow
08:38 29 Jul 19
This firm is Absolutely Excellent! Consultancy and Execution is 1st rate - probably the best ever experience that I have had with a Dutch company!
Deny George
18:08 19 Dec 19
Fantastic service and professional advice in really fast time manner. My advisor was Anne and she did excellent on explaining how the tax system works in my case what to do and how to manage to get around as Expat worker who just moved to Netherlands. Absolutely recommended!
Marcio Gualtieri
18:23 08 Mar 20
As other reviewers have mentioned, transparency regarding pricing is a big issue with them... It seems like my experience was not an isolated case... They were very responsive in the beginning when trying to get me on board, after that not so much... Definitely lacking quality and professionalism. Not good value, certainly overpriced...
Giacomo Ferrero
12:08 22 Jan 20
Top quality services provided to me last year. They were always very attentive and professional and would definitely work with them again.
Dimitrios Vlachopoulos
22:25 19 Dec 19
Excellent experience with the creation of my BV, as well as 30% ruling. I enjoy working with Elisabeth, who is very responsive and efficient
Nestor Leal
09:03 12 Nov 19
Broadstreet has been a true partner in all my business affairs in the Netherlands. They provide honest, accurate and useful advise in tax, payroll and accounting matters.They will help your business thrive. ;-D
tokinembourg2 .
08:54 11 Mar 20
Been using Broadstreet services for many years now, for different topics such as business and private. Always responsive, good follow up. A good partner I trust for their advices too. I'd like to add business relationship comes down to human relationship. A big plus to Elizabeth Bouwer for her support who is always helping me. Highly recommended.
Sarah Qabbani
11:35 12 Mar 20
I had a great experience dealing with Broadstreet. Everyone I spoke to were super nice and helpful. They were patient with me gathering so many documents for my application and they made sure my application was complete for better chances of getting the 30% ruling. I highly recommend their services.
Caroline Villamizar Duque
17:40 12 Mar 20
I have had a good experience setting up a BV as an expat recently arrived here. Their advice was solid and they have introduced me to other suppliers including a notary and an immigration lawyer who have been very useful and professional, with all working well as a team. They are also really fast at responding which I have realised is not the norm here. Would recommend.
Bret Sewell
17:46 07 Apr 20
My family moved to the Netherlands and needed cross-border tax expertise for both our NL business and our personal income taxes. Broadstreet was an exceptionally good partner, making the tax planning and execution aspects of our move and U.S. repatriation seamless and worry-free for us. Broadstreet's deep knowledge of complex cross-border tax matters, ability to work with our U.S. CPA, efficient online systems and processes and superb responsiveness made us a very happy client. I would wholeheartedly recommend Broadstreet to other clients in our situation.
Tony Van Guy
09:12 15 Apr 20
We couldn't recommend them. They will do their best to get you on board but after awhile they will send you over price invoices. We had a terrible experience with this company.
paul van der Vegt
07:30 24 May 20
Always good advice and swift response from my consultant Elisabeth Bouwer. Top service!
