TYPE OF BUSINESSES IN THE NETHERLANDS
You can opt for different types of legal structures when setting up a business in the Netherlands. Your decision depends on several facts such as expected turnover, type of activities, risks etc. It is important to discuss the pros and cons of every business structure with your advisor to make sure that the structure you choose, is the one most suitable for your situation.
Sole proprietor (Eenmanszaak)
The most straightforward way of starting your own business is through a sole proprietor. The only requirement is that you need to register the business at the Chamber of Commerce.
Partnership (Vennootschap Onder Firma)
A partnership can be best compared to a collaboration of two or more sole proprietors.
Limited partnership (Commanditaire Vennootschap)
A limited partnership is a collaboration of sole proprietors and investors. The investors don’t have an active role in the company and are not personally liable.
Legal entity with limited liability (Besloten Vennootschap)
In Dutch a B.V., can only be incorporated by a notary. The B.V. has its own liability, therefore the director shareholder is, in principle, not liable.
Using the B.V. changes the way your revenues will be declared for tax purposes. Your own salary, which you will need to take out is taxed with income taxes in box 1, and remaining profits can be paid out as dividends (taxed in box 2). Administratively, a B.V. is bit costlier to run. There are two important factors that can make a B.V. worthwhile:
- Limitation of your personal liabilities
- A tax benefit when profits are high (over appr. € 150,000 p.a.)
Would you like advice on which type of business would be the best in your situation? Broadstreet can explain all the pros and cons of the various types of businesses in the Netherlands. Broadstreet can assist in the incorporation of a Besloten Vennootschap and help you determine the best way to incorporate.
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Feedback
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!
