The Netherlands: BV
Why is it beneficial for a company to incorporate in the Netherlands?
The Netherlands is one of the most attractive European locations for incorporating a company. This highly developed and innovative country boasts a strong economy, an impressive number-four ranking by the freedom to trade internationally and offers a considerable level of economic freedom according to the 2019 Fraser Institute report. Here are some main points to highlight what makes the Netherlands a great place to incorporate your business:
The Netherlands is one of Europe’s most significant economies and a strong competitor in a variety of business sectors, including banking, services, and manufacturing. The industry is booming with the production of electronics, machinery, food and so forth. The country has an advanced finance sector, with the Amsterdam Stock Exchange being one of the leaders worldwide.
This gem of de Lage Landen not only is just one short flight away from most places in Europe, but also its coastline ensures that the location is of international significance. Dutch access to the North Sea enables a vital transportation route connecting Western Europe with other continents and thus rendering the Port of Rotterdam one of the most important worldwide.
Taxation and legal system:
The dutch tax system is extremely appealing: the corporate tax rate depends on whether the profits exceed €200,000. If not, the corporate tax amounts to only 16.5% and is expected to sink to 15% by 2021. Furthermore, the Dutch tax system rewards innovation with the so-called Innovation Box. Taxpayers based in the Netherlands can get their effective corporate income tax rate reduced to 7% on eligible profits (2019). The incorporation process allows for certain flexibility – in fact, setting up a company in the Netherlands has never been easier. Although a Dutch notary is necessary for the incorporation itself, (which can be taken care of by Clevver, if you wish so), the directors and shareholders of the company don’t usually have to be present.