Registration with the tax authorities
Once your company is successfully registered at the Netherlands Chamber of Commerce (KVK), the details will be automatically passed to the Dutch Tax and Customs Administration (Belastingdienst). At this point, your company will be assigned a VAT registration number.
Of course, what taxes you pay will depend on the size and structure of your company. The most common taxes are:
- Turnover tax/value added tax (omzetbelasting): a form of turnover tax that you add to most goods and services your business sells in the Netherlands.
- Income tax (inkomstenbelasting): If you are a sole trader or a partner in a commercial partnership, you will pay income tax on your business profits.
- Corporation tax (vennootschapsbelasting): If you own a private limited company or public limited company, you will have to file returns for corporate income tax in the Netherlands on behalf of your company.
- Dutch dividend tax (dividendbelasting): As a private or public limited company you may decide to distribute profits to your shareholders. This usually takes the form of a dividend. If so, you will also have to pay Dutch dividend tax.
- National Insurance contributions (volksverzekeringen): Employers withhold national insurance contributions from their employees’ wages and pay these directly to the Dutch Tax and Customs Administration.
- Employee Insurance contributions (werknemersverzekeringen): Employers pay national insurance contributions – equivalent to a social security scheme – on behalf of their employees to the Dutch Tax and Customs Administration.
Open a business bank account
When starting a new company, it’s good practice to have a dedicated business bank account to use with it.
If you are expanding into the Netherlands from another country in the Single Euro Payments Area (SEPA), the most important factor is that you have a business (IBAN) account. This means you can securely make national and cross-border payments. If you already have a business bank account in the SEPA Zone, it’s not mandatory to open a new one in the Netherlands.
However, if you are based outside the SEPA Zone and starting a new company in the Netherlands, you will be required to set up a business bank account with a bank located in the Netherlands. To meet strict financial security requirements, applications are stringently checked, and this process can take a lot of time, so do ensure you account for this in your planning.
If your move to the Netherlands has been helped by an official facilitator such as amsterdam inbusiness, you may be able to make use of the Quick Scan procedure. This is a cooperation between four of the Netherlands’ major banking institutions and it can let you know if you are eligible to open a Dutch business bank account within five working days.
Types of insurances for businesses
There are two types of insurance that concern business owners: personal insurance and business insurance.
- Personal insurance includes work incapacity and invalidity insurance, accident insurance and pension insurance. Many of these are covered by national and employee insurance schemes, which are compulsory. It is always possible to choose supplemental policies for yourself and your employees.
- Business insurance includes business liability insurance, legal expenses insurance, loss of profits insurance and others. A number of these are compulsory. For example, business liability insurance, professional indemnity insurance and building insurance. Learn more about the compulsory and voluntary insurances for businesses.
A dedicated insurance consultant will be able to advise you about what cover best suits your business activities and costs. It’s also worth looking at IN Amsterdam’s partners as you may be able to gather advice there.