Here at Jamieson Law, we’re here to help you navigate the often tricky waters of Brexit as a business owner. We’ve discussed setting up a subsidiary in the EU for access purposes in Ireland, now the Netherlands is up next.
Could setting up a subsidiary company in the Netherlands be for you after Brexit?
Here’s what you need to know:
- It costs approximately €1500 to set up in the Netherlands
- No minimum capital is necessary to pay in when setting up
- The corporation tax rate is 19%, pretty much the same as the UK
- Unlike with Ireland, you DON’T need to have a local resident director, which is a bonus
- It takes approximately 4 days to incorporate a company here
Now there are two drawbacks:
1. There is a *potential*, slight language barrier, especially when compared to Ireland. But, a lot of the time it’s completely fine. In fact it seems 90-93% of the Dutch population can speak English!
2. This one causes bigger issues – the EODBI (Ease of Doing Business Index) rating. This takes into account things like how efficient it is, how easy it is with the language, how easy it is to get things done etc.
The higher the rating number, the harder it is to do business in that country. Now the Netherlands rating is 42, compared to 24 in Ireland. So that’s just something to bear in mind when considering establishing there
Other points aside, the Netherlands were voted 3rd best country in the world for business in 2018, so that’s a definite plus!
All in all, another option for you to consider.