I’m sure you’ve seen a lot floating around the news about establishing in the EU after Brexit, today were chatting about getting set up in the Netherlands!
Here’s what you need to know…
– It costs approximately € 1500 to set up
– No minimum capital you have to pay in
– The corporation tax rate is 19%, pretty much the same as the U.K.
– Unlike with Ireland, you DON’T need to have a local resident director (a plus for sure)
– It takes approx 4 days to incorporate a company
Now there are two drawbacks…
1. *Potential* slight language barrier, especially (of course) when comparing to Ireland. But, a lot of the time it’s fine – and 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 is it, 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.