Why Having a Company Secretary in a Dutch Business is Important?

In the past few years, company secretaries are being increasingly involved in governance responsibilities apart from their traditional tasks. Although it is not a legal requirement for the companies in Holland to employ a company secretary, it completely depends on the company’s internal regulations. Their presence ensures that all the requirements and regulations are complied with the authorities. Company secretary also helps in solving any legal issues which form the foundation of your business in Holland. Their role depends based on the size of the company, however, there are some general responsibilities which they have to undertake no matter how big or small the company is.

The role of company secretary in your business:

1. Company secretaries advise the board of directors on the matters regarding corporate governance and also about their duties which include dealing with guidelines, any conflicts of interests, managing the interest of shareholders etc.

2. They also help in keeping and maintaining certain statutory registers like minutes of meetings and resolutions, register of directors, members etc. and also maintain company’s records like accountancy and tax records or any other statutory compliance records.

3. They are also responsible for organising any board or general meetings, complying with the notice requirements and updating the records for your business in Holland.

Company secretaries are also known as the company’s internal housekeepers. They maintain and update all the records and ensure that the businesses comply with all the necessary regulations in Holland. In addition, there are certain obligations which the companies are required to fulfill. Although it is not mandatory for the companies in Holland to appoint a company secretary, having one will ensure that all these obligations are met in a timely manner. Finally, the decision is yours whether to employ one or not. Make it wisely after taking a thorough stock of the situation.

Top 3 Benefits of Having Your Bank Account in the Netherlands

If you are someone who intend to start your Dutch company in Amsterdam, then it is necessary to have a Dutch bank account. A bank account can be opened only after the company has been registered at the Chamber of Commerce.  It is mandatory to open an account in order to set up your Dutch business. If you are not a resident of the Netherlands, then you can face certain issues as the banks there operate in Dutch language. In such case, you can use a PayPal account or open an offshore bank account. However, there are several benefits of having your bank account. Also, you can find several agencies that can help you in this process.

Benefits of opening bank account in the Netherlands:

1. An International Bank Account Number (IBAN) number is provided to the owners after the account has been opened. This allows them to make national and cross border payments in the Single Euro Payments Area (SEPA) zone securely and easily.

2. If your company is Value Added Tax (VAT) registered, then you may be entitled for the refund of the same. So, having your own bank account in the Netherlands will allow you to receive VAT refunds quickly.

3. The money transfer cost through a Dutch bank account is very less compared to doing the same using a PayPal account. Also, it is important that both the parties should use PayPal account in order to receive payments.

Starting a Dutch company in Amsterdam can be very fruitful because of the several advantages the country offer to the investors. In order for your Dutch business to run smoothly, it is necessary to open a Dutch bank account. Apart from the above-mentioned benefits, a bank account is also required for completing money transfers and other business transactions. There are several agents who can assist you in the complete process. So, make sure to open your account to help your business succeed.

Why Following Business Ethics is a Must for Your Business to Grow?

Business ethics is an important aspect of any organization which reflects their moral code or behaviour. The decisions that are taken within the organization are influenced by the culture of the company. For your business in the Netherlands to prosper, you need to adapt to their working style and follow the code of conduct. Following good ethical practices develop trust between the employees and the management and as well as with the public which in turn leads to a productive workplace. Every successful Dutch business in Amsterdam is at the position they are in today because of following a good code of conduct.

Importance of ethics in business:

• Business ethics are important for survival of any organization. Those who do not follow such practices will not be able to sustain in the market in long run.

• To achieve a positive reputation for the business, the management must focus on following a strict code of conduct as it relates to respecting the surrounding environment, treatment of employees, and good market practices in terms of customer treatment and pricing.

• Following good ethical practices attract more employees who would want to work for the organization which in turn will reduce the recruitment cost and enable the company to get the best people.

• Business ethics are important to safeguard the rights of the customers such as their right to health and safety, right to be informed, right to choose, right to be heard etc. A business who safeguards its consumers' rights, in a way, safeguards its own existence.

If you want to set up your new business in the Netherlands, you must observe various sets of guidelines laid down by various authorities. Having an ethical business is important to succeed in the long run. The Dutch businesses in Amsterdam are well known for following a good set of practices. No business should take for granted the importance of ethics if they want to grow and survive in this competitive world.

Top 5 Business Improvement Techniques for Companies in the Netherlands

Improving your business practices is a great way to increase the value of your company. It is a process that creates gradual change with the objective of incremental business improvement over time. The goal of business improvement is not just to implement the change in process, but also to encourage the improvement in business culture.

Setting up a Dutch company in Amsterdam has a positive reputation for embracing commerce, openness and tolerance. So, once you have made up your mind for starting business in Amsterdam, the incorporation agents can help you in setting up and improving the business. There is no one particular technique that can help in the improvement, but there are certain techniques which when implemented together will ensure the success of the organization.

Improvement techniques for successful businesses:

1. Business improvement is all about execution. Companies should choose goals which have realistically high chance of being achieved, based on the organization’s ability to execute.

2. Making the processes efficient will involve fewer steps and less time to execute which will in turn reduce the cost and increase the business efficiency.

3. Seek out low-cost, high impact marketing strategies to improve your business. Social media is an excellent way to promote your business and make it more attractive.

4. Follow a good code of ethics will help develop your customer relationships and in turn help to achieve further growth.

5. Improving your business relationships is also an important factor in ensuring success. There are several agencies that assist in improving business contacts between other companies and your Dutch company in Amsterdam.

Business improvement techniques are proven methods and concepts of how an organisation can implement a cultural change. If you are planning for starting business in Amsterdam, there is plenty of information available online which can help you to improve your efficiency using various modalities. This business improvement should be a continuous process to harness the benefits for your organization.

Top 3 Trending Business Types and Industries in Holland

Netherlands is one of the most attractive business locations that offer several advantages to new entrepreneurs and investors who are planning for opening a company in Holland. It is appealing for investors because of its lack of restrictions, simple tax structure, and ease of incorporation policies. Innovative technologies have made their way there and many people have also invested to make their company in Holland welcome data centres and cloud computing techniques. To start a successful business, you must know about the top emerging and trending business in the Netherlands.

Top 3 trending business industries:

1. Agriculture and food

The Netherlands is one of the world’s largest exporter of agricultural and food products. Thanks to a wealth of agricultural knowledge, fertile soil, intensive farming, quality of produce, and trading expertise, their food products are exported all over the world. Many companies have their R&D centres located in Holland. If you wish to setup a business in this part of the world, then opening a company in Holland is the right option to start with.

2. Creative industries

The Dutch creative industry is gaining international popularity and has a strong reputation in the field of interior design, gaming, fashion, and architecture. They develop new ideas, strategies and methods and help to look at complex and social issues in new and refreshing ways.

3. Energy

The Netherlands also has a strong holding in the area of renewable energy and a leading position in wind energy, biomass processing and greenhouse farming. The energy sector contributes substantially to the national income, exports and employment. They are experimenting with energy from waves, algae and biomass and the Dutch have developed innovative solutions in greenhouses, CO2 ‘recycling’ and waste heat utilisation for their energy intensive horticulture industry.

From the infrastructure to their workforce to all the practical things you need for running a business, Netherlands provide everything. If you are planning on opening a company in Holland, make sure to focus and research all the flourishing key sectors to make sure that your entrepreneurship can continue to grow.

Top 5 Expert Tips to Improve Your Small Business

Marketing is the key to survival for any business. The main motives of a business are to improve their products and service and work hard to satisfy their customers. If you want to improve your business, you need to focus on the right tasks and make realistic improvements. Understanding the cultural backgrounds of Dutch business and its trends is also important to improve and succeed in your business. So, to keep your Dutch business in Amsterdam ahead, you need to stay up to date with latest marketing trends and strategies.

Tips to improve your business:

1. Business goals cannot be accomplished in one day. So, strive for continuous improvement and work hard continuously to improve the process and thereby your result.

2. Business automation is a necessity in today’s competitive world. Resorting to this saves your employees’ time and allows them to do more productive tasks that require critical evaluation.

3. In case of any problem, encourage your staff to have a face to face interaction as this speed up the process of solving a problem or answering any question.

4. Make it a point to hold a daily 10-minute meeting with employees to keep everyone in the loop with the happenings or for any celebration of accomplishments.

5. Make use of a task management software which helps everyone work together more efficiently, track their progress, and stay on task.

If you own a small business, you need to have a marketing strategy tailor made for you. To ensure the success of your Dutch business, make sure to keep the above-mentioned tips in mind. Realize that failures are merely steps in our progress. Successful entrepreneurs follow a certain procedure which has been gained from years of the experience through their mistakes. So, thorough trial and error, regular feedback and your experience, you will be able to monitor what is working to improve the efficiency of your Dutch business in Amsterdam.

Holland is a Growing Market: Why You Should Invest in Holland?

Holland is offering great opportunities for entrepreneurs. It is a wonderful place to start your business and a beautiful place to live. Read the blog below to know about a few benefits of starting your company in Holland or expanding your existing business operations.

1. Modern and efficient workforce 

Holland has multilingual and highly educated people. They set the pace right for greater productivity and has a wide range of capabilities to give kick-start to your business. They are talented, intelligent, and self-motivated people who can speak many languages which serve as an added advantage for your business. Dutch people are fluent in English language because it is the international business as well as technology language.

2. Strategic location

Holland offers excellent location, is the center of the world, and a perfect place for all global companies to welcome millions of customers. It is the global hub and setting up your business in Holland opens the door for local and international customers. Holland is close to Europe, so you can get access to European customers as well. It is home for acquiring new customers, attractive test markets, and an open culture.

3. World-class infrastructure

Company in Holland offers wonderful infrastructure to enhance your business’s performance. It has world-class airports, extensive network of highways, railways, and sea ports. Your business would prosper without facing any connectivity issues because the region has a great broadband network as well.

4. Taxation and other support

The Dutch government offer easy to follow and investment-friendly income tax systems to ensure it is easy and profitable to invest in Holland. They are attracting more and more companies across the globe to set up or expand their business in this part of the world. They offer great immigration options to the new entrepreneurs. They offer great business and legal support services to encourage international business.  They have simplified their business ownership requirements to allow new people to start or invest with less capital for enjoying better profits.

Do you want to explore the business opportunities and expand your business in Holland, and then what are you waiting for? Connect with a reliable agency right now and start the process of setting up your new business in Netherlands.