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.

Top 3 Common Accounting Trends to Follow for Avoiding Accounting Mistakes

Accounts can be difficult to understand, especially if you are starting a new business in Netherlands. If you are a new entrepreneur, it is better to hire the local agencies that can help in establishing start-ups in Netherlands. It is always recommended to take professional services for accounting and book keeping so that your journey as new entrepreneurs becomes easy and smooth.

Accounts play a crucial role in any Dutch company and you can avoid some common mistakes by hiring certified accountants. Small businesses lack the efficiency and staff to look after their accounts. In such a scenario, the accounting experts can help. Here’s a look at the common accounting mistakes that can be avoided by Dutch business with the help of a professional:

1. You can prevent calculation mistakes as these mistakes often costsa lotto the company.

2. Hiring a professional will save you from the last minute hassle of sitting with the piles of paper and files. Last minute pressure can often affect your efficiency and may end up in making accounting errors.

3. By hiring a professional you will be able to gain maximum financial benefits and prevent missing out on any benefit.

4. The accountant will be up to date with newer tax regulations, benefits, and important laws as well, thus, helps your company to be in the list of fair and legal companies operating in Netherlands.

Following are some of the common accounting trends to be followed by a new entrepreneur to make your business a huge success:

• Data -The data and IT will help the accountant you have hired in adding value to your business records and capturing the data correctly. They can further use this validated data sets for supporting their advices.

• Cloud -The Cloud trends as weall know is getting bigger and bigger. This will enable the accountant to access your finance-related data from anywhere at any given time.

• Blockchain - Most of us have hard about the blockchain used by cryptocurrencies. But did you know that they can also be used by the accountants for speeding up the process of compliance, auditing, and reconciliation for your Dutch Company.

Explore the web for more information and suggestions on how to hire the right accountant for your Dutch business to look after your finances.

Reasons Reveled: Why Holland is The Best Place to Start New Business?

According to a recent ranking by Forbes, Netherlands is one amongst the top ten countries for doing business. Holland, which is advantageously located in the front part of Europe, offers lucrative access to the European main market for businesses. Holland also has highest number of museums in the world that makes is rich in culture and history.

As per the statistics published by US news, Holland – Netherlands has been ranked 11th for ‘Entrepreneurship’ and ‘Open to business’ categories. Adding onto that, due to favorable tax structure, starting a new company in Holland becomes an attractive idea for a mass of people.

A few considerable and evaluative things that is good to know about Holland:

1. People in Holland, Netherlands are highly educated and have multilingual capabilities.

2. It offers high class infrastructure that could be supportive of commencing a new business.

3. Another striking point is that the Netherlands government practices are immensely strong and transparent, making it a welcoming place for new business opportunities.

4. Apart from starting a Dutch company in Holland, there is a vast variety of global players getting into Netherlands for stomping their feet in the country of opportunities.

5. Holland offers the best quality of life and living conditions along with adequate business prospects.

6. The technology industry has a high scope and stability in Netherlands. Setting up Technology Company in Holland is something that will flourish soon and give higher returns on investments.

7. Holland is ranked one among the best in digital telecommunication due to its quality, swiftness and dependability.

8. Holland has robust international alliance capabilities.

9. Netherlands has strong and advanced education and healthcare system making it a great place to live

If you are willing to learn more about the process, pros and cons, and feasibility of starting a Dutch company in Holland, you should visit the web to discover more about working conditions and benefits.

Advantages and Disadvantages of Setting up Business in Netherlands

If you are looking for a place that could be as lucrative as your business idea, Netherlands is the hub! Primly positioned in the front gate of Europe and nicely connected with major cities, starting business in Netherlands becomes highly promising. As they say there are two sides of each coin hence we have tried evaluating a few pros and cons for choosing Netherlands as your country for business opportunities:

Advantages of setting up your business in Netherlands:

1. Language

In most part of the country, you can communicate in English language. You will find minimal people who only prefer to speak Dutch. Hence the language barrier constraint is bleak as English is widely accepted and interpreted language.

2. Skilled Employees/associates

Government of Netherlands believes in imparting education to its entire people. Hence you will find up skilled associates and workers for your business. If you are looking to setup your business in Netherlands, you will have a pool of logic and skill around you.

3. Tax advantages

If you are a foreigner who is looking to establish business in Netherlands, one benefit that you will have that the tax system in here is really easy with no restrictions when dealing with foreign currency.

4. Easy incorporation

The process of setting up a business in Netherlands is very easy. It includes less paperwork and least capital investment, unlike many other countries, to begin your dream business. The country allows people to flourish their business ideas into a profit-making affair at the earliest.

Disadvantages of setting up your business in Netherlands:

1. Less financial assistance

You will get less financial assistance while in Netherlands. There are more private funders than government aids.

2. Employee centric and Dutch dominated environment

This country is dominated by employee benefits with very less power to employers.  Dutch law entitles them with job security which leads to mentality of right in many Dutch employees.

Besides the above, there are advantages and disadvantages to everything, hence, it is important to know your priorities and be cautious in evaluation before starting business in Netherlands.

Some Essentials You Should Consider Before Opening a Business in Holland

Are you looking for starting your business in Holland? Are you confused about what to expect when starting a business and getting it registered? Fret not as there are many consulting companies who are happy to help. These companies help entrepreneurs in establishing new firms in Holland.

They are basically the service providers for formation of your business Holland. Right from the scratch, they can help you in starting company in Holland. Though you can operate your business in Holland from a distance, you need to come here for establishing it and registering your presence in the local market. You can come to Netherland and Schengen area in Europe as you have free access to the Schengen countries.

How to start business in Netherlands?

One of the most common forms of businesses chosen by most entrepreneurs is a BV company for establishing their business Holland. The only requirement for establishing a BV company is that it needs a registered address in Holland. The BV is divided into shares which are owned by shareholders. These shares can easily be transferred. A BV Company also needs at least one director. The shareholders and directors don’t need to be Dutch residents.

What do you need for company formation on Holland?

-  If the shareholders are directors are an individual, we need:

• Copy of passport

• Proof of living address- gas and electricity bill

• Marital status

-  If the shareholders and directors are a company, we need:

• Original extract from the foreign trade register

• UBO- declaration

• A copy of the deed of incorporation of the company.

Explore the web for more information and suggestions on choosing the right company that can help in starting company in Holland.

Why Is It Beneficial to Set Up Your Business in Holland?

Many people aspire to open a business in Holland and why not? Because of its central location, the country has ideal base for global and European headquarters of international companies. Holland has always fascinated people for doing business as it is a major trade hub and has an open economy.

As a highly developed country, Holland has lot to offer for companies and people who aspire to live and establish Dutch business in Holland.

How it is to work in Holland?

The Dutch tend to speak their language but most people understand a fair amount of English, French, and German language. This can be attributed to their high standards of education and the belief among people that knowledge of foreign language can be a big advantage. The Dutch quite easily travel cross border. It is also a multicultural country. Also, what works in their favor is the political and financial system which is quite stable. This works in your favor when you aspire to operate your Dutch business in Holland.

You must also know that the tax regulations are relatively beneficial for the foreign investors and companies planning to setting up business. It is a good signs that the Dutch government and community welcomes the foreign companies and offer all type of support and information that you need to make your stay easier. If you are planning for starting business in the Netherlands, then simply get in touch with the right company that can handle all legal formalities on your behalf and gives a streamline support during the setup.

Another fact that fascinates people is that the distance between major cities is small and the infrastructure is well developed. It applies to IT infrastructure as well and you won’t be surprised to know that the Dutch are tech savvy people. You should be glad to know that Holland is considered as the test market for trying new services and products for European market.

Explore the web for more information and suggestions on choosing the services that can help in starting business in the Netherlands.

How to Set Up a Dutch Company in the Netherlands?

The process of setting up business in the Netherlands is quite straight forward. There are lesser complications as you simply need to follow the standard procedure. Also, there are local agencies that help in establishing Dutch company at every step.

Here’s a look at guide for setting up Dutch company in the Netherlands:

Can you set up a business legally in Netherlands?

If you are an EU citizen, Swiss citizen, or member of the EEA, you are free to live and work in the Netherlands. However, if you are a non-EU citizen, you would need to apply for work permit. The consulting company will guide you on the procedures required for getting visas and permits.

What are the various legal forms of companies?

If you are planning to establish Dutch business in the Netherlands, you need to decide the form of company. The three options are:

• Sole trader
• Limited partnership
• General partnership
• Private limited liability company

- Registering the Trade name

The name you select for your business needs to be unique for the sector and region that you are planning to work. It should meet the conditions of the Trade Name Act. The registration takes place at the chamber of commerce, the registration should take place within a week of opening the company.

- Tax authorities

Once the registration of the Dutch business is done, you will be automatically registered with Dutch tax authorities. They will then issue a VAT registration number so that you can send invoice to your clients and pay taxes.

- Accounting

Every business in the Netherlands needs to keep a record of the accounts for up to seven years which includes invoices, invoice to pay, expenses related to business activities, etc.

- Insurance

You should insure your business to protect it from unforeseen misfortune.

Explore the web for more information and suggestions on establishing your Dutch company in the Netherlands.

Simple Yet Effective Tips That Can Help You to Do Business with the Dutch

Netherlands is hands down one of the most preferred locations for opening business. Whether you are a new entrepreneur or someone planning to expand your business globally, Netherlands can offer great opportunity.

However, when you decide to register company in Netherlands, you should try to get a glimpse of how it is to deal with people in Netherlands and how to make the most of your interaction for succeeding.

Here’s a look at some tips that can help in doing business with the Dutch people:

1. Be polite and informal

For your business in Netherlands, you need be humble and polite when interacting with Dutch people. As compared to other parts of the world, Dutch people can be quite informal at work. It is important for management to interact in friendly manner and address people by first name.

2. Direct and honest

This is one trait can help you in going places. In spite of the informality of the Dutch business culture, beating about the bush is not appreciated. It is good to be as straight forward as you can to foster great work relationship with people of Netherlands. Also, try not to be offended by honest opinions of others.

3. Meetings can help

Meetings are very common in Dutch work scenarios and a lot of decisions and deals can happen over meetings. The meetings can be regular office meetings or lunch and coffee meetings.

4. Negotiation

You should be tactful with negotiations as this is one quality that you may need when dealing with local people.

5. Stick to the word

Whatever is decided mutually should always be followed. Key element of working with Dutch people is keeping the faith and delivering the promised outcomes. Negotiating at last minute will never be acceptable.

Explore the web for more information and suggestions on how to choose the right consulting agency that can help you to register company in Netherlands. Ask the service providers to help in establishing business in Netherlands and ask questions at every step to stay clear and updated.

What are the Basic Essentials of Starting a Company in Holland?

If you are planning to establish you new business in Holland, there are certain rules and regulations that you must make yourself aware of. It is not easy to establish a new start-up or expand your existing business at a new location.

However, there are specialized firms that can help in establishing your company in Holland. You just have to connect with them and pay them for their service. These services guide you and help in getting through the procedures and getting permits.

Here’s a look at some essentials of opening company in Holland:

1. Are you eligible to stay in the Netherlands?

Entrepreneurs in Holland need to fulfill few conditions especially if you are not an EU citizen. You will have to apply for a temporary or permanent residence permit also.

2. How to begin?

Once you have decided the business idea, you need to find out what conditions apply to your specific situation. Owners of the new business also need to choose the legal structure which will decide the tax obligations for your company in Holland.

3. The registration process

You will have to get your Company Holland registered in the Dutch Chamber of Commerce where you will receive a VAT number. You will also have to decide a trade name so that you can get the company registered.

4. If you need professional qualification or not?

You do not usually need a separate qualification for establishing business in Netherland but certain professions may require professional qualification.

5. Environmental regulations

If your business can impact the environment in any way, you need to submit the notification of environmental management to local municipality or apply for All-in-one permit for physical aspects.

Once you create business account and get insured, you can further begin your business.

Explore the web for more information and suggestions on the guidelines to follow while opening company in Holland

Top 3 Reasons: Why You Should Think of Starting Your E-Commerce Business in the Netherlands?

The Netherlands is famous for a lot of things from its wooden shoes to the tulips, and Anne Frank House to Louis Van Gaal. It is also one of the places with highest internet penetration. These days’ people love to shop online and with such huge internet penetration, consumers definitely shop a lot online.

This makes for a significant reason for you to capitalize on the opportunity and think of establishing an e-commerce business in the Netherlands. Here’s a look at some reasons why you should be starting business in the Netherlands for tapping the e-commerce market.

1. English is widely spoken language in the Netherlands

Did you know that English is one of the widely spoken languages in the Netherlands? People in Netherland prefer speaking English as a foreign language; as many as 90% of the people. The percentage is higher than countries such as Sweden, France, Denmark, Belgium, or Spain. So if you contemplate to start your e-commerce website, you don’t need to translate it as Dutch people are versed with English.

2. Amsterdam is the hotspot for start-ups

Experts say that Amsterdam is the best place if you are thinking of internet start-ups because of the cutting-edge technology and the state-of-the-arts there. Not just that, Amsterdam has also created a great work culture for the app makers as there is an amazing ecosystem for software development in the capital.

3. Highest Internet penetration

Since the Dutch people love to go online, you should love it too! Studies show that the Netherlands have one of the highest fixed broadband internet connections. In fact, the Netherlands ranks number 5 in the top 10 countries with fastest internet connection in the world. Also, the mobile phone internet user base has increased from 47.1% to 56.8%. These are all positive signs for your business in the Netherlands.

Explore the web for more information and suggestions on starting business in the Netherlands in the e-commerce sector.