Register the Ultimate Beneficial Owners

Register the Ultimate Beneficial Owners

An ultimate beneficial owner (UBO) is an owner or a person responsible for a business. As an EU state, the Netherlands has set in place an EU regulatory framework that requires all states to store data on all UBOs in special registers. Such a registry has been enabled in this…
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Tax Deductions and Exemptions in the Netherlands

Tax Deductions and Exemptions in the Netherlands

Individuals and companies in the Netherlands have plenty of benefits. From great living, respectively business conditions to tax exemptions and deductions, to name just a few, the Dutch authorities provide various advantages to both categories. When it comes to taxation, there is one difference between the levies applied to residents and non-residents and…
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The Tax Declarations to Submit in the Netherlands

The Tax Declarations to Submit in the Netherlands

In order to pay taxes in the Netherlands, both individuals and companies must file tax declarations in order to have the amounts due calculated. There are several differences between the tax returns that need to be filed by natural persons and legal entities, but these differences also appear when it comes to the…
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Wealth Tax in the Netherlands

Wealth Tax in the Netherlands

Dutch citizens and foreign nationals living in the Netherlands are subject to similar taxation rules, however, they can also benefit from some of the most appealing allowances in Europe. One of the taxes that needs to be paid by private individuals is the wealth tax. The wealth tax in the Netherlands is levied on various…
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Fiduciary Services in the Netherlands

Fiduciary Services in the Netherlands

Operations that cannot be completed by someone in person can be entrusted to a fiduciary. This principle applies in the Netherlands in relation to various actions. In most cases, the fiduciary is met in the financial sector which provides for specific duties and power of fiduciaries. In time, the services provided by a fiduciary have extended in other…
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Create a Dutch Company for Manufacture of Food Products

Create a Dutch Company for Manufacture of Food Products

Agriculture and manufacturing are two of the most important economic sectors of the Netherlands, together representing a large percentage of the food industry. Those who want to invest in any of these industries can set up Dutch companies for the manufacture of food products. The opening of a company for the manufacture of food products in…
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Dividend Withholding Tax in the Netherlands

Dividend Withholding Tax in the Netherlands

Companies in the Netherlands are subject to various accounting and taxation requirements. In terms of taxation, Dutch businesses must pay the corporate income tax which is a direct tax imposed on their profits, as well as other taxes, such as withholding taxes imposed on dividends, interests and royalties. After various discussions started a few…
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Main Differences between a Dutch Subsidiary and a Branch

Main Differences between a Dutch Subsidiary and a Branch

Foreign companies seeking to set up operations in the Netherlands have three main options: the branch office, the subsidiary, and the representative/liaison office. Out of these, the first two will allow them to undertake commercial activities in the Netherlands, while the liaison office can be created as a temporary office for marketing and research…
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Management Board of a Company in the Netherlands

Management Board of a Company in the Netherlands

Opening a company in the Netherlands implies respecting several requirements imposed by the Company Law. However, there are also other laws which provide for the registration of companies in the Netherlands, among them being the Corporate Governance Code which covers various aspects related to the management of Dutch companies. All Dutch businesses must have directors…
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General Tax Credit System in the Netherlands

General Tax Credit System in the Netherlands

Both local and foreign citizens can benefit from the tax allowances and deductions available in the Netherlands. These are all gathered under the general tax credit system in the Netherlands. Those who want to relocate in the Netherlands and thus benefit from the general tax credit will first need to obtain a work contract with a local…
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