Tuesday, April 16, 2024

Business

How to Register a Business in Netherlands & Mauritius

company formation in Mauritius

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Netherlands Company Formation

If you are looking to start your business in the Netherlands, it is advised that you hire professionals first who are the experts in registering/ incorporating companies in the said jurisdictions as they have special arrangements in the Dutch public notaries for the incorporation of (standard) BV’s based in fixed prices including standard articles of incorporation which will provide you initially all the provisions suitable for setting up business in the Netherlands.

The incorporation procedure – step by step:

For the gathering of the information and documents necessary for the incorporation of the BV there are three relevant steps in the incorporation procedure:

1. Provide key information and digital copies of certain documents which are required for the preparation of the draft articles of incorporation and the other draft documents which will have to be provided in the course of the incorporation process (step 1);

2. The draft articles of incorporation and certain other documents and forms to be signed will be provided to you next. You will then be asked to provide approval for the wording of the articles and subsequently to arrange for sign-off on certain documents pertaining to the incorporator, directors, and UBOs. Some of these documents will have to be legalized/ apostilled. You will be specified the exact requirements when they occur (step 2);

3. You will have to provide the requested documents and forms by courier and the Dutch public notary will proceed and incorporate the BV (step 3).

Below are the specified information/digital documents which will be required in order to kickstart the incorporation procedure (step 1).

Information/docs required with regard to the BV:

With respect to the BV itself the following information is required:

  1. a) Three alternative names for the BV (in order of preference);
  2. b) If required, trade names deviating from the statutory names (in order of preference);
  3. c) The full registered address of the BV (including street and street number);
  4. d) A detailed description of the future activities of the BV;
  5. e) The nominal value of the shares (normally € 100.00 or € 1.00 per share);
  6. f) The amount of the issued share capital upon the incorporation (minimum of one share);
  7. g) The desired book year (normally calendar year, but deviating book year is possible).

With regard to the registered address: before incorporation, you will need to receive a formal document confirming that the office owner allows the BV to rent an office there (preferably a signed rental or service agreement).

Information/docs required with regard to the incorporator:

With regard to the incorporator we need to receive the following information:

  1. a) Copy of passport;
  2. b) Current marital status;
  3. c) Copy recent utility bill (or other official document confirming current living address).

Please note that the copy of the passport must be legalized and apostilled. This requirement will be specified in Step 2. In Step 2 you will be provided a draft POA that will make it possible to incorporate your company remotely. This POA will need to be legalized and apostilled further.

Information/docs required with regard to future Director of the BV:

The future director of the BV (presuming this will be a non-Dutch individual) will need to provide the following information:

  1. a) Copy of passport;
  2. b) Current marital status;
  3. c) Copy recent utility bill (or other official document confirming current living address).

Please note that the copy of the passport must be legalized and apostilled. This requirement will be specified in Step 2.

Mauritius Company Formation

The Island Nation of Mauritius has become part of the business expansion story for major corporate sectors in the last few years. Key benefits of company formation in Mauritius are demonstrated with the below facts:

* Low Tax Jurisdiction;

* Double Tax Avoidance Agreements with 34 (thirty-four) nations;

* No minimum capital requirement;

* Easy company setup process;

* Convenient time zone for eastern as well as western countries;

* Multi Culture Society and Multi-Lingual Population;

1. GBC License Company (previously known as GBC 1)

Such companies are managed and controlled from Mauritius and can take advantage of double tax treaties with various countries.

2. Authorized Company (previously GBC 2 License)

Such companies have their central management and control outside of Mauritius.

3. Domestic Company

 A company incorporated in Mauritius can be 100% foreign-owned and there is no minimum capital requirement. All resident domestic companies are eligible for the various tax reliefs that are available under any double tax treaties in place.

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