Setting up a Private Limited Company (BV) in the Netherlands: Notary Services

Are you considering starting a private limited company (BV) in the Netherlands? Notary services play a crucial role in the establishment of a BV, ensuring that all legal requirements are met and the company is properly registered. In this article, we will discuss the role of a notary in setting up a BV and provide estimated prices for their services.

What is a BV?

A BV, or Besloten Vennootschap, is a type of business entity in the Netherlands that is similar to a private limited company in other countries. It is a legal entity that is separate from its owners, providing limited liability protection for shareholders. This means that the personal assets of shareholders are not at risk in case of company debts or legal issues.

What is the role of a notary in setting up a BV?

In the Netherlands, a notary is a legal professional who is authorized to perform certain legal acts, such as drawing up official documents and witnessing signatures. When setting up a BV, a notary plays a crucial role in the following tasks:

  • Drafting the articles of association: This is a legal document that outlines the rules and regulations of the company, including the purpose of the company, the share structure, and the rights and responsibilities of shareholders.
  • Registering the company with the Dutch Chamber of Commerce (KvK): A notary is responsible for registering the BV with the KvK, which is required for the company to legally operate.
  • Obtaining a Dutch tax number (BTW): A notary can assist with obtaining a Dutch tax number for the company, which is necessary for tax purposes.
  • Notarizing signatures: A notary must witness and notarize the signatures of the company’s founders and shareholders on important legal documents.

Estimated prices for notary services

The cost of notary services for setting up a BV in the Netherlands can vary depending on the complexity of the company and the specific services required. However, here are some estimated prices for common notary tasks:

Service Estimated price
Drafting articles of association €500 – €1000
Registering the company with KvK €50 – €250
Obtaining a Dutch tax number (BTW) €50 – €100
Notarizing signatures €50 – €100 per signature

FAQ

  • Q: Do I need a notary to set up a BV in the Netherlands?

    A: Yes, a notary is required for certain tasks, such as drafting the articles of association and registering the company with the KvK.
  • Q: Can I choose my own notary for setting up a BV?

    A: Yes, you can choose any notary in the Netherlands to assist with setting up your BV.
  • Q: Are notary fees tax-deductible for a BV?

    A: Yes, notary fees can be deducted as a business expense for a BV.
  • Q: How long does it take to set up a BV with a notary?

    A: The process can take anywhere from 1-2 weeks, depending on the availability of the notary and the complexity of the company.
  • Q: Can a notary provide legal advice for setting up a BV?

    A: No, a notary is not allowed to provide legal advice. It is recommended to consult a lawyer for any legal questions related to setting up a BV.

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