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Doing Business in the Netherlands 2012 - American Chamber of ...

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2 Legal Forms <strong>of</strong> <strong>Do<strong>in</strong>g</strong> <strong>Bus<strong>in</strong>ess</strong><br />

<strong>Do<strong>in</strong>g</strong> <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>the</strong> Ne<strong>the</strong>rlands <strong>2012</strong><br />

A company may engage <strong>in</strong> bus<strong>in</strong>ess <strong>in</strong> <strong>the</strong> Ne<strong>the</strong>rlands through a<br />

Dutch hold<strong>in</strong>g company, a subsidiary, or a branch. Compared with<br />

<strong>the</strong> laws <strong>in</strong> many o<strong>the</strong>r EU countries, Dutch corporate law provides a<br />

flexible and liberal corporate framework for <strong>the</strong> organization <strong>of</strong><br />

branches and subsidiaries by (non-resident) companies or private<br />

<strong>in</strong>dividuals. There are no special restrictions on foreign-owned<br />

companies plann<strong>in</strong>g to start a bus<strong>in</strong>ess <strong>in</strong> <strong>the</strong> Ne<strong>the</strong>rlands.<br />

2.1 Branch<br />

The organization <strong>of</strong> a branch <strong>of</strong> a foreign company <strong>in</strong> <strong>the</strong> Ne<strong>the</strong>rlands<br />

does not require prior governmental approval. The foreign company<br />

should file <strong>the</strong> follow<strong>in</strong>g documents and data with <strong>the</strong> Trade Register<br />

<strong>of</strong> <strong>the</strong> <strong>Chamber</strong> <strong>of</strong> Commerce:<br />

� For <strong>the</strong> branch: <strong>the</strong> name, pr<strong>in</strong>cipal place <strong>of</strong> bus<strong>in</strong>ess <strong>of</strong> <strong>the</strong><br />

foreign company, a short description <strong>of</strong> <strong>the</strong> actual bus<strong>in</strong>ess<br />

activities, number <strong>of</strong> employees and full address <strong>of</strong> <strong>the</strong><br />

branch. A (local equivalent <strong>of</strong> a) trade registry extract as well<br />

as <strong>the</strong> articles <strong>of</strong> association <strong>of</strong> <strong>the</strong> foreign company are to be<br />

submitted.<br />

� For <strong>the</strong> directors <strong>of</strong> <strong>the</strong> foreign company: <strong>the</strong> full name,<br />

address, date and place <strong>of</strong> birth and nationality and authority<br />

to represent <strong>the</strong> foreign company, signature and certified copy<br />

<strong>of</strong> an identity card (passport or driver’s license).<br />

� For <strong>the</strong> branch manager (no residency requirement): <strong>the</strong> full<br />

name, address, date and place <strong>of</strong> birth, nationality, extent <strong>of</strong><br />

power and authority to represent <strong>the</strong> branch, signature and<br />

certified copy <strong>of</strong> an identity card (passport or driver’s license).<br />

� The annual accounts <strong>of</strong> <strong>the</strong> foreign company filed locally are<br />

to be filed with <strong>the</strong> Trade Register <strong>of</strong> <strong>the</strong> <strong>Chamber</strong> <strong>of</strong><br />

Commerce.<br />

Baker & McKenzie 23

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