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We incorporated our startup in the Netherlands because that's where one of the founders lived. It took a couple of months of sending various documents back and
by entropyneur 11y ago
We incorporated our startup in the Netherlands because that's where one of the founders lived. It took a couple of months of sending various documents back and forth and required 18K EUR in cash (recoverable) as well as some non-trivial expenses for various fees. Fast forward a few years, we sold our app and liquidated the company. The amount we received in cash before income tax is less than half of what was paid to us. I feel like I was working for the Dutch government this whole time. Obviously not happening again.
- roel_v 11y agoThen you weren't informed/advised properly, because it's possible much easier and cheaper, especially for digital goods suppliers. But yes, if you naively follow the simple interpretation of the law and/or what the website of the tax office says, you'll get shafted.