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Which doesn't exist in the Netherlands. As a BV (the Dutch equivalent of a GmBH), you're obligated to have a CEO-equivalent person, which you're by law forced t
by AllegedAlec 7y ago
Which doesn't exist in the Netherlands. As a BV (the Dutch equivalent of a GmBH), you're obligated to have a CEO-equivalent person, which you're by law forced to pay a market-conform salary, or, even if you're not doing this, you are still forced to pay taxes as though you did.
- vekker 7y agoYou have other options, like VOF or CV, if you have funding constraints. Here in Belgium there's the "starters-BVBA" which is the equivalent of the 1 euro GmbH. Yes, there's paperwork and some investment involved, but IMHO it's a myth that starting a company in Europe is a huge hassle.
- AllegedAlec 7y ago> You have other options, like VOF or CV, if you have funding constraints. Which isn't a real option; VOFs and CVs do not have the financial and legal separation of you and the company that a BV has.
- vekker 7y agoDo you really need that though? If revenue is not large enough to start a BV? You can still get insurance and separate bank accounts. I did it before with a Dutch partner, we just started a VOF together. Our plan was to turn it into a BV once revenue reached a certain point (it never did, so we didn't... it was a side hustle).
- himlion 7y agoTrue in general, but as long as you don't have a lot of equity in your BV yet, you don't have to do it. The tax man won't force you to go broke paying yourself a Market-rate salary.