Frequently asked questions about Firm24

When it comes to accounting and accountancy, our software is purely aimed at cleverly combining existing software solutions such as Twinfield, Receipt Bank, The Next Invoice, Ezora and Visionplanner so that our accountants, but also you as an entrepreneur, experience a much greater serviceability. Because most of the work is taken care of by our software, we usually have more time to personally support you. The accountancy services that we offer are provided by Masters in Payroll.

You can contact us for all questions regarding the establishment of your BV or foundation. Our lawyers and tax specialists are at your service every day of the week, including weekends and evenings. Thanks to our many years of experience, we can answer 90% of all questions directly. If we can't figure it out ourselves, no problem. Our tax or legal partner will be happy to help you further. In addition to advising, we also write blogs about the problems you can run into as an entrepreneur. We are happy to share our knowledge in order to better inform the entrepreneur and to help you further.

Switching is relatively easy. You request a quote in your dashboard. Based on this, you'll be contacted. Our accounting partner makes in the interview an inventory of what they should pay attention to in the event of any collaboration. If there is a good connection, they can easily take over the accounting.

No, you don't have to, but you can. When establishing a BV or holding company you must identify yourself to the notary. This is also called legalizing. The notary must know that he is actually establishing a BV for the right person. In addition, the notary points out the rights and obligations of a shareholder. Legalization can be done at our office in Amsterdam or at one of the notaries affiliated with us. There is always a notary in your area, because of our national network.

Firm24 is here for all questions and services regarding the establishment of a BV or foundation. In addition, we not only limit ourselves to the notarial process such as the average notary, but you also have direct contact with our lawyers and tax specialists. From our own experience as an entrepreneur, we understand the need for all-round service in all areas during the establishing process. (Tax) advice, the best accountants, foolproof contracts, in short all wishes delivered by one platform. Why waste your valuable time looking for different providers if you can also have everything under one roof? Thousands of entrepreneurs choose to set up their BV via Firm24 every year.

The vision of Firm24 is to take away all your worries when establishing a BV. No incomprehensible advice, bureaucratic processes, but quick and resolute help. We take care of all the necessary things, so you can do what you are good at: doing business. In recent years we have already helped more than 20,000 entrepreneurs to get started with their adventure. What are you waiting for? Firm24, your company starts here!

Firm24 focuses on the entrepreneur of the 21st century. We stand for process efficiency in combination with the best customer experience. This means that everything can be easily arranged online, the processes are efficient and automated where possible, and as a result we have time to offer entrepreneurs personal assistance for their specific issues and all at a competitive rate. The 21st century entrepreneur does not need to have knowledge of establishing a BV, that's what we are for. This entrepreneur also wants to have everything arranged as efficiently as possible. Unnecessary stacks of paper are a waste, just like unnecessary costs. The entrepreneur of the 21st century is independent and understands how to fill in online questions. As a result, he saves on unnecessary hourly rates from notaries and his or her BV can be established within 24 hours. Are you an entrepreneur of the 21st century?

Firm 24 is a 'one-stop-shop' for business services. Except for the fact that you only have one entry, which makes communication real accessible, you also know for sure that if you need a notary, accountant or lawyer, you can first discuss it completely free of charge with a Firm24 lawyer or tax lawyer. If it turns out that advice is needed, you are at least sure that all disciplines - because they are under one roof - are well coordinated. In addition, we are usually a lot cheaper. Not only because we have everything under one roof, but also because of our unique technology. Don't work harder but smarter!

Whether it is about establishing a company, holding company or foundation, the accounting of your company or making a contract. You always start in our online environment. You can create a free account. If you have created an account, you can choose the service you need. With a few clicks you can easily walk through the required steps. If you cannot resolve it yourself, our support agents are happy to guide you through the steps. After filling in the personal information, a deed or contract is created. This ultimately will be settled online. Depending on the situation, there also is an offline process such as legalization or (tax or legal) advice via Skype, by telephone or simply in the office.

All entrepreneurs in the Netherlands can save money by doing business with Firm24. We do, of course, have a number of market segments in which our added value for customers is maximized. These are in particular the somewhat smaller SMEs and freelancers who still do business with a traditional accountant and a notary or also startups and more advanced companies. They can save hundreds to many thousands of euros. For example, Firm24 can take the legal and notarial services off your hands. In addition, it is also possible to let us do your accounting and tax returns.

In the past 6 years we have grown into a one-stop-shop (several services in one) online service provider for entrepreneurs who want to have everything arranged in terms of their fiscal structure (holding or BV), a contract or their accounting and taxes. Behind the scenes there is a whole team of lawyers, tax specialists, marketeers and developers. All with the same focus to make the life of an entrepreneur even easier. Because let's face it, you prefer to focus on actual entrepreneurship and less on the peripheral issues such as setting up a BV?

Firm24 is an online company that consists of professionals. For the establishment, we work with tax lawyers and lawyers who have experience and background in large and professional legal advisory practices and law firms. The orientation phase and the establishment process always start online with us. During this process you will be assisted by our advisers and you can always contact the support team by phone or chat. Before the final establishing, it is a legal requirement that you always visit a notaries office for identification and legalization. Although the processes are all conducted online, there is always the possibility of personal contact. It is precisely this service that distinguishes us from the average notary.

First of all, our lawyers and tax specialists are ready to help you free of charge with all issues surrounding the establishment of your BV. If they really don't know the anwer, we will refer you to one of our partners. Have you ever spared half an hour with a notary about the tax question for which no costs were charged? No, neither do we. In addition, we have automated the processes in such way that the notary has less time to set up a BV, so we can offer the BV at a competitive rate. You can also easily draw up your own contracts by means of a handy step-by-step plan so that you do not have to hire a lawyer. Add these things together and it will save you thousands of euros per establishment.

We started our first company www.onlineflexbvoprichten.nl in October 2012, and we’ve established approximately 25.000 BV’s ever since. Our clients are generally very satisfied with our service, as our rating of 9.5/10 may show. A lot of clients we attract are referred to us by others that used our service. We also arrange matters concerning shareholders, management and agreements such as current accounts. Usually an entrepreneur has to pay a lawyer extra to address these matters after the company has been established. We combine these two services, which allows us to work cheaper and often much faster as well.

No, we are not the notary, but we are the link between you as our client and the notary. We assist entrepreneurs with all the matters that usually concern a notary. We take up the service with a client, which brings a more enjoyable and personal experience for the client. As determined by law, a notary is necessary for the establishment of, for example, a BV. This process exists of a certain amount of steps, one of which is the quite important fiscal intake and advisement, and the later steps of the legalization and passing of the deed of incorporation. Firm24 takes up the former from the notary, and one of our associated notaries will take care of the latter. Our professional team is thus ready to assist you in any scenario throughout this notarial process, and welcome any questions you might have.

No, Firm24 is not an accountant. However, we do have some partnerships with accountants where we can refer the entrepreneur to. Anyone can call himself an accountant, so it’s really hard to determine who’s actually any good. Besides, no one wants to make unnecessary extra payments. So, what are reasonable fees in that regard? Firm24 has located some high-quality accountants to bring you in contact with, to assure you of the best advice for the best price.

No, you only pay the one-time costs of establishment at Firm24, so you will not be stuck to monthly fees. You can however opt for one of our accountant-partners, they will send you a monthly invoice. This is at your own discretion of course.

You can find a simple overview of all purchased products in your own personal dashboard. You will find the invoice, deed of incorporation, extract from the Dutch Chamber of Commerce, and register of the shareholders structured by every BV or foundation you bought at Firm24. This online environment makes it very easy to draw up new contracts or contact your accountant, legal advisor, or notary. 24 hours a day, anytime, anywhere. This service is of course available on any device, so accessing it by mobile phone won’t be a problem

No, we provide even more services! On our website you’ll find the solutions to problems most of our clients deal with, but that measure is of course not for everyone. Your enterprise may pose more complicated legal or fiscal questions for which you may need some extra service. We can provide that touch of extra for you. For example, you can resort to us for checking financial plans, assistance with take-overs, or selling your company. We can of course also screen your entire existing fiscal structure and give out according advice and concrete points of improvement. The same goes for existing contracts with personnel, suppliers, or customers. Are you interested in one of these services? Please contact us through the contact form.

Without question! We’ve developed the technology used within Firm24 for broader purposes. We can set up lawyers, notaries and accountants with their own online portal to help their clients draw up, modify, and digitally sign contracts with ease. Would you like to know more about our technology and how we can set this up for you? Please contact us through the contact form.

The notary, accountant and lawyer are all professionals by occupation. As an entrepreneur, you use their services to achieve your goals. However, you’re probably not really interested in the means (i.e. the notary, accountant or lawyer) more than in the solution (i.e. an establishment, a contract or someone taking care of your tax returns). At Firm24 the legal advisors, lawyers, financial advisors, accountants and notaries work together under one roof to give the best possible solutions to our clients

No, unfortunately we don’t establish associations.

We have assisted over 20.000 entrepreneurs with the establishment of their BV, holding or foundation, and have arranged the according agreements, accounting and taxes since our start in October 2012. We get an average rating of 9.5/10 from the clients we’ve had in the past 12 months, and every month we get dozens of more positive ratings. Our secret? Our support team, consisting of legal and fiscal advisors, is ready to assist you on any day of the week - even during the weekend. Often they respond in the blink of an eye, or provide you with determined answers to all your questions within 24 hours. Would you rather explore the options you have? No problem! You can create a free account so we can draw up a contract for you, which will also be free of charge. In this way you can experience our working methods for yourself.

The most frequently asked question we got in 2013 was whether Firm24 was an actual real company. It couldn’t possibly be true right, establishing a company for such a cheap price? However, after 6 years of working long and hard, we’ve shown the entrepreneurial world of the Netherlands this combination is undoubtedly possible. Besides our own team of high-quality lawyers, tax specialists and legal advisors, we also work with the best notaries in the Netherlands. Each and every one of them has been chosen based on the quality they deliver and their strive to efficiency, with the best client experience of course. If you’re wondering how our clients feel about us, you can check their reviews here (rated a 9.5/10 over the past 12 months).

It is possible to incorporate a BV, if you live in a foreign country and you are therefore not registered in the Netherlands Personal Database (BRP). The notary does need extra documents to verify your home address (such as a gas/light or water bill). Furthermore the BV must also be registered at a Dutch business address. You should pay attention to get a VAT number, because without a VAT number you cannot participate in economic transactions. To qualify as an entrepreneur you need to have a Dutch bank account, to make management decisions within the Netherlands. It is important that there is a so-called “substance”.

The biggest concern of entrepreneurs is often whether the DGA salary should be paid if there is not enough to pay this amount. We can immediately remove this concern, since you cannot pay anything to yourself if it is not there. The minimum DGA salary of 45.000 EUR is not mandatory. The rules regarding the minimum DGA salary have been created to ensure that no dividend is paid before the 45.000 EUR DGA salary is paid. The tax rate over dividend is much lower than over salary. Therefore if your company is barely making a profit or not making a profit at all, you don’t or hardly have to pay yourself DGA salary.

After completing the online application procedure, it is still possible to add an additional shareholder. Please note, if the notary has already set up the deed, they will charge extra costs for changing the deed. If the deed has already been passed, it is no longer possible to add a shareholder. In that case, a share transfusion is unfortunately the only solution. Please avoid this situation and fill in the application precisely.

It is possible to incorporate a BV with a non-Dutch speaking shareholder. The shareholder has to speak English. If the person does not speak Engelish, Firm24 will unfortunately not incorporate the BV with this person as (one of the) shareholder(s). Furthermore, we advise you to follow the English procedure on our website. It is unusual for a foundation to act as a shareholder in a BV. A foundation must pursue a (social) goal and all possible profits must also be distributed to that goal. Firm24 does not incorporate a foundation which acts as a shareholder of the BV. This is also indicated in the online application procedure. The requested procedure will be canceled immediately and costs incurred will be settled. Possibly another notary could help you to set up such a structure.

It is unusual for a foundation to act as a shareholder in a BV. A foundation must pursue a (social) goal and all possible profits must also be distributed to that goal. Firm24 does not incorporate a foundation which acts as a shareholder of the BV. This is also indicated in the online application procedure. The requested procedure will be canceled immediately and costs incurred will be settled. Possibly another notary could help you to set up such a structure.

We recommend 120 shares, because this is a number which can be divided by 1 to 6. Each share cannot be divided. In addition, the minimum value per share is €0,01.

We recommend a value between €0,01 and €1,00 per share. The total share capital must be paid after incorporation of the BV. If the share capital is over €100 you need to open a “derdengeldenrekening”. Notaries in general want certainty that the full payment actually takes place and point out the use of the “derdengeldenrekening”. In this way the notary ensures that no mistakes are made during incorporation and that the payment of the shares is registered at the Chamber of Commerce. If you want a higher share capital, please contact our support team to discuss your situation.

After you have opened a business bank account you should pay the share capital. You do this by making a transfer from your private account to the business account of the BV. Please state in the description that the payment relates to “shares number 1 to X”. If you have chosen a holding structure, please first deposit from your private account to the holdings’s business account. After that, the holding transfers the payment to the business account of the operating BV.

Any agreement you have made in the name of your “eenmanszaak” or “VOF” cannot simply be converted into a BV. Even if you incorporate a BV, you are still liable for these agreements. It would become too easy to avoid liability this way.

The BV offers advantages over a “eenmanszaak” or “VOF”. Furthermore, it offers tax benefits and it is suitable to create the perfect structure. Learn more about the benefits of a BV by reading our blog.

The so-called rules of the BV are included in the statutes. It is possible to download an example of the deed of incorporation during the online application procedure (in step 3). You can quietly view which articles are included in the statutes.

You can establish your BV easily through our online application form. You have to make an appointment with the notary after you’ve finished the application. The notary will check your identification in order for you to sign the power of attorney, and will discuss the draft of the deed of incorporation. After all obscurities are cleared up, the notary will submit the BV to the Dutch Chamber of Commerce. Then you will receive all documents such as the deed of incorporation, the extract of the Chamber of Commerce and the register of the shareholders.

Yes, Dutch law requires the BV to have a physical business address in the Netherlands when the BV is being established. Therefore it is not possible to constitute a BV on the address of a postbox. The BV will be settled on the private address of the director of the BV in order to allow the procedure of incorporation run as efficiently as possible

The shareholder(s) is/are the owner of the BV.

Usually the shareholder is also the director of the BV. It is also possible to have multiple shareholders and only one director, or vice versa. At least one shareholder has to be a director as well in order to incorporate your BV through Firm24.

At least one person is necessary to establish a BV: this person is the shareholder, as well as the director.

The standard establishment costs for a BV are €499 ex. VAT. We can’t offer any quantity-discounts, because our prices are already as low as they can possibly be.

There are requirements to establishing a BV set by Dutch law, and requirements set by Firm24. We aim our service at efficient establishments with limited research for the notary, because extra research will constitute an hourly rate which impairs our set prices. If this is the case, you would be better off at another notary. Legal requirements: As founder of the company (i.e. shareholder and/or director) you have to be officially registered at a Dutch or internationally located address: a postbox will not suffice. Otherwise the notary is not allowed to establish your BV. A founder is not allowed to be in bankruptcy, because this results in unqualification of the legal decisions made. Every founder has to be at least 18 years old, or is 16 or 17 years old with consent from a Dutch judge. Every founder has a legally acknowledged document of identification (passport, ID, or driver’s license). The BV is being established at a Dutch business address. If this is a private address by a founder, the notary will not be obliged to ask for additional documents. If the BV will be established at another address, you will need to give out a valid rental agreement in the name of the BV and a copy of a document of identification by the competent owner in question. The founder has to be the actual person running the BV. It is not allowed to establish a BV for anyone else. Firm24 requirements: Every founder must have a good command of the Dutch of English language, so this person is able to read the articles of association independently and discuss them with the notary. Translation by someone other than an official interpreter is legally not possible. In the case of incorporation through an official translator, the notary must discuss the entire deed of incorporation article by article. The hourly rate of the notary applies to this work and is not included in the standard incorporation. At least 1 shareholder is also a director of the BV. A founder is not (officially) living in a "High-risk country" as determined by FATF or the European Commission. A founder has not been (indirectly) involved in the past 4 years or is in a state of bankruptcy. In that case, additional research must be done. The hourly rate of the notary applies to this work. A founder is not involved in criminal antecedents. In that case, additional research must be done. The hourly rate of the notary applies to this work. A BV is not established with a foundation (other than a STAK) as a shareholder. Such a structure is susceptible to fraud and requires more extensive investigation at the notary's hourly rate. These requirements are included in the online application procedure. In the event that during the formation procedure the notary or Firm24 is informed that one or more requirements are being violated, then the formation is unfortunately no longer possible. Because work has already been carried out, a refund is excluded. If in doubt, contact the support team via the contact form. You often get a response the same day.

All costs on our website include the notary fees. You do not have to pay separately for drawing up the draft deed, legalization at the office of the notary or to register yourself at the Chamber of Commerce. Only the one-time registration fee of the Chamber of Commerce cannot be paid by us. The Chamber of Commerce sends a separate invoice for €50 to the business address after the BV has been established.

You need a Chamber of Commerce number to open a business bank account. You will receive the Chamber of Commerce number after the BV has been established. As the invoice must be paid in advance, it is not possible to pay for the formation with a business bank account yet. It is no problem to do the payment from your private bank account. We will always send you an invoice in the name of the BV after payment. This allows you to reclaim the VAT after incorporation and the costs are deductible. In this way you advance the BV privately and the BV thus has a debt to you (current account).

The standard establishment costs for a BV are €499 ex. VAT. We can’t offer any quantity-discounts, because our prices are already as low as they can possibly be.

The invoice you’ve received from the Chamber of Commerce is an invoice for the services they provide. In the past there was an annual contribution of around € 100. This has now been replaced by a contribution of € 50 only once. We cannot pay these costs. This invoice is separate from the establishment of your BV. We have offered your BV to the Chamber of Commerce, we have taken care of the registration and provided you with an extract. This is all included in the price.All costs are easily overseeable through the following link:

Because of the professional duty of care for notaries, the notary is obliged to do checks on various factors. If you do not speak the Dutch language, or if you live abroad, these checks will be more extensive. In addition, a Dutch person is deemed to know Dutch law contrary to foreign shareholders. All these aspects lead to higher costs.

You will receive the email with invoice, power of attorney and personal data card after completing the application procedure. Please note that after the payment the remaining Chamber of Commerce questions still need to be answered. You can also find these documents in your dashboard at the BV.

A BV or Holding is ultimately no more than a deed of incorporation that must be registered and executed by the notary. Thanks to our technology and organization, we can work cheaper than most notary firms. The entrepreneur supplies us with the requested information via our website and thereby does an important part of the preliminary work. Our lawyers and tax advisers assist the entrepreneur during this process and help with all questions free of charge. Once the application has been completed, the complete file is delivered to the notary. Because this notary also works with Firm24 software, the notary has relatively low costs, which results in the low price for the BV.

As soon as the BV is registered at the Chamber of Commerce, the tax authorities will process the registration. You usually will receive a letter within 2 weeks after incorporation with the VAT number at the business address. If you have not received a letter after 2 weeks, please contact the Tax Authorities.

The Tax Authorities do not always recognize a holding company directly as a taxable person. If you have not received a VAT number, you can submit a request to the Tax Authorities. You can send this request to the tax office from which you received the letter. In the request you can state briefly why you would need a VAT number.

All notary offices and the Chamber of Commerce are closed on January 1st. The establishment of a BV will therefore not be possible on this exact date. The establishment will be completed in the first week of January at the earliest. However, it is also possible to establish the BV in December with an extended first financial year. As a result, you do not have to prepare a financial statement for 2019 and the month of December can be included in the financial statement for 2020. You can indicate the first financial year in the application procedure.

You are dependent on two organizations for the actual establishment of a BV. The first is the notary who executes the incorporation deed. This date is the actual incorporation date of the BV. In addition, the BV is registered at the Chamber of Commerce. Both dates are stated on the Chamber of Commerce extract. Establishing a BV with a date in the past, is not possible. You can inform the support team about your wishes via the contact form or call +31(0) 20 30 80 675.

You have to keep a close eye on a number of things if you have a sole proprietorship next to a BV. It is very important to make a clear distinction between the two companies to the outside world. In the event of an unclear separation, the Chamber of Commerce may refuse registration of the BV. The notary will also ask additional questions about the existing sole proprietorship. If you want to be sure please contact the support team via the contact form or call +31(0) 20 30 80 675.

It doesn’t mean you can’t start a business in case you have ever been bankrupt. However an establishment through us is a standard establishment of a BV. The price we charge for this does not entail any additional investigation, which is always necessary if there is earlier bankruptcy. It is important for a notary that any management liability can be excluded. You can contact the support team via the contact form to discuss your specific case. Please note that it may be possible that we recommend a different form of establishment.

We recommend 90% of the entrepreneurs to establish a personal holding company in addition to the operating BV. A personal holding company offers many advantages compared to just setting up one BV. You can read more about this in our blogs.

It is possible to establish a personal holding company after you’ve already established your operating BV. However we do not recommend this. It is more expensive to change this at a later time than to immediately establish the right structure. The shares that you hold privately must be transferred to the personal holding company. There are various ways to transfer the shares of the operating BV to the new holding company. The first option is a share transfer. The notarial costs are from € 1,249 excluding VAT. When there is a share transfer, the shares must be transferred at a fair value. Because you hold the shares as a natural person, you pay 25% tax on the selling price. So you could say this is a waste of your money. Another option is a stock merger. You do not have to pay for the added value of the shares, but in practice this can only be used by 1 shareholder who holds more than 50% of the shares. The costs for the share merger amount to €1,750 excluding VAT. If you have more shareholders, you have to pay tax. Is is better to prevent this situation and immediately establish a personal holding company per shareholder.

More than 20 notary offices are affiliated with Firm24 throughout the country. Click here for an overview of our notary network

It is easiest to come along with all the shareholders at the same time, because the notary discusses the draft deed immediately during the appointment. The deed can be executed immediately after the appointment and submitted to the Chamber of Commerce. If you are unable to come along at the same time, please contact the support team to discuss the options (contact form or call +31(0) 20 30 80 675).

All founders; shareholders and directors have to visit the notary before signing the power of attorney.

In most cases it is possible to sign the power of attorney at a notary outside our network. However, some notaries want every founder to be present in person when discussing the deed. Contact the support team to discuss the possibilities (contact form or call +31(0) 20 30 80 675).

For the official legalization it is required that the power of attorney is signed in the presence of the notary. Unfortunately, signing and sending the power of attorney yourself does not meet the requirements.

The legalization must be done in person, so it is not allowed to give someone a power of attorney to establish the BV on your behalf.

The legalization consists of the signing of the power of attorney and the identification of the founder. This person cannot be identified without a valid identification document. A copy of an ID is not valid.

You must visit the notary in person before each establishment. If the previous legalization has recently taken place, you can always try to contact the notary to discuss the options.

Every founder (shareholder or director) must be identified by the notary upon establishment or modification. It is therefore still necessary that you visit a notary. We have an entire network of affiliated notaries throughout the Netherlands. On our website you will find a page with all our locations.

You can sign your power of attorney at a notary outside our network, but the costs for legalization will be for your own account. The legalized power of attorney must be mailed to Firm24 (support@Firm24.com) & sent by post to the notary who establishes your BV. However, some notaries want every founder to be present in person when discussing the deed. Contact the support team to discuss the possibilities (contact form or call +31(0) 20 30 80 675).

Establishing a BV normally takes 7 working days. When the notary discusses the draft deed during legalization, the BV is usually submitted to the Chamber of Commerce within two days. In addition to the standard procedure, it is also possible to choose an establishment in 3-5 working days or an urgent establishment. The BV is then submitted to the Chamber of Commerce within 24 hours of the date of the power of attorney. The Chamber of Commerce processes the registration within half a working day.

Are you registered in the Personal Records Database (BRP) at a home address in the Netherlands and do you have a valid proof of identification document? Then the only thing you have to do is think of the name of the BV and the BV objectives. After this the BV can be established. It can be that simple!

The articles of association are included in the deed of incorporation and therefore publicly available at the Chamber of Commerce. You can say that the articles of association are the rules of your BV. In addition to the articles of association, the deed of incorporation also contains the shareholders' register and the final statement.

We offer many useful contracts on our website for every sector. You can also purchase contract packages that contain a number of agreements that are useful for every company at any given time. You can draft, manage and sign contracts digitally. Curious? View our contacts here.

The establishment procedure consists of the following steps: You fill in the required information online via this link. Follow the steps in the application procedure. Immediately after completing the online procedure you will receive the power of attorney by email and, if necessary, a Personal Data Card (PDC). After this you have to make an appointment at the notary via the specified number in the email. You must visit the notary with the accompanying documents. Do not forget to bring along the identification document that is stated on the power of attorney. At the notary you sign the power of attorney. You will find the details of the notary in the confirmation payment mail. The notary will prepare a final draft deed. Once it has been uploaded, you will receive an email about it. You must check and approve the draft deed. The notary discusses the draft deed by telephone, executes the deed and registers the BV at the Chamber of Commerce. You will receive the deed of incorporation (s), Chamber of Commerce extract (s) and shareholders register digitally in your dashboard.

You will receive an email with the invoice, power of attorney and personal data card after completing the application procedure. Please note that after the payment the remaining Chamber of Commerce questions still need to be answered. You can also find these documents in your dashboard at the BV.

Our website is best supported by Google Chrome or Mozilla Firefox. It is recommended to only use Google Chrome or Mozilla Firefox, since it is known that working with another internet browser may not optimally display the website.

It is possible that the Chamber of Commerce did not transfer the registration correctly to the Tax Authorities. This is not a big issue. If you print the first page and the final statement (which contains the article concerning the first financial year) and send it to the Tax Authorities, the Tax Authorities will correct it

You can draft the contracts via the following steps: Log in via this link. Press "Start a contract or service". Start a new contract via the green button at the bottom. After a new window is opened, press "my contracts". Press a contract to start the process. Choose an 'organization' (this does not affect the creation of the contract) and the process starts. The contracts are drawn up via the different steps. When you have completed all the steps you can adjust it manually where necessary. You can always finds the document in your document vault and can be used indefinitely.

No, as a founder (or shareholder and director) you must always sign the power of attorney in person at a notary.

There are two situations. The first situation is that you want to make changes after the application procedure has been completed. If you communicatie this on short notice and the notary has not yet drawn up the draft deed, this is free of charge. However, if the notary has already drawn up the draft deed, there is a possibility that the notary does charge costs. Spelling errors or possible typos can of course always be adjusted free of charge.

All shareholders must have read the deed, after all they are all founders. In addition, the notary will call all the founders in a joint conversation to discuss the most important points in the deed. This requires that everyone has read the deed.

As soon as the notary has uploaded the draft deed in your dashboard, you will receive an email notification. You can find the draft deed by clicking on the link in the email or by logging in to your dashboard. Click on your BV and download the draft deed. It is especially important to check the first two pages; the personal data, the name and purpose description and the last page; final statement. The variables are located on these pages. The other articles are standard provisions. If you agree, you can approve the draft deed. As soon as you have signed the power of attorney and personal data card, the notary will review the deed together with you. If you have not yet made the appointment at the notary, we ask you to do so.

For the establishment of the BV it is required that the notary discusses the deed (briefly) with the founder(s). In most cases the notary will discuss the deed during the appointment at the office. In the event that the deed has not been discussed, the notary will contact you by telephone. In this conversation the most important points of the establishment are discussed. As soon as everything is clear, the deed will be executed and submitted to the Chamber of Commerce.

The notary has a professional duty of care. For every establishment, the notary has to discuss the deed.

You can always report a mistake in the deed directly to the support team. Send an email to support@Firm24.com with a description of the error. We ensure that the notary adjusts the draft deed in the short term and uploads the new version in the dashboard.

The notary executes the deed. After this the BV is submitted to the Chamber of Commerce. The Chamber of Commerce processes the registration in half a working day. Normally, the BV is registered when the deed has been submitted to the Chamber of Commerce before 15:00. Please note that the Chamber of Commerce is closed on public holidays.

Nowadays you no longer have to sign the deed of incorporation. You signed the power of attorney during the appointment at the notary. This ensures a faster and efficient establishment procedure.

Normally a BV is established within 7 working days. If you need the BV in a shorter term, we offer the possibility to establish the BV within 3-5 working days or even within 24 hours.

The costs for an establishment in 3-5 working days are € 75 excl. VAT and an emergency establishing in 24 hours costs € 195 excl. VAT per BV.

We have a unique emergency procedure to set up the BV within 24 hours after signing a power of attorney. The BV is then submitted to the Chamber of Commerce. This usually processes the registration in half a working day. Take this into account when scheduling agreements such as signing a specific contract or opening a business account.

It is possible to make changes to the draft deed. Please note that Firm24 uses standard articles of association for a fixed price. If you want adjustments, please contact the support team before completing the application procedure. This way we can present the adjustment to the notary first and avoid unexpectedly higher costs afterwards.

A Spaar BV is used to transfer capability from box 3 to a BV in order to no longer have to pay property tax. A Spaar BV is a BV containing holding company objectives and a higher share capital.

If care is financed by the Healthcare Insurance Act (Zvw) or the Long-Term Care Act (WLZ), the articles of association of the BV must meet the conditions for WTZI admission. If the articles of association comply with this, it is allowed to claim your expenses at the care insurers in the capacity of a BV. These articles of association deviate from the standard articles of association. Contact the support team if you have any questions about these special articles of association.

You need special articles of association when you provide care that is financed by the Health Insurance Act (Zvw) or the Long-Term Care Act (WLZ) (which actually means that you claim your expenses at a health care insurer and do not send an invoice to the client.) Only with a WTZI -authorization your organization may offer this care.

The special articles of association, with all transparency requirements, are only drawn up by a few notaries in the Netherlands. At Firm24 we have these notaries in our network. The additional costs for these articles of association are € 1,950 excluding VAT. You can tick off this function in the online application procedure. To know more about care articles of association and the requirements, contact the support team via the contact form or call +31(0) 20 30 80 675).

Due to stricter measures taken by notaries, the business address must match the address where you or one of the other shareholders or directors are registered in the Personal Records Database (BRP). This is to prevent fraud. If you want to establish at a different address, please note the following: For registration at the Chamber of Commerce, the notary must have a valid lease agreement. This means that the rental agreement is entered into by the lawful landlord and must be rented by the BV, and not in your personal name. The landlord must attach a copy ID to the rental agreement. The landlord sends an email to the notary with the following: the statement that the landlord is the owner / landlord, the statement that the founder (the BV) may settle there, proof of the payment (printscreen) of the founder showing the transfer of rent. The above procedure is not that easy in practice. As a result, it unnecessarily delays the establishment procedure. To ensure that the establishment procedure runs as smoothly as possible, we therefore recommend you to first establish the BV at your home address. Immediately after incorporation, the business address can be changed (for free) using a form on the website of the Chamber of Commerce. Problem solved!

Due to amended legislation from January 1st, 2019, the notary must receive more information to prepare the file. Each founder must indicate when establishing a BV whether he / she is a PEP (Politically Exposed Person). A PEP is a person who currently or in the past has held a prominent public position or someone who is related to or doing business with a PEP. If a person involved qualifies as a PEP, additional information may be requested by the notary

Due to amended legislation from January 1st, 2019, the notary must receive more information to prepare the file. If a foundation is established with an existing BV, a UBO statement must be supplied. In this Ultimate Beneficial Owner statement, every person who holds at least 25% of the shares (profit and / or voting rights) is listed.

A holding is a passive form of a BV. The holding company often holds the shares of an operating holding. The holding company offers many advantages in the field of tax, protection and flexibility.

The costs for establishing a holding company are € 499 excl. VAT.

A holding company offers various advantages compared to just one operating company. We have an online tool to find out if a holding is beneficial for you.

We always advise to establish a personal holding company next to the operating company. If you participate with several shareholders in the same holding company, essential benefits expire. It is therefore advisable to establish a personal company per shareholder.

Establishing a BV normally takes 7 working days. When the notary discusses the draft deed during legalization, the BV is usually submitted to the Chamber of Commerce within two days. In addition to the standard procedure, it is also possible to choose an establishment in 3-5 working days or an urgent establishment. The BV is then submitted to the Chamber of Commerce within 24 hours of the date of the power of attorney. The Chamber of Commerce processes the registration within half a working day.

The establishment procedure consists of the following steps: You fill in the required information online via this link. Follow the steps in the application procedure. Immediately after completing the online procedure you will receive the power of attorney by email and, if necessary, a Personal Data Card (PDC). After this you have to make an appointment at the notary via the specified number in the email. You must visit the notary with the accompanying documents. Do not forget to bring along the identification that is stated on the power of attorney. At the notary you sign the power of attorney. You will find the details of the notary in the confirmation payment mail. The notary will prepare a final draft deed. Once it has been uploaded, you will receive an email about it. You must check and approve the draft deed. The notary discusses the draft deed by telephone, executes the deed and registers the BV at the Chamber of Commerce. You will receive the deed of incorporation (s), Chamber of Commerce extract (s) and shareholders register digitally in your dashboard.

Yes, go through the application procedure per BV and both will be established at the same time.

The actual activities of the company are driven in the operating company. The holding company holds the shares of the operating company and is a passive one

When you have established a holding company, it is useful to draw up the following contracts: an employment contract between the holding company and you as a DGA, a management agreement between the holding company and the operating company, a shareholder agreement if there are several shareholders in the operating company.

The holding company is a passive form of a BV and there will be few changes (especially at the start) per month. An accountant will therefore often offer a discount package for the accounting of an operating company and a holding company.

The benefits of the holding include protection of assets, tax benefits on the sale of shares and dividend payments. In addition, it can be fiscally beneficial to have several operating holding companies and by providing a mortgage loan from the holding company. Read more about this in our blog.

The only disadvantage is that you have to pay the establishment costs. However these one time costs will fade with the tax benefit. A second disadvantage is the extra accounting costs (mostly €50).

You hold the shares of the holding company directly as a natural person. That is why you are DGA in the holding company. The holding company holds the shares of the operating company.

As soon as the operating company has made any profit, this will be paid to the holding company. This is untaxed when the holding company holds at least 5% of the shares and that is often the case. For the holding company you have two options: (i) to store or reinvest the profit or (ii) to pay yourself through a dividend payment