What does it cost to set up a limited liability company?

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Until 2012, it was very expensive to start a BV: €18,000 in start-up capital was required and there were several additional strict requirements. Since the introduction of the flex-bv that has changed. You can now start a BV with any starting capital you want, so 1 cent is already enough. However, it is advisable to have a higher initial capital. There is a chance that you will otherwise be held personally liable for any debts of your BV, because you have made irresponsible financial choices.

The cost of establishing a limited liability company consists of:

Registration with the Chamber of Commerce: €75.
Notary fees: €500-1000.
There are also a number of online providers where you can have a limited liability company incorporated from as little as €300. Just make sure it's clear what you get for that.

What conditions must you meet?
If you want to open a limited liability company, you only philippines mobile numbers list need to meet two conditions: you need to register your company with the Chamber of Commerce and you need to have a deed of incorporation drawn up at the notary. Thus, although a start-up capital is no longer required, start-up costs are necessary.

What should you pay attention to when setting up a limited liability company?
A limited liability company entails several obligations, including:

You are required to have annual accounts prepared and to file them with the Chamber of Commerce. A limited liability company also involves setting up other administrative matters, such as payroll.
For your limited liability company, you must set up an organizational structure, with a mandatory board and mandatory shareholders. A Supervisory Board is not mandatory. It is mostly the large companies that have a SB.
As a director, you are employed by your private limited company. You pay yourself a salary. The tax authorities set requirements for this, to avoid additional tax benefits: for example, an annual salary must be at least €51,000 and must be in line with the market. You may also not earn less than your highest-paid employee.