Local banking /Tax residency
A local bank account will help you establish increased credibility in the eyes of local customers or allows you to take advantage of international tax agreements
When setting up in a new country, your company will benefit from opening a local bank account. A local bank account will help you establish increased credibility in the eyes of local customers as well as make certain transactions easier.
But the process itself can be difficult, particularly when it needs to be completed in a foreign language. Strict compliance regulations and having to conduct the process remotely can make the procedure seem almost impossible. That’s why most of our clients ask us to assist them with the process.
More and more entrepreneurs are taking advantage of international tax agreements to reduce their tax liabilities and ensure that they’re not paying more than they have to. Traditionally, most people have assumed that this type of tax residency is the preserve of large multinational companies. In truth, all you need is the correct insight and advice, and your business can be set up in an optimal tax residence. In order to take advantage of tax-friendly possibilities of the Netherlands, you will need to establish your business in the netherlands. In order to be classified as a tax resident, you will need a physical location in the Netherlands where the business activities are performed as well as a local personell to manage responsibilities, As part of our services, we offer local Bookkeeper or Secretary services that can support you in meeting these requirements.