Dutch noob looking for a cheap entity to test several business ideas.

[nasdaqtradfiguy]

You can form a sole proprietorship in NL, or a limited partnership (CV).

Remember UK is cheap to set up but afterwards the compliance costs are high.

I set up a CV in Netherlands with an offshore company as one partner and an EU resident individual nominee (Portugal) as the other and it is working great so far. It is tax free in NL provided there is no local income and it has a far better reputation for banking than Scottish Limited Partnerships etc. I opened EMI and Stripe accounts without any problem.

@bizniz, when you say you set the Dutch CV with an offshore company, are you referring to incorporating it with the assistance of a service provider specialised in offshore matters?
Do you remember how much it did cost to set up& run on a yearly basis?

If I wanted to start an investment fund/hedge fund, do you see any advantage/disadvantage between the Scottish limited partnership and the Dutch equivalent --beyond ease of opening a bank account?

Thank you for your time

 

[alain]

I'm here to do some research on how I can setup an entity the cheapest way to test several business ideas I have. I am now reading about creating UK LTD that costs only £13,-. Why do I care about it being cheap? Well I'm broke. I want to put in work. I have several ideas and need to keep it low cost untill I can find the right idea that works for me and after making some money I can then invest in incorporating in the ideal place regardless of costs. I live in The Netherlands and therefor I am also researching on how I can comply with Dutch law.

That's me. If you are interested in the same subject, don't hesitate to contact me. Thank you guys and I love the forum!!

Good idea, use the UK LTD - will work well for most test projects

 

[daniels27]

Good idea, use the UK LTD - will work well for most test projects

It is a completely dumb idea. Not only will you have to register a branch in your country, but you also waste a ton of pounds for compliance in the UK. And if the business is successful, you end up paying taxes in the UK for years to come. Please guys, set up a sole proprietorship in your home country, it is cheaper and won't cause troubles afterwards.