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

[cheapestentity]

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!!

 

[bizniz]

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.

 

[Rprox]

cheapestentity said:
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!!
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cheapestentity said:
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 an

cheapestentity said:
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!!
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i would like to get some ideas too from your replies
d I love the forum!!
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cheapestentity said:
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!!
Click to expand...

I am on the same frequency. I would like to test the waters first but also comply with all laws, because certain countries from what I understand can find out alot information about startups and they will soon catchup, if you have anything to share on the forum I woukd be grateful. I very close to establishing my first startup but my concern is what if its a huge cost factor then I may aswell just start establish my startup that is not on my governments list of DTA's. Share some ideas please.

 

[CyprusLaw]

Rprox said:
I am on the same frequency. I would like to test the waters first but also comply with all laws, because certain countries from what I understand can find out alot information about startups and they will soon catchup, if you have anything to share on the forum I woukd be grateful. I very close to establishing my first startup but my concern is what if its a huge cost factor then I may aswell just start establish my startup that is not on my governments list of DTA's. Share some ideas please.
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Hi Rprox,

Which jurisdiction are you considering? Cyprus would be a cost effective solution, with excellent tax incentives, and the services offered in Cyprus are of very high quality at a lower cost compared to other jurisdictions. Also the cost of incorporating and administering a company in Cyprus is considerably low.

 

[Jerry1911]

bizniz said:
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.
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What are the costs associated with such structure?

 

[Rprox]

CyprusLaw said:
Hi Rprox,

Which jurisdiction are you considering? Cyprus would be a cost effective solution, with excellent tax incentives, and the services offered in Cyprus are of very high quality at a lower cost compared to other jurisdictions. Also the cost of incorporating and administering a company in Cyprus is considerably low.
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Hi @CyprusLaw thanks for the reply, I have been considering the UK but its not set in stone though, but based on what I am reading in the forum Cyprus seems to be a good candidate which I have no knowledge of, thanks I will reach out to some service providers in Cyprusn are there any specific service provider or company firmation agency that you would recommend?

 

[CyprusLaw]

Rprox said:
Hi @CyprusLaw thanks for the reply, I have been considering the UK but its not set in stone though, but based on what I am reading in the forum Cyprus seems to be a good candidate which I have no knowledge of, thanks I will reach out to some service providers in Cyprusn are there any specific service provider or company firmation agency that you would recommend?
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Yes of course is it ok to PM you?

 

[Rprox]

Yes, you may thanks

CyprusLaw said:
Yes of course is it ok to PM you?
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[OffshoreJJ]

bizniz said:
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.
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so who is the ruling partner of the cv? needs to register for social contributions? who is this nominee? and where is the income generated from?

 

[Rprox]

bizniz said:
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.
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@bizniz, can you provide an example of compliance costs in the UK, maybe elaborate a little based on your knowledge or experience please? Give me an example of compliance costs please, I noticed the UK agencies are cheap but the agent cannot advise on these other costs involved. I really do not want to waste my money but I have to do extensive research. Please reply

 

[cheapestentity]

bizniz said:
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.
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You can only set up one sole proprietorship (eenmanszaak) in The Netherlands which makes it not an option for me. CV won't work for me because you are personal liability and you need a partner.

What kind of costs do you mean that come up with a british LTD/LLP?

 

[polonieth]

You don't need to set up an entity to test a business idea. You can do that after you actually prove it can work.

 

[cheapestentity]

polonieth said:
You don't need to set up an entity to test a business idea. You can do that after you actually prove it can work.
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Maybe you can do that but I need to send invoices and receive money in a bank account. Can't do that without an entity.

 

[polonieth]

cheapestentity said:
Maybe you can do that but I need to send invoices and receive money in a bank account. Can't do that without an entity.
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What invoices are you sending?

 

[cheapestentity]

polonieth said:
What invoices are you sending?
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b2b service contracts. businesses send invoices. is that something new to you?

 

[polonieth]

cheapestentity said:
b2b service contracts. businesses send invoices. is that something new to you?
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I wouldn't be setting up an entity for something before I am even close to sending my first invoice. An individual can send an invoice no problem.

You admitted in your first post you're essentially clueless, so take my advice and don't bother incorporating in the UK for a non-existent business.

If you can get a client, and they are willing to pay you, figure out the incorporation stuff later down the line.

 

[cheapestentity]

polonieth said:
I wouldn't be setting up an entity for something before I am even close to sending my first invoice. An individual can send an invoice no problem.

You admitted in your first post you're essentially clueless, so take my advice and don't bother incorporating in the UK for a non-existent business.

If you can get a client, and they are willing to pay you, figure out the incorporation stuff later down the line.
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I'm not here for business advice. I'm here for incorporating advice. Very specific. Thank you though.

 

[Silvio]

polonieth said:
I wouldn't be setting up an entity for something before I am even close to sending my first invoice. An individual can send an invoice no problem.

You admitted in your first post you're essentially clueless, so take my advice and don't bother incorporating in the UK for a non-existent business.

If you can get a client, and they are willing to pay you, figure out the incorporation stuff later down the line.
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100% agree, I met so many people worry about taxes before they made a cent. Usually it's a form of procrastination

 

[cheapestentity]

soort zoekt soort is a saying here in The Netherlands. If you're wasting time on procrastinators, you may not be so different after all. Wasting time and going off topic on other peoples threads is not procastination?? lol okay.

 

[Rprox]

Hi, in my post to bizniz , can someone give an example of compliance costs anyone?