Setting up a "stamrecht BV"
Advantages of a stamrecht BV
Setting up a stamrecht BV (literally: 'annuity company') when you receive a severance payment (also known as 'golden handshake'), leaves you with more flexibility than other solutions such as a 'stamrecht' savings (blocked) account or a stamrecht insurance policy:
- You decide how to invest your money
- You can borrow money from a stamrecht company e.g. to (partly) pay off your mortgage
- You have more flexibility in setting up an annuity payment schedule
- You have more control over the annual expenses
- You can start your own business with a stamrecht company
In addition, the total expenses of a stamrecht company for severance payments of around € 60.000 and more tend to be lower than for other solutions, due to the absence of hidden costs. The same goes for the annual expenses (administration) though depend on how much you want or can do yourself.
Why have Second Start constitute your stamrecht company?
- Expertise and many years of experience with stamrecht BV's
- Small office, no 'junior' or 'sales representatives', we take the time for you
- Fast set up by proactive and effective communication
- No standard product but a tailored stamrecht company
- Low constitution expenses and low costs for administration
- More tax benefit than using the standard annuity agreements from the tax authorities
- Full tax guarantee: you will receive a qualified opinion from the tax authorities
- If you want, we open the bank account for you at ABN AMRO which has attractive conditions for stamrecht BV's
- Funding of the minimum required capital of 18,000 euro if necessary
- Support after the constitution (registration with tax authorities, loan agreements, administration templates, etc.)
- Unique guarantee: you only pay if you are satisfied with our services
- Extensive experience with immigration and foreign VIP's stamrecht
Stamrecht Ltd
You can also choose to set up a stamrecht (UK) limited company or a limited company constituted in any of the countries of the European Union. This is particularly useful if you want to emigrate. An advantage of the annuity-ltd is that in any setting need to be paid 18,000 euros as the annuity BV. Note, however, that the capital requirement for private companies will be soon be abolished.
Immediately begin setting up your annuity BV
You have decided you want to establish an annuity BV and want to get started (e.g. because your termination date is approaching or has passed). On these pages we tell you what choices to make, what steps you should take and what information we need from you. You will also find the necessary forms and documents.
Formation steps stamrecht BV
The establishment of an annuity BV consists broadly of two parts:
Notary
The first step is to provide us with some personal details for the notary to be able to draft the articles of association.
Bank
With the draft articles, Second Start opens your bank account (if requested) at ABN AMRO bank. You can also opt for an account at any bank and the office of your preference. Remember that to be able to open the bank account it is not necessary that your stamrecht BV has been registered with the commercial register, though many local bank branches will tell you the contrary.
Fiscal Documentation stamrecht BV
severance documentation
Please send a copy of your passport and (if already available), your severance documentation (termination agreement or court order and related litigation documents), preferably by email.
annuity payments
You need to decide wether you want to receive annuity (periodical) payments immediately after the set-up or at a later moment (ultimately at the age of 65). If you want payments to start immediately, Second Start could help you plan an optimal benefit to determine, based on an actuarial calculation.
Next step is to submit the draft 'stamrecht' agreements with the Dutch Tax Authorities for approval.
NOTE: If you decide to set up a stamrecht BV, inform your employer as soon as possible, preferably in writing or email. Do not provide him with the account number of the company before the constitution date! If he accidentally pays your redundancy payment before the constitution is complete, you are fully liable for income taxes.
It might be good to know that these steps are without any obligation from your side. You only need tp pay the invoice of Second Start when you have received your gross severance payment in the account of your stamrecht company. If you are not satisfied with our services there is no obligation to pay.
Our fee is € 1.395 excluding VAT. If you have one or more colleagues who want to use our services as well, you can obtain a discount of € 100. The constitution expenses can be deducted from the result of your company for (corporate) tax purposes.
