Step-by-step guide for closing down a business
If you close down your business in the Netherlands, you need to adhere to the rules set by the government. You can use this step-by-step guide to quickly determine your obligations. This guide is not meant for businesspeople who change their legal form, businesspeople who sell or transfer their business or businesspeople whose business goes bankrupt. In this respect, different rules apply.
This guide serves merely as a guideline. You may need to fulfil other obligations as well. Several steps can be carried out at the same time.
Please note: Also remember to cancel permits, telephone numbers and subscriptions and to terminate running contracts, for example, for office space.
If you are a self-employed professional and wish to cease trading, you may receive financial support from your municipality based on the Self-Employed Persons (Provision of Assistance) Decree (Besluit bijstandverlening zelfstandigen, Bbz) or the Older and Partially Disabled (Formerly Self-Employed) Persons Income Support (Inkomensvoorziening oudere en gedeeltelijk arbeidsongeschikte zelfstandigen, IOAZ). One of the conditions is that you are still being registered in the Trade Register.
You must deregister from the Dutch Business Register of the Dutch Chamber of Commerce (Kamer van Koophandel, KVK). You can send the deregistration form or hand it in personally.
3. Check your deregistration from the Dutch Tax and Customs Administration and settle matters fiscally
KVK will pass on your notification of deregistration to the Dutch Tax and Customs Administration. You therefore do not have to deregister separately from their registers. It may be possible that you have to draw up a final balance sheet and settle with the Dutch Tax and Customs Administration fiscally.
If you discontinue your business, you may be eligible for discontinuation relief (stakingsaftrek). If you use this facility, you will pay less tax on profits on suspension of business.
After your business has been closed down, you must keep your administration for at least another 7 years. You may save your paper administration digitally.
If you employ staff, you must terminate their employment contracts. You require a dismissal permit from the Employee Insurance Agency (UWV). You must notify the Dutch Tax and Customs Administration about dismissing your employees.
If your business ceases trading, you must also remember to cancel your business insurances.
Contact your domain name registrar to discontinue a domain name use. The registrar will pass on the change to the Foundation for Internet Domain Registration in the Netherlands (SIDN).