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Cooperative Act (Wet op de Coöperatie)
- In the Netherlands, cooperatives are governed by the Cooperative Act (Wet op de Coöperatie), and they can take various forms, such as agricultural cooperatives, worker cooperatives, or consumer cooperatives.
ondemandint.com/resources/setting-up-a-cooperative-in-the-netherlands/Setting Up a Cooperative in the Netherlands: Procedure & Costs
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If you are interested in the benefits of working as a collective, one option is to create a legal entity in the form of a cooperative (coöperatie). You can set up a cooperative with 2 or more members. Members can enter or leave the cooperative without jeopardising its continued existence.
The primary source of legislation for all cooperatives is the Second Book of the Netherlands Civil Code on Legal Persons (hereinafter: NCC). However, there is no section in the NCC containing all the provisions on cooperatives as the Second Book of the NCC contains provisions on legal persons in general. Several sections of this part of the NCC ...
Jun 18, 2021 · The Dutch government has introduced legislation formalising the governance and supervision of associations, cooperatives, mutual societies and foundations.
- What Is A Cooperative?
- Establishing A Cooperative
- Liability and Debts
- Taxes
- Administration
- Staff
- Modifying Or Dissolving A Cooperative
A cooperative provides for the financial and material interests of its members. For example, by purchasing goods or materials together or as is common in agriculture, by processing raw materials into finished products together in a cooperative factory. Nowadays, self-employed professionals have also started working together in a cooperative. In thi...
It takes at least 2 members to establish a cooperative. To set it up, you need to go to a civil-law notary. The civil-law notary draws up a deed and set out the articles of association, the cooperative’s internal rules, in consultation with the members. Topics covered by these articles of associations include: 1. the purpose of the cooperative 2. t...
The cooperative is wholly liable. The assets contributed by members are directly subject to this liability. If the business goes bankrupt, the entire cooperative follows. Members are not personally liable for the debt. The cooperative's articles of association specify the extent to which members are liable in the event of dissolution or bankruptcy....
After registration with the KVK, the cooperative will automatically be contacted by the Dutch Tax Administration. If the cooperative’s business activities are subject to VAT(in Dutch), the cooperative receives a VAT identification number and sales tax number from the Dutch Tax Administration. The cooperative can file its VAT returns online on a qua...
Every business must keep records. Accounting is an important part of the administration. You use the data from your financial records to prepare an annual statement, which gives you an overview of the cooperative's financial position. Tax returns are also based on these financial statements. After the close of the fiscal year, the cooperative must ...
A cooperative can employ staff. Like any other employer, the cooperative pays payroll taxes and social security contributions for its employees. When hiring your first employee, register as an employer with the Tax Administration and notify KVK of how many people you employ.
You may decide to convert a cooperative to another legal form for financial or organisation reasons. For example, because a different legal form would have more tax benefits or because the benefits of a cooperative have diminished due to a low member count. Due to the legal and tax-related changes and consequences, it is best to consult an expert s...
May 2, 2014 · According to Dutch law a cooperative is an association aiming in meeting the material needs of her members. One of the main advantages of a cooperative is its relative ease to set up. You only need a notary to draw up a deed and register the cooperative in the Trade Register.
In the Netherlands, cooperatives are governed by the Cooperative Act (Wet op de Coöperatie), and they can take various forms, such as agricultural cooperatives, worker cooperatives, or consumer cooperatives.
In the Netherlands, the national expert regards best practices of cooperative legislation to be its flexibility and the statutory rules on membership withdrawal which protect members against too restrictive rules in the articles of association.
