Business succession is a crucial process for the continuity of every family business. Both the Netherlands and Germany offer specific regulations to optimize the tax aspects of the business transfer. For example, in the Netherlands, the Business Succession Scheme (BOR) is a key regulation, while Germany offers various exemption options.
Germany offers an 85% to 100% exemption from gift and inheritance tax for business transfers up to a value of €26 million. This is subject to certain conditions, such as the continuation of the business (for 5 or 7 years, respectively) and certain asset and payroll requirements. These payroll requirements prevent the employee's payroll from decreasing significantly during the continuation period. Small businesses with ten or fewer employees are, however, exempt from the payroll requirement.
Additional conditions apply to business transfers exceeding EUR 26 million, such as a wealth tax test.
The specialists at Heisterborg International have extensive experience with business succession in Germany. They are familiar with the various exemption options and can advise you on these in Dutch.
For example, you can contact us for:
You can contact us with all your questions about doing business in Germany, from complex legal or tax issues to questions about cultural differences. But we don't stop at just advice; we ensure you can successfully and worry-free do business in Germany. We go above and beyond other firms, as we can also take care of many practical matters for you.
"We've noticed that many Dutch entrepreneurs need tax advice, but they still find the jargon a bit difficult. That's why it's great that we can explain it in Dutch."
Specializing in international tax law
Please feel free to inquire about what we can do for you.
