4 minute read

How to Start Your Own Business

Unlock the steps and strategies to easily turn your business idea into reality, no matter where you are in the world. Discover how to register your business, choose the right structure, and manage business finances with ease.

17 October 2024

Ever thought about starting your own business? Whether you're dreaming of a tech startup, a cozy café, or even something never done before, there are a few steps you’ll need to turn that idea into reality. This guide will walk you through the key financial and legal steps to get your venture off the ground, no matter where you are. Plus, we'll show you how bunq can make managing your business finances easier so you can focus on what really matters: growing your dream.

Ready to Launch Your Business?

Whether you're going solo or growing an SME, here’s your roadmap to bring your ideas to life and set yourself up for success.

1. Register Your Business

The first thing you need to do is officially register your business with the local authorities. This makes your business an official player in the market and opens up all the opportunities that come with it. Wherever you are, this process is designed to be straightforward, so you can get up and running in no time.

2. Choose the Right Business Structure

Selecting the right business structure is a key part of your journey. Whether you’re a sole proprietor or creating a limited company, this decision will set the tone for your business's future. Think of it as laying the foundation for your growth, and there’s always help available to guide you toward the best choice for your goals.

3. Open a Business Bank Account

Keeping your personal and business finances separate is essential. That’s where bunq comes in—we make it super easy to open a business bank account. Whether you’re managing expenses, accepting payments, or automating tasks, we give you the tools to manage your finances effortlessly so you can stay focused on your vision.

4. A Winning Business Plan

Your business plan is your roadmap to success, and it's a great opportunity to refine your ideas, map out your goals, and set clear milestones for growth. Whether you’re securing funding or simply organizing your thoughts, a solid business plan ensures you’re on track to achieve your dreams.

5. Understand Corporate Tax

Every business has to deal with taxes, and it’s important to know what you owe. Make sure you’re up to speed on your tax responsibilities to avoid surprises down the road. With AutoVAT, you can effortlessly set aside the right amount for taxes, ensuring you're fully prepared come tax season.

Why Entrepreneurs ❤️the Netherlands 

The Netherlands is known for being a great place to start a business, thanks to its strong support for entrepreneurs and a straightforward registration process with the Kamer van Koophandel (KvK). You’ll also find a favorable tax environment that makes it easier to thrive. While the Netherlands is just one example of a supportive environment, the basic steps for starting a business are similar no matter where you're located.

How bunq Can Make Life Easy for Entrepreneurs

At bunq, we understand that your time is best spent doing what you love—growing your business. That’s why we make banking incredibly simple and stress-free for entrepreneurs.

Multiple Bank Accounts

With bunq, you can manage different financial streams by opening  up to 25 Bank Accounts. It’s perfect for keeping everything organized and clear, whether you're managing multiple projects or just want to separate your expenses

Tap to Pay

Need a quick and easy way to accept payments? With Tap to Pay, your customers can pay you directly from their phone or card—no extra hardware needed. Fast, efficient, and hassle-free.

Automation

Simplify your business tasks with bunq’s Automation capabilities. Automatically sync your accounts with your favorite bookkeeping software and watch as bunq takes care of repetitive tasks for you. This way, you can focus on your big picture plans while your finances run smoothly in the background.

Competitive Interest Rates

Grow your business funds with ease! Earn 1.05% interest on your business savings or up to 2.30% on foreign currency accounts. It’s a great way to make your savings work for you while you concentrate on taking your business to the next level.

Shared Access

Collaboration has never been easier! With Shared Access, your team or partners can help manage the finances without sacrificing control or visibility. Everyone stays in sync, and your business thrives.

bunq Web

You’re always connected with bunq Web. Manage your accounts anytime, anywhere—whether you’re in the office, traveling, or working remotely, you have complete control of your business finances at your fingertips.

Conclusion

Starting a business is an exciting adventure that opens up endless possibilities. By following these simple steps—from registering your business to managing your finances effortlessly—you’re setting yourself up for success. Whether you’re in the Netherlands or anywhere else, bunq is here to simplify your business banking so you can focus on what truly matters: growing your business and making an impact. 

Ready to take the leap?

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Easy Bank icon
Easy Bank

€3.99/month

Everything you expect from a mobile bank, and more. Open a bank account in just 5 minutes with your phone and ID.

Easy Bank Pro icon
Easy Bank Pro

€9.99/month

Enjoy full control over your money wherever you go, with true borderless banking, easy budgeting, powerful cards, and much more.

Easy Bank Pro XL icon
Easy Bank Pro XL

€18.99/month

Discover the full power of mobile banking, with worldwide Travel Insurance, priority support and more trees planted when using your card.

Find your perfect fit

Easy Card icon
Easy Card

Free

Get an international credit card in less than 5 minutes. Add it to Apple/Google Pay and start making payments today.

Easy Savings icon
Easy Savings

Free

Get a Savings Account and start growing your money faster with 3.36%* interest. No minimum deposit is required!

Easy Bank icon
Easy Bank

€3.99/month

Everything you expect from a mobile bank, and more. Open a bank account in just 5 minutes with your phone and ID.

Easy Bank Pro icon
Easy Bank Pro

€9.99/month

Enjoy full control over your money wherever you go, with true borderless banking, easy budgeting, powerful cards, and much more.

Easy Bank Pro XL icon
Easy Bank Pro XL

€18.99/month

Discover the full power of mobile banking, with worldwide Travel Insurance, priority support and more trees planted when using your card.

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Open your account in just 5 minutes, directly from your phone.

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Open your account in just 5 minutes, directly from your phone.