Location
Industry/Niche
Solution
China
Diverse Retail Products
International Businesses
Allure Retail Connect B.V. is a company established by Chinese owners who wanted to dip their foot into the Dutch market. Initially, they were interested in the All In One Brand solution, however, decided that they wanted full control over their business and Bol.com seller account. Therefore, after a few meetings, we helped them establish their own private limited company.
The biggest problems that they had was that being from abroad, they did not understand the process of being a registered seller on Bol.com and that there were many process involved such as having to establish a company in The Netherlands. This meant that they had to reach out to several parties just to get the slightest knowledge of how everything works together.
Additionally, not having a strong proficiency in English made it extremely difficult for them to find a company that was able to fulfil their requests. Also, since they resided abroad, there were challenges and legal issues with not being able to open up a Dutch bank account for company purposes which meant that they had no way to receive income from Bol.com sales.
Legally establishing a B.V.
Setting up a local business address
Setting up Bol.com seller account
Registering for VAT filing account
Bank management service
We managed to set up a fully functional company for them within the span of 3 months. It took a lot longer than we expected due to having to undergo several verification checks and requiring an official translator but this taught us how to best prepare for future clients with the same background in future situations.
While the verification process was happening in the background, it gave us the ability to ensure that the other components were all set up and ready to be implemented as soon as the B.V. was fully established and ready to move forward. In the meantime, we prepared components such as the VAT registration, finalised the legal business address, and setup the bank service management.
We now manage the banking system (payouts) for the company where we check their invoices received from Bol.com and transfer them their payments on a bi-weekly basis (which they have chosen to opt for). We also occasionally support them with free advice and tips about how to grow their Bol.com store even further.
Set up a fully functional B.V. in a short amount of time
Successfully set up a Bol.com seller account
Manage the bank account of the company
Register the business to a local address
Assist with documentation and verification
Register for a quarterly VAT filing account