What do you need to know when starting as an entrepreneur in the Netherlands?
The Netherlands might be small, but economically they are significant. Located on the west coast of Europe, with a big harbour and an excellent infrastructure, the country is a fantastic gateway to or from Europe. But how can a foreign entrepreneur become successful in the Netherlands, and why is it such a great country to conduct business in?
Even though the Netherlands is one of the smallest countries in the world, they have the sixth most competitive economy according to the World Competitive Center (2023). Moreover, the Dutch are the most proficient English speakers in the world, outside the Anglosphere, and they own the biggest harbour in Europe (EF, 2023; Business Insider, n.d.). They are combined with a solid infrastructure and a government that offers plenty of opportunities for foreign entrepreneurs. Making the Netherlands a dynamic location where companies can thrive and innovate.
When starting a business, there are no restrictions for foreign investors. However, focusing on the legal implications required in Holland is essential. Firstly, it is crucial to choose the proper business structure. Moreover, it is vital to understand how the tax system works and what the local obligations are. And if the company has foreign employees working, these employees need to have the proper permits, and the company should keep up with local employment regulations. Lastly, the Netherlands handles strict policies surrounding HR legislation. Discrimination and working under minimum wage are two examples that are forbidden in the small country (Intertrust, 2022).
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Are you thinking of (re)locating your business to the Netherlands? That could be a great decision! But moving a company to another country can be challenging. Language, culture, and local rules and regulations are obstacles that complicate (and slow down) the process of starting what you want to do most, start your business! Q-Business Support offers support surrounding corporate services, accounting and financial reporting and compliance. The team consists of multilingual and highly skilled professionals. With over 25 years of experience, the professionals have become experts in listening and responding to clients’ needs, all to create solutions tailored to the needs of their clients so you can focus on what matters the most: your business.