Netherlands Payroll and PEO services are some of our most popular solutions. Not the largest of countries in Europe but certainly one of the most dynamic centres for trade and industry, the Netherlands has been attracting international businesses for decades.
So what makes the Netherlands an ideal business expansion destination?
The Netherlands has one of the world’s most advanced and stable economies. It is the fifth most prosperous country according to UNDP. Also, the sixth largest EU economy with the GDP of $826 billion in 2017. In addition to this, the country happens to be the fifth – largest exporter and the eight – largest importer of goods in the world.
Favourable location and highly developed infrastructure
Holland is considered to be the getaway to Europe because of its favourable location and the world-class air and sea ports. For instance, Amsterdam Airport Schipol is the third – busiest in Europe and the tenth – busiest airport in the world, accepting passengers and cargo from anywhere on the planet. Meanwhile Rotterdam Europort is Europe’s most important port and the sixth-busiest in the world. Furthermore, the country has the largest inland fleet in Europe. Not mentioning that it is well connected with Belgium, France, Germany, Luxembourg and the UK by rail and roads.
Large and well-educated population
Despite the small size, the Netherlands is the tenth most populous European country. With over 17 million people living there, it gives you access to a large consumer market and talent pool. Moreover, the Dutch are highly educated. Most of them have university degrees. In addition to this, the Netherlands ranks first out of 80 countries according to the EF English Proficiency Index. Besides that, many Dutch also speak German and French.
The Dutch are famous for being highly innovative. From providing solutions to keep rising water to developing renewable energy and high tech. This means that the locals are extremely accepting of and open to implementing new ideas. As well as, there is always demand for the services or products you offer.
Favourable business climate
The government takes fostering favourable business climate in the Netherlands very seriously. Starting from supporting start-ups. To creating hospitable environment for such international business giants as Astellas, Danone, Fijifilm, Huawei, KPMG, PWC, SABIC and many more. Furthermore, the Netherlands foreign investment agency assists companies at every stage of establishing and expanding operations in Holland. No matter what size your company is or in what industry it specialises in, you are guaranteed to thrive.
Beneficial tax system
Surprising as it may seem, entrepreneurship is being rewarded by many tax benefits, credits and grants in the Netherlands. Current corporate tax rate is 20% on the income under €200,000 and 25% on profits exceeding this amount. However, the government will lower the rates significantly by 2021. Dutch tax law also provides the participation exemption, which states that all benefits related to a qualifying shareholding, including cash dividends, dividends-in-kind, bonus shares, hidden profit distributions and capital gains, are exempt from Dutch corporate income tax. As if these were not enough, Holland has signed treaties with more that 80 countries that ensure the avoidance of double taxation on income and capital.
There are many more ways in which you would benefit from starting a business in the Netherlands. Although the Dutch promise to roll out the orange carpet whenever you decide to establish a company there, compliance is non-negotiable. Even though the legal system is fair and transparent, you would definitely benefit from the assistance of the in-country expert.
Call Bradford Jacobs now to find out how our compliance experts can help you.