Why Brexit has Entrepreneurs looking to Open a Company in the Netherlands
By Company Registrations Worldwide, 29th Apr 2020
Brexit has sparked an increase of entrepreneurs looking to open a company in the Netherlands or relocating their existing businesses. Holland is a natural choice, recognized as a world-class business destination and ranked number 4 “Best Countries for Business” in the world by Forbes. Holland is strategically located in mainland Europe’s front door acting as an ideal springboard into the European market.
Why are UK Companies Moving to the Netherlands?
Since the Brexit referendum, 180 UK companies have moved their registration to the Netherlands. The Netherlands’ Foreign Investment Agency reported more than half of these companies made this move in last year. The influx of UK Companies Moving to the Netherlands is expected to create more than 4,200 jobs and bring €375M into the Dutch economy.
An additional 425 UK companies are currently in discussions about moving to the Netherlands, this is up from just 175 at the beginning of the year. The UK has until 31st December 2020 to reach an agreement with the EU, but officials have warned that the timeframe is too limited to reach a comprehensive agreement.
Why Open a Company in the Netherlands?
The Netherlands has been an active EU Member since it was founded in 1957. After Brexit, the European Union will consist of 27 member states. Businesses registered in the Netherlands enjoy free movement of goods and services within the EU. Additionally, with no border controls and the use of a single currency makes it is easier for Dutch companies to do business with neighbouring countries.
Opening a Company in the Netherlands is an attractive option for multinational businesses. Small and mid-sized business to Fortune 500 companies have chosen Holland for its supportive corporate tax structure and highly educated, multilingual workforce. The most popular companies operating in the Netherlands are active in industries such as business service, IT, media and advertising. These types of businesses thrive in the Netherlands because of its superior logistics and technology infrastructure. One such company is Dutch telecom provider VodafoneZiggo (a joint venture between Vodafone and US-based Liberty Global) who recently announces plans to make 5G coverage available to the whole of the Netherlands by July 2020.
How to Open a company in the Netherlands
There are many options to choose from, the most popular company type is a Dutch Private Limited Company (BV). Existing companies may look to establish a Branch or Holding company in the Netherlands. Another option, which is increasingly popular with UK companies moving to the Netherlands is to domicile or relocate their companies; this is the process of re-registering a company in Holland. Visit our Netherlands Company Registration service page for more information.
Company Registrations Worldwide can assist you to incorporate or move a company to the Netherland. Please Contact Us or call+353 1 6874518, a member of our team would be happy to assist you.