The Benefits of Expanding Your Business to the Netherlands
So, you are thinking of expanding your business to the Netherlands? Great and rightly so! The Netherlands has a competitive climate, a sociable business environment and is one of the most connected countries in Europe. With its supportive tax structure, international business trade, superior logistics and highly developed infrastructure it is hard to beat.
Researching the Market
Whilst the world is still very much on lockdown, now is the perfect opportunity to start doing some research for when business returns to some sort of normality. Below I am going to discuss the 6 main benefits for businesses looking to expand their business into the Netherlands.
The Location
Firstly, you cannot beat the location. The Netherlands gives access to 95% of Europe’s consumer markets as well as providing markets to the Middle East and Africa, it is also the fourth largest trading partners for the UK. The main cities in the Netherlands which have an ideal location to contemplate expanding a business in are Amsterdam, Rotterdam, Utrecht, Eindhoven, Tilburg, Groningen and Haarlem.
- Access to large consumer markets
- Highly skilled migrant visa available
- Multilingual and international workforce
Local Culture
The culture of the Netherlands is diverse to say the least, people can be very direct and straight forward. However, this is not discrediting the Dutch locals in any way, they are also very innovative and are extremely great at implementing new ideas.
Language
Dutch is the official language, but many people also speak more than one language. English is widely spoken (over 90% of the population speak English) German and/or French are the third or fourth language spoken.
Economy
The Dutch economy has been stable for years and is continuously seeing steady growth being the eighth largest importer of goods across the world.
The economy is noted for reliable industrial relations with low unemployment and inflation.
Business Opportunities
- Food processing
- Chemicals
- Oil & Energy
- High-tech
Taxation
With significantly low corporate tax rates, the tax benefits are a substantial reason for any company to expand into the Netherlands.
The Dutch social security is very comprehensive, covering Dutch residents is divided into the national security and the employee insurance.
Conclusion
Before you expand your business to the Netherlands, research and plan what you expect your business to be like and all areas of the potential market. For more information about expanding a business to the Netherlands, check out our free Payroll and Tax in The Netherlands Guide or learn about our PEO Servies in the Netherlands.
