9 Reasons to Start your Business in the Netherlands

Numerous reasons to start your business in the Netherlands are:

1. Tax advantages

• One of the most important reasons to start your business in the Netherlands is that it has a number of alluring tax incentive schemes that are enticing to various kinds of businesses.
• The government additionally offers attractive tax reductions, reimbursements, and allowances, as well as a degree of stability and openness that entrepreneurs can rely on in the future.
• In the Dutch, the typical corporate rate of taxation is approximately 15% on the first 400,000 Euros in revenues, which is a comparatively lower rate.
• The Netherlands promotes financial assistance programs for emerging firms and offers compensation for costs associated with R&D.
• Furthermore, companies may profit from the bilateral tax agreements that the Netherlands has signed with different nations, which will aid companies in avoiding double taxation.

2. Strategic location

• The Netherlands is in a prime location for companies looking to expand into the EU marketplace which proves to be another one of the reasons to start your business in the Netherlands.
• The Netherlands, one of the world’s most advanced economies, combines outstanding infrastructures with a favorable location.
• Due to its advantageous location, the nation has attracted the attention of international businesses looking to increase their market share.
• The Netherlands’ economy is essential to the transportation center of Europe. 95 percent of Europe’s biggest profitable customer marketplaces are accessible to the nation.

3. Business-friendly environment

• Another one of the most crucial reasons to start your business in the Netherlands is the business-friendly environment.
• 90% of Dutch citizens speak English fluently, and a higher percentage are multilingual. Due to this, the nation keeps a strong focus on international relations and is particularly receptive to foreign firms.

4. Startups visa

• The Netherlands Startup Visa was created by the state for non-European or non-EEA individuals who want to build a company there.
• It provides ambitious entrepreneurs with an entire year to launch their company and the possibility of an extended year.

5. Skilled workforce

• Another one of the most crucial reasons to start your business in the Netherlands is the highly skilled workforce.
• The country’s personnel is better qualified, talented, and bilingual, providing businesses with a desirable labor supply.
• The Netherlands is a desirable location for employees to reside because it is one of Europe’s major hubs of culture.
• For businesses looking to build or restore industrial operations across Europe, the country’s extremely competent engineering staff and extensive supply network present significant benefits.

6. Infrastructural facilities & Connectivity

• The Netherlands is well known for its world-class connectivity and transportation networks, which speed up and make business transactions simpler.
• It possesses some of the quickest internet services across all of the European Union. The country is the origin of Bluetooth as well as Wi-Fi.
• Based on the European Digital Startup framework, the country does exceptionally well across all of the regulatory parameters required to strengthen and promote innovative environments.

7. Governmental assistance for innovation

• Another one of the most crucial reasons to start your business in the Netherlands is the various governmental assistance for innovation projects.
• The Dutch government has created a structure that enables inventive entrepreneurs and growing enterprises looking to open a company in the country to get government assistance and tax breaks.

For instance, the WBSO program or the R&D grant subsidizes a business for its labor and many other expenses if it carries out operations involving research and development like:

• creation of a brand-new, innovative item.
• resolving a critical technical issue.
• scientific research.

8. A strong economy and a stable political situation

• A nation that functions well, and adheres to the legislation and the democracy of the nation, like that of the Netherlands, promotes a secure environment for conducting commercial operations.
• The Dutch are recognized for their ability to reach a consensus on important issues and for offering their citizens robust social services, which boosts stability.

9. Robust financial hub

• Significant financial organizations have long preferred the Netherlands as a location. The Dutch economy is significantly influenced by a robust finance industry.
• The Ministry of Finance has sought to establish the Netherlands as a global financial hub.
• This has led to the development of a thriving financial industry, however, the lack of public register coverage makes it difficult to obtain loans.