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Brexit?
Exit to The Netherlands

BREXIT Company Move? Why You Should Move Your Business to The Netherlands, Not Ireland.

The BREXIT is a fact and international companies are wondering what the consequences on their company might be. International companies located in the UK, basically have two options:

  • Stay and face unknown consequences?

  • Or move operations to the EU?

 

When exploring options and new market entry in one of the EU-countries aspects as transportation and communications infrastructure, local regulations, business environment, strategic physical location, and a cultural fit will be discussed at the board’s table. Check out our Brexit Scenario Planning service!

While Ireland may seem a logical step for most UK companies, here’s 5 reasons why you should consider the Netherlands over Ireland.

1. Less Bureaucracy

Setting up a company in the Netherlands is less complicated for global entrepreneurs. Ireland has a policy that requires a non-resident directors bond in case no local/EU director is appointed. This is quite complex and expensive. Furthermore, in order to open a bank account, or apply for a VAT number, a ‘fully-fledged office’ is required. This will complicate your startup process, while in the Netherlands such matters are less complicated.
 

2. Taxation

The Netherlands and the Republic of Ireland are both considered to be low tax countries with many treaties worldwide easing international business. Though both countries are well-known for beneficial tax regulations, the Netherlands has lower corporate income tax for certain industries such as innovative R&D and Investment Funds. Additionally, the Netherlands has a flat taxation system on all activities resulting in less-complicated bookkeeping.

The already beneficial corporate income tax will be further decreased to 16% for small and medium enterprises and to 22.25% for larger corporations (with profits over €200,000) in 2020. Furthermore, the darkening of the advantageous expat ruling has been postponed for another 2 years.

3. Centrally Located

The Netherlands is centrally located within Western-Europe and has a well-developed infrastructure to easily reach over 700 million people within Europe. The Netherlands is well connected to the world with the 11th largest airport worldwide, the biggest harbor of Europe, well-maintained railways, and a highly developed infrastructure for cars. Establishing a company in Ireland might require difficult supply chains because it is not connected to mainland Europe.

This results in not only being able to go to the Netherlands easily, but it also has many connections to countries all over Europe. From Amsterdam, you can be in Paris in 3 hours, Brussels in 1.5 hours, and London in 4 hours by train.
 

4. Business Environment

The Netherlands ranks 7 places higher in the World Friendliest Countries for Business Ranking than Ireland, as well as occupies 2nd place in the Global Innovation Ranking, opposing to Ireland's 10th place. Fostering these high rankings is the political stability and banks which have international expertise and know-how with new non-resident entrepreneurs.

With a population almost 5 times more than in Ireland and with a significant number of international expats, the Dutch labor market offers a much broader choice of candidates with international experience, flexibility, and unique skill sets.

5. Dutch Culture

The Netherlands is known for having a very open and friendly business environment. Amsterdam has been voted by the New York Times to be the number 1 city to relocate to limiting risks from the BREXIT. Over 90% of the Dutch speak English, schools are ranked among the best in Europe, and the business environment is very tolerant.

 

All these factors result in the Netherlands being a very attractive country to relocate your business and limit the risks your company might be facing because of the BREXIT.

 

Interested to relocate your company in a centrally located and tax-friendly country? 

Read more about our Brexit Scenario Planning Service or schedule a call and discuss the opportunities with one of our experts!

YOUR BUSINESS TOOLKIT

FREE ACCESS TO ALL THE THINGS YOU NEED TO KNOW

Our experts have combined their knowledge and strengths to create a tool we call the Business Toolkit

The Business Toolkit will help you and entrepreneurs from around the globe to truly understand the Dutch market, regulations and laws. And will enable you to take a deep-dive the many business-related topics.

This way you will easily get up to speed with our Company formation process, Dutch Tax & Accounting and our corporate services. 

Make sure to check out our handy checklists, explainer video's and extensively written Whitepapers too!