AGN Live Country Guides

Doing Business in The Netherlands

Published in March 2020

The Kingdom of The Netherlands is a country located in North-Western Europe. It has three island territories in the Caribbean (Bonaire, Sint Eustatius and Saba). Mainland Netherlands consists of twelve provinces and borders Germany (East), Belgium(South) and the North Sea(North West).  Amsterdam, Rotterdam, The Hague, Utrecht and Eindhoven are its largest cities, Amsterdam being the capital. However government institutions such as The States General, Cabinet and Supreme Court are all located in The Hague. The Port of Rotterdam is the largest port in Europe and the largest outside Asia. Amsterdam Airport Schiphol is the busiest airport in the Netherlands, and the third busiest in Europe.

The Netherlands has a developed economy and has been playing a special role in the European economy for many centuries. Since the 16th century, shipping, fishing, agriculture, trade, and banking have been leading sectors of the Dutch economy. The Netherlands has a high level of economic freedom. The country was ranked the second most innovative nation in the world in the 2018 Global Innovation Index.

The key trading partners of the Netherlands are Germany, Belgium, the United Kingdom, the United States, France, Italy, China and Russia. The Netherlands is one of the world's 10 leading exporting countries.

The Netherlands continues to be one of the leading European nations for attracting foreign direct investment and is one of the five largest investors in the United States.

It is the world's second-largest exporter of food and agricultural products after the United States, owing to its fertile soil, mild climate, and intensive agriculture - this despite an area of 41800 sq km, of which only 33500 sq km is being land. Its population of 17.4 million means that the Netherlands is densely populated. 

'Netherlands' literally means 'lower countries', referring to its low topography, with only about 50% of its land exceeding 1 meter (3 ft 3 in) above sea level and nearly 17% being below sea level. Most of the areas below sea level, known as polders, are the result of land reclamation beginning in the 16th century. 

Since 1848 The Netherlands has been a parliamentary constitutional monarchy with a unitary structure and has a tradition of social tolerance. The Netherlands is a founding member of the EU, Eurozone, G10, NATO, OECD and WTO, and is part of the Schengen Area and the trilateral Benelux Union. 

The Netherlands, and in particular The Hague, is the location for some prestigious intergovernmental organisations and international courts, and consequently it can be called "the world's legal capital". Their socioeconomic model is based on consensus decision-making, known as "polder model". The Netherlands is one of the world’s most prosperous countries and has a mixed-market advanced economy and the thirteenth-highest per capita income globally.  It rates very highly in terms of press freedom, economic freedom, human development, quality of life, as well as happiness. It has a strong and advanced welfare state that provides healthcare, public education and infrastructure, in addition to social benefits.
 
This portal incorporates live data feeds from:

The Organisation for Economic Cooperation and Development (OECD)
The World Bank
The observatory of Economic Complexity

The intention is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.

 

 

 

Use the navigation buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.

OECD Country Comparison Portal

The window below is a direct feed of regularly updated information from the OECD. It provides data concerning everything from GDP growth, fiscal balance, investment, and unemployment rates to consumption, import volume and export volume. The window allows comparisons between The Netherlands and other countries of the OECD average for these factors.

Inflation (CPI)

Total, Annual growth rate (%)

World Bank Development Indicators

Exports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods exported from The Netherlands.

Imports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods imported into Netherlands.

Trade Balance

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph illustrates the subsequent trade balance of exports and imports to and from The Netherlands.

Destinations

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph shows the destinations of goods and services by country.

 

Business Opportunities in the EMEA Region:

BIG TAX INCENTIVES TO LIVE, WORK AND INVEST IN ITALY! 
     (February 2020)

The Italian Government has introduced measures intended to encourage workers and entrepreneurs to move to, and invest in, Italy:
  • HIGH NET WORTH INDIVIDUALS – 100K€ LUMP SUM TAX 
  • SPECIAL TAX REGIME FOR WORKERS AND (INDIVIDUAL) ENTREPRENEURS TRANSFERRING THEIR RESIDENCE TO ITALY
  • 7% FLAT TAX FOR FOREIGN PENSIONERS TRANSFERRING THEIR RESIDENCE TO ITALY

For further information and take action, please contact us.

Find the AGN Firm best prepared to serve you


BREXIT 3: AN UPDATE – WHERE TO NOW?       (December 2019)

The UK’s new Conservative-led government now has a clear parliamentary majority of 80 seats to enable it pass into law the Brexit Withdrawal Agreement (the ‘Deal’) by the deadline of the 30 January 2020.

So it would seem the election result has brought some clarity. Or has it?

On the 12 December 2019 the Conservative party won Britain’s General Election with a large majority and thus with it the power to fulfill their pledge to secure parliamentary approval of the Brexit Withdrawal Agreement by Christmas and leave the EU by 31 January 2020.

Despite the positive initial reactions of capital and currency markets, as well as they party’s election slogan “Get Brexit Done”, this isn’t the end of the matter. That is because the Withdrawal Agreement contains only the legalities around the divorce of Britain from the EU. It does not cover the future relationship.

So in fact, this is probably only the end of the beginning of the Brexit process. Prime-Minister Boris Johnson now has until December 2020 to agree a favorable forward-looking trade deal with the EU. Although he has until 30 June 2020 to ask for a further extension of Britain’s regulatory transition (standstill) period with the EU, Mr Johnson insists he will not ask for any extension. If a deal is not reached, Britain would then revert to World Trade Organisation tariffs and rules (i.e. a ‘No Deal’ or Hard Brexit).

Thus we are likely looking at another cliff edge deadline. Trade deals historically have taken years to deliver, but there are only some 6 months until the 30 June deadline. Perhaps because negotiations are not starting from scratch (it being a case of altering trade arrangements that are already in place) the PM must presumably be confident that a deal can be reached within this time, and is said to be looking as the so-called “Canada-plus” model.
Find AGN Firms prepared to serve you

BREXIT: UNCERTAINTY IS THE WATCHWORD, BUT INVESTMENT OPPORTUNITIES STILL EXIST!      (May 2019)

The Brexit leave date has come and gone and the future of the UK relationship with the EU is plagued with uncertainty which looks set to continue - but with a new deadline of Oct 31 2019.   

MORE OF THE SAME - WHAT TO SAY TO BUSINESS LEADERS? 

The UK Prime Minister's resignation only serves to confirm the now familiar message to business i.e. that they must continue to plan for uncertainty:
  • In the near term, consider exposure to possible disruptions in movement of good/services for both suppliers and customers, model scenarios of price changes (whether through logistical costs, tariffs & taxes or exchange rate movements) and consider if changes in mobility of people might impact the workforce or customer base.
  • Thereafter, think about scenarios for the possible opening up and closing down of opportunities in various markets, how the competitive landscape might alter and, perhaps in addition to planning for the downside, consider what upsides might present themselves?     
Find the firm best prepared to serve you

Tax Publications

TAX CARDS 2019

A summary of tax facts of countries in the EMEA region


Check how relevant taxes are regulated in several countries in Europe, Middle East and Africa. Updated in May 2019.

read full publication

AGN News in the EMEA Region:

February 2020

Press Release: London, UK Firm Joins AGN Membership




AGN International – one of the world’s leading associations of independent certified public accounting and consulting firms, announces that BKL has joined its membership in the UK. The London-based full-service firm was established in 1980 and has 15 partners and nearly 150 staff. BKL specialises in the financial services, technology & digital and property sectors, and high net worth individuals.

Read the Press Release

February 2020

Member News: Active-Audit Partner with SWIFT 




In November 2019, AGN EMEA member Active-Audit, based in Ukraine, became a partner of the international information transfer and payment system (SWIFT) under the Customer Security Program (CSP). Fighting fraud is a problem for the entire financial industry and SWIFT has developed a Client Protection Program (CSP) to support clients in the fight against cyber attacks.

Read the full article

AGN Firms in the country


Netherlands
DAAMEN & VAN SLUIS ACCOUNTANTS BELASTING ADVISEURS - Amsterdam
Vierwindenstraat 273
1013 CW Amsterdam
Time Zone: GMT +1
Phone: (+31 20) 619 4922
EMail: info@daasluis.nl
Daamen & van Sluis Accountants Belastingadviseurs
Fascinatio Boulevard 722
2909 VA Capelle a/d IJssel
Time Zone: GMT +1
Phone: (+31 10) 458 1144
EMail: info@daasluis.nl
DAAMEN & VAN SLUIS ACCOUNTANTS BELASTING ADVISEURS
Frederik Hendriklaan 2
3851 XB Ermelo
Time Zone:
Phone: (+31 341) 56 3217
EMail: info@daasluis.nl
DK Accountants & Adviseurs - Amerongen
Koningin Wilhelminaweg, 37
3958 CK Amerongen
Time Zone:
Phone: (+31 343) 481 841
EMail: t.luchtenburg@dkaccountants.nl
DK Accountants & Adviseurs - Breda
Verlengde Poolseweg, 16
4818 CL Breda
Time Zone:
Phone: (+31 402) 520 325
EMail: t.luchtenburg@dkaccountants.nl
DK Accountants & Adviseurs - Ermelo
Leuvenumseweg 29
3850 AA Ermelo
Time Zone:
Phone: (+31 341) 455 830
EMail: h.bleijenberg@dkaccountants.nl
DK Accountants & Adviseurs - Eindhoven
Ekkersrijt 4002
5692 DA Son
Time Zone:
Phone: (+31 402) 520 325
EMail: t.luchtenburg@dkaccountants.nl
DK Accountants & Adviseurs - Amsterdam
Spaarndammerdijk 13
1013 ZM Amsterdam
Time Zone:
Phone: (+31 206) 200 771
EMail: t.luchtenburg@dkaccountants.nl
DK Accountants & Adviseurs - Almere
Camerastraat 23
1322 BB Almere
Time Zone:
Phone: (+31 365) 468 206
EMail: r.miske@dkaccountants.nl
DK Accountants & Adviseurs - Nieuwegein
Edisonbaan 23
3439 MN Nieuwegein
Time Zone:
Phone: (+31 306) 374 625
EMail: h.bleijenberg@dkaccountants.nl
DK Accountants & Adviseurs - Tiel
Morsestraat 37
4004 JP Tiel
Time Zone:
Phone: (+31 344) 627 600
EMail: t.luchtenburg@dkaccountants.nl
DK Accountants & Adviseurs
Landjuweel 22
3905 PG Veenendaal
Time Zone:
Phone: (+31 318) 500 005
EMail: t.luchtenburg@dkaccountants.nl
Q-Concepts Accountancy B.V.
Maasstraat 9-11 (The Maze building)
3016 DB Rotterdam
Time Zone: GMT+1
Phone: 0031 73 62 32 510
EMail: info@q-concepts.nl
Q-Concepts Accountancy B.V.
Australielaan 9
6199 AA Maastricht-Airport
Time Zone: GMT+1
Phone: 0031 73 62 32 510
EMail: info@q-concepts.nl
Q-Concepts Accountancy B.V.
Reitscheweg 45
5232BX s-Hertogenbosch
Time Zone: GMT+1
Phone: 0031 73 62 32 510
EMail: info@q-concepts.nl
Rosenberg Consult
Wilhelminapark 61
3581 NP Utrecht
Time Zone:
Phone: (+31 30) 23 24 020
EMail: olav.rosenberg@kvrgroep.nl