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:

EU-UK Trade and Cooperation Agreement (TCA) 
UK VAT Requirements
(January 2021) 

Technical Alert: EU-UK Trade and Cooperation Agreement (TCA), UK VAT Requirements

An update to earlier 'Post Brexit UK VAT Requirements 

On 1 January 2021, the UK formally left the EU after the end of its transition period. A new “Trade and Cooperation Agreement” was reached in principle between the UK and EU on 24 December 2020. The deal will cover the future UK-EU relationship, with the two parties having now implemented the agreement.

What impact does this have on the previously foreseen changes from a VAT & Customs perspective?
For more information, contact with the author of the Technical Alert: 

Chiene + Tait LLP VAT Support
Iain Masterton
Indirect Tax Director
+44 131 558 5800
Iain.masterton@chiene.co.uk
Connect with AGN UK Firms. AGN International has an expansive and diverse list of AGN firms in the UK.

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.
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Tax Publications

TAX CARDS 2021

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 July 2021.

Access the publication

AGN News in the EMEA Region:

October 2021

Press Release: Dubai Firm Joins AGN Membership




AGN International – one of the world’s leading associations of independent certified public accounting and consulting firms, announces that AMAJ has joined its membership in the AP region.

AMAJlocated in Dubai, United Arab Emirates, was established in 2017 by Abdulmannan Al Janahi and JDNT & Associates, an AGN member firm based in India. AMAJ provides Audit, Taxation, Advisory Services, ERP consulting, Cyber security and other ITes services.

Read the Press Release

October 2021

Press Release: Spanish Firm Joins AGN Membership




AGN International – one of the world’s leading associations of independent certified public accounting and consulting firms, announces that Busquet has joined its membership in the EMEA region.

Busquet - established in 1974, is located in Manresa and Barcelona and provides audit, accounting, tax and legal consultancy services. Busquet specialises in providing these services to non-profit organisations and distribution and manufacturing companies, among others.

Read the Press Release

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
Teleportboulevard 110
1043 EJ 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
Waardgelder 5
3905 TH Veenendaal
Time Zone:
Phone: (+31 318) 500 005
EMail: t.luchtenburg@dkaccountants.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
Qconcepts Amsterdam
Burgemeester Stramanlaan 101
1101AA Amsterdam
Time Zone:
Phone: 0031 73 62 32 510
EMail: info@qconcepts.nl
Qconcepts Arnhem
Vossenstraat 6
6811 JL Amsterdam
Time Zone:
Phone: 0031 73 62 32 510
EMail: info@qconcepts.nl
Qconcepts Den Bosch
Reitscheweg 45
5232BX 's-Hertogenbosch
Time Zone: GMT+1
Phone: 0031 73 62 32 510
EMail: info@qconcepts.nl
Qconcepts Limburg
Poststraat 8
6135 KR Sittard
Time Zone:
Phone: 0031 73 62 32 510
EMail: info@qconcepts.nl
Qconcepts Rotterdam
Rivium Boulevard 224
2909 LK Capelle aan den IJssel
Time Zone:
Phone: 0031 73 62 32 510
EMail: info@qconcepts.nl
Rosenberg Consult
Wilhelminapark 61
3581 NP Utrecht
Time Zone:
Phone: (+31 30) 23 24 020
EMail: olav.rosenberg@kvrgroep.nl