Netherlands eases rules to boost international tech start-ups – Northern Times

In a big boost for start-ups, the Netherlands has announced plans to ease some of its regulations to allow international entrepreneurs to establish businesses and obtain permanent residency.according to Financiere Dougbloodforeign start-ups coming to Holland take two years instead of one to set up a business.

Ease of establishing a business and friendly regulation

Secretary of State for Justice and Security Eric van der Berg wrote to the Second House on Tuesday that a new agenda would be developed in response to findings on the effectiveness of startup schemes introduced in 2015. I was.・After obtaining a status of residence for one year, it is necessary to apply for a work permit as a self-employed person. Research shows that one year is not enough for him to start a business.

Additionally, the study suggests that start-ups need more time to develop into profitable companies. Some start-ups, especially in areas such as medical technology and life sciences, require at least several years to deliver results. Even if they were living on their own without relying on public funds. Van der Burg said he is still looking into possible solutions to the problem.

This report also aims to define the role and status of so-called facilitators. The facilitator provides the entrepreneur with her package of support tailored to the entrepreneur’s specific needs. For example, a facilitator can help with operational management, marketing, research, and investment acquisition to launch an innovative business. The presence of a facilitator is a requirement for obtaining a residence permit, and the judgment of the facilitator is often critical when making the decision to grant self-employed status to a start-up. Now, startups can face complications when the facilitator’s regular approval of her status expires in the first year of operation. Therefore, research recommends decoupling the approval process from the facilitator and their status.

Attractive business environment for startups

The assessment shows that the government’s plan has largely achieved its objective of attracting innovative start-ups to the Netherlands. Since 2015, 933 applications have been submitted from 79 countries to set up businesses in the country. Most applications came from India (16%), followed by Iran (10%) and the United States (7%). The program has helped 649 foreign entrepreneurs become permanent residents of the country.

The Netherlands has been more successful in attracting startups from outside the EU than other member states, Van der Burg wrote in a letter to the lower house of parliament. “The arrival of these start-ups will strengthen the Dutch competitiveness within Europe and on the global stage,” he says.

Specifically aimed at foreigners who want to start their own business in the Netherlands and obtain permanent residency, the program aims to create an attractive business environment, identify innovative entrepreneurs, and offer opportunities to Dutch companies such as venture capital funds and business incubators. It is intended to connect with private companies. And make it easier to set up a business in that country.