In many circumstances, starting a business overseas or extending your present firm to another nation may be a highly profitable step for you. Due to several contributing and advantageous aspects such as a fairly stable economy, membership in the European Union, outstanding infrastructure, and a broad array of blooming vital industries, the Netherlands is now on the top list of places to expand to. The Netherlands lies in northwest Europe, bordered by the United Kingdom, Germany, Denmark, and Belgium. Holland now has a population of about 17 million people, which is quite a large number considering its comparatively tiny geographical area of 16.040 square miles.
Regardless, the Dutch economy is ranked 17th in the world, with a GDP of $907.05 billion in 2019. That is no minor accomplishment for such a small country! The Netherlands is also ranked fourth in the World Competitiveness Ranking 2020. Furthermore, the Dutch are regarded as one of the top 10 exporters in the world, owing to their strategically located Rotterdam port and Schiphol airport. Because innovation is one of the country’s main goals, you may expand your business in nearly any industry here. In this post, allow Tetra Consultants’ team of experts to introduce you to several highly fascinating and best businesses to start in Netherlands, as well as the benefits they may provide for your company or business concept before you advance to register company in Netherlands.
Best Business To Start In The Netherlands 2023
The Logistics business
- The Netherlands is regarded as a world leader in commerce and industrial logistics. Due to stable and sustained economic development in this sector and constant opportunity for improvement, a sizable portion of Dutch national revenue is generated. With the port of Rotterdam and Schiphol airport within two hours of every location, if you choose to build a logistics business in the Netherlands, you will have access to the whole globe. The EU is also easily accessible by conventional modes of transportation in any direction.
- The logistics industry is primarily concerned with offering the finest products and services possible through innovation, talent attraction, and sector positioning on a national and worldwide scale. The whole logistics process is regularly updated and enhanced as a result of rising digitization, making commerce and transportation quicker and more efficient than ever before. The Netherlands now has nine industries in which it is regarded as a worldwide leader: they are known as top sectors. These are the main investment priorities, which are achieved by not just financial investments but also tax breaks, the reduction of trade barriers, and assurances.
- Apart from being a member of the European Union and so having access to the European Single Market, the Netherlands has several trade agreements with nations all over the world. If you work in the commerce and transportation sectors, you will discover numerous exciting business prospects in the Netherlands that might help your company grow dramatically.
- The number of IT firms in the Netherlands is increasing at an exponential rate. More technological companies are registered in this nation each year, contributing to the digital revolution of industries ranging from retail to aircraft manufacturing. In the Netherlands, a large number of technology events foster experience exchange, idea sharing, and innovation uptake. Conference attendees not only learn something new but also market their goods by talking with colleagues from all around the world, ultimately boosting their business and gaining brand recognition.
- The Netherlands’ growing IT community and great quality of life entice many IT professionals to live and work there. Furthermore, graduates from 50+ Dutch institutions generate a large talent pool, reducing employers’ recruitment efforts. Given that the Netherlands has educational institutions that rank among the best in the world, the talents of Dutch developers are difficult to underestimate.
- Dutch consumers are digital pioneers and leaders in general; a big section of the population actively embraces new technology and digital products. The Netherlands presently ranks second in the world in terms of internet connection due to its high-quality digital infrastructure. This is mostly due to the fact that 98% of all homes have broadband internet access. Furthermore, the Amsterdam Internet Exchange is located in the Netherlands (AMS-IX). This is regarded as a global leader in digital data dissemination.
- Even though the Netherlands is a tiny country, there are many intriguing spots to explore. For example, the Netherlands is recognized across the world for its magnificent flower fields in the spring and the tourist attraction ‘the Keukenhof,’ which produces breathtaking displays every spring. Along with the flowers, there are lively towns like Rotterdam, Amsterdam, and The Hague, the latter of which has its own coastal resort, Scheveningen, which is home to the Kurhaus.
- Overall, the country is highly renowned for its historical history and great art, both of which can be found in several museums. Although the tourist industry is tiny in comparison to other nations, it nonetheless accounts for about 10% of total employment and more than 5% of GDP. The Netherlands also has seven UNESCO World Heritage sites. It’s a fun industry with lots of opportunities if you’re creative and business-minded.
- Amsterdam is presently Europe’s fifth-busiest tourist attraction, with approximately 4.2 million foreign tourists. Starting a travel business is one method to capitalize on this yearly inflow of tourists. A travel agency is a private retailer or public service that sells travel and tourism-related services to the general public on behalf of providers such as airlines, vehicle rental companies, cruise lines, hotels, trains, travel insurance, and package tours. In addition to dealing with ordinary visitors, most travel companies offer a distinct section dedicated to organizing business travel arrangements.
Agriculture and food business
- Agriculture is one of the oldest and most inventive industries in the Netherlands. Many factors contribute to this sector’s enormous success, including the Netherlands’ moderate climate, agricultural automation, geographical position, innovative technology, and extremely rich soil. This places the Dutch not just at the frontline of agricultural innovation and technology, but also among the world’s top exporters of food and other agricultural products. For a long time, the Netherlands has ranked first in the entire EU in terms of international agricultural export, but it also ranks second in the globe, with only the United States ahead of the Dutch.
- Admittedly, if you want to develop or start a business in this category, the Netherlands is a great place to do it. The industry also employs around 5% of the total Dutch labor force, thus finding excellent and skilled workers will be pretty straightforward. Fruits such as tomatoes, apples, and pears, vegetables such as cucumbers and chilies, and, of course, a large array of flowers and flower bulbs, as well as plants, are among the best-known Dutch exports.
- A hotspot for finance and fintech in Europe – Dutch finance is leading the way as financial services transition faster than ever from big brick facilities to the internet and even AI and blockchain, bringing traditional financial services into the future while encouraging innovative ideas that are transforming the way the world perceives finance.
- The Netherlands ranks second in the EU as the largest fintech nation and third in VC financing in Europe. With fintech and financial services businesses finding a permanent basis in Amsterdam post-Brexit to serve European markets, the Dutch city is swiftly becoming a significant financial center linking all of Europe.
- Netherlands has a dynamic and diverse finance ecosystem – With historically strong financial services and as the origin of the stock market, the Netherlands’ fintech sector thrives on diversity. Amsterdam is one of Europe’s most globally diverse financial hubs.
How can a foreigner start a business in the Netherlands?
To start a business in the Netherlands as a foreigner you need to have a legal entity registered in the nation. Tetra Consultants’ team of incorporation specialists has laid down the procedure to register company in Netherlands you can follow the steps below:
- Register the company’s name.
- Choose a legal entity which the business will operate under.
- Reserve the trade name based on post-verification with the Trade Register.
- Draft and prepare incorporation documents for the company.
- File the incorporation documents with the Netherlands Trade Register through the Chamber of Commerce (KVK) (this is also applied to the tax and VAT registration).
- Register as an employer and obtain all business licenses according to the sector of activity.
- To sum up, There are many small business ideas in the Netherlands, and if your main goal is to start a business in Netherlands look at the above-mentioned business ideas and choose what best suits you.
- Engage Tetra Consultants as we guide you on how to register company in Netherlands through a smooth and hassle-free process. The team provides a comprehensive service package that includes planning and strategizing with our clients to select a suitable business entity, completing the registration and documentation processes, obtaining required licenses, opening a corporate bank account, and ensuring compliance with government regulations.
- Contact us to find out more about company registration in the Netherlands and our dedicated and experienced team will revert within the next 24 hours