Advantages of doing business in the Netherlands
Strong financial center
It has the most competitive economy according to the 2019 ranking of the competitive index of WEF (World economic forum). It is one of the top countries for investment. The financial sector is strong and stable. Hence, it plays important role in the Dutch economy. The Netherlands home to 15,000 foreign companies. Moreover, the Ministry of Finance is working continuously to make it a financial center. GDP of the country is that is derived internationally is nearly 15%.
Strategic location
It has a strategically advantageous position. The countries’ access to the lucrative consumer market of Europe is 95% within 24 hours of Rotterdam and Amsterdam. However, the European transportation hub also involves part of its economy. American, European, and Asian companies try to expand their reach that in turn favors the economy of the Netherlands. It is ranked number four among the best commerce and trade countries. Hence, it is a gateway to Europe for many multinational businesses.
The cost of living is affordable and the quality of life is exceptional in the country. According to the world happiness report 2020, it is ranked 6th happiest place on earth. It has a high standard of living. However, it is ranked the first country by UNICEF for the children’s well-being. The factors the contribute to the top position of the country for better life index includes:
- Best work balance life
- High levels of literacy
- Low rates of youth unemployment
- The leisure time of Dutch employees is higher than in any other country.
- Life satisfaction in childhood is very high
Competitive tax rates
In addition to the countless location benefits, the country has pro-business policies. Direct foreign investment is favored by competitive tax rates and taxation policy. Moreover, the corporate tax structure of the country promotes engaging in R & D (research and development activities). Innovation is also stimulated by R & D tax inducement. Hence, it has a highly develop fiscal climate. For international companies, the Dutch tax system has a number of important features. Paying taxes 2020 shows that the country ranks high in this regard as well.
Large talent pool
The country has an attractive pool of labor. However, it has a highly educated, multilingual, and skilled workforce. It is an appealing place for employers, managers, and workers to live. Hence, a network of suppliers is very high and the country is a home for the engineering workforce. This provides great advantages to companies in the establishment of manufacturing operations in Europe.
Innovation
The country supports the expansion and innovation of businesses. This forward-thinking approach is a great advantage for investors. Cultivating and establishing the modern approaches is the commitment of the country to public-private sectors. Moreover, the country is putting efforts into International cooperation and strong participation in framework programs.