Netherlands employment visas
Only non-EU / EFTA citizens are required to secure a work visa in order to work in The Netherlands. After Netherlands company formation, Healy Consultants will assist our Clients by preparing the visa application and submitting it to the local Netherlands Consulate. Our fee for this service is €3,950.
- An entrepreneur who is not a member of the EU/EFTA will be required to obtain a self-employment work visa in the Netherlands. Documents required for application include i) valid passport ii) academic references and iii) a valid business plan;
- The average processing time for such a visa is 3 months after Netherlands business formation, and the visa will be valid for 2 years. The entrepreneur visa can be renewed as long as the business is still operating.
- All non-EU/EFTA individuals will be required to obtain a work visa, and the visa must be applied by the employer on behalf of the employee. From start to finish the whole procedure should take 6 weeks;
- Documents required will be i) proof of no suitable EU alternative ii) valid personal documentation and iii) copies of the employment contract.
Short term visa
- Our Client must apply for a Schengen visa. This visa is issued for 90 days either for the purpose of tourism or business;
- Documents required will include i) valid passport ii) travel health insurance and iii) documents declaring the purpose of visit.
Netherlands corporate banking options
Dutch banking overview
- Although international banks such as SCB, HSBC, and Citibank have a weak presence in the Netherlands, large reputable banks such as i) Deutsche bank ii) ABN AMRO and iii) Royal Bank of Scotland maintain a strong presence for business banking;
- In addition to this, local banks including i) SNS bank and ii) Rabobank are also viable for incorporating businesses;
- For our Clients interested to open a corporate bank account with a Dutch bank, Healy Consultants recommends ABN AMRO as their first banking choice in the Netherlands as they offer the best English support services;
- The banks operating in the Netherlands offer multiple currency support, internet/telephone banking, current accounts, savings accounts, debit/credit cards, fixed term deposits and wealth management.
Healy Consultants banking services
- Healy Consultants bank account opening team can open the corporate account within 2 weeks and obtain internet banking approval within the subsequent week. Our fee for this service will be €2,950;
- While our experts will liaise with the banks to prevent our Clients from travelling for the interview, there is still a 30% chance that the bank may require our Clients to travel for a one hour interview. There will be a fee discount of €1,150 if you have to travel;
- When the bank account has been approved, the bank will email our Client the corporate bank account number.
Opening a Dutch Bank account
- A foreign entrepreneur should inform himself the different banking options available, as banking fees vary considerably in Holland compared to other EU countries. Healy Consultants recommends our Clients to choose i) Deutsche bank ii) ABN AMRO and iii) Royal Bank of Scotland for the best Dutch corporate bank account solutions;
- In order to set up a business account in the Netherlands, the following documents are needed i) Social services number ii) a valid form of identification iii) proof of address iv) a EU residence permit if our Client comes from outside Europe v) a Dutch chamber of commerce (KVK) number and vi) a record of the businesses turnover if any.
Trade finance in the Netherlands
- Banks in the Netherlands are willing to provide finance to local business if the following conditions are met i) a good business-plan ii) transparency of documentation iii) availability of security (exit strategy plan) iv) last 3 years of audited financial statements v) a realistic feasibility study vi) Detailed market research including tools such as a business environment analysis, and a projection of strength and weaknesses analysis (SWOT);
- Trade finance includes i) bank guarantees ii) letters of credit iii) finance against trust receipt iv) document against payment and against acceptance;
- Corporate finance in the form of a loan, overdraft or simply preferential credit terms.