Netherlands employment visas in 2023
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
- 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 Netherlands;
- In addition to the above, local banks including i) SNS bank; ii) Rabobank and iii) ING are also viable for incorporating corporate business bank accounts in Netherlands;
- For our Clients who are interested to open a corporate bank account with a Dutch bank, Healy Consultants Group recommends ABN AMRO as their first banking choice in the Netherlands as it offers the best English support services;
- The banks operating in the Netherlands offer a range of services including multiple currency support, internet/telephone banking, current accounts, savings accounts, debit/credit cards, fixed term deposits and wealth management.
Healy Consultants Group’s banking services
- Healy Consultants Group’s bank account opening team will assist our Client to open the corporate bank account within 2 weeks and obtain an internet banking approval within the subsequent week;
- 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 €950, if our Client has to travel;
- When the bank account application has been approved by our Client’s preferred banking institution, the bank will email our Client the corporate bank account number.
Opening a Dutch Bank account in Netherlands
- Our multi-national Clients’ should be informed regarding the availability of different banking options in EU, since the banking fees vary considerably in Holland compared to other EU countries. Healy Consultants Group 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;
- The documents needed for opening a Dutch bank account include i) Social services number; ii) a valid form of identification; iii) proof of address; iv) an EU residence permit (if our Client is a non-resident of EU); 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 businesses if the following conditions are met i) submission of a good business-plan; ii) ensuring transparency in documentation; iii) availability of security (exit strategy plan); iv) submission of audited financial statements of last 3 years; v) submission of a realistic feasibility study and vi) submission of a detailed market report incorporating 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 and iv) document against payment and against acceptance;
- Corporate finance is generally in the form of a loan, overdraft or simply preferential credit terms.