What is a Dutch Startup Visa & How Can Young Entrepreneurs Take Benefit Of This Program?

The Dutch Startup Visa (DSV) is a fast-track scheme for aspiring entrepreneurs to acquire residency visas for the Netherlands. DSV is also known as the "Netherlands Startup Visa" or "Netherlands residence permit for start-up entrepreneurs"

Under this scheme, the Netherlands offers a Dutch entrepreneurship visa to individuals from outside the EU, EEA, or Switzerland seeking to establish a new company. The Netherlands Startup Visa is a residency permit available for a limited duration of one year. During this one year, you are supposed to develop or launch a revolutionary product/service under the supervision of an expert facilitator.

Receiving input via an experienced facilitator is necessary. This allows you to turn your startup into a completely established organization. It's a win-win scenario for the entrepreneur and the Netherlands as a whole - because you will be running a profitable enterprise in Europe's 7th richest country under the umbrella of the Netherland's economical benefits.

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Why was the Startup Visa program launched?

The program introduced by the Dutch Government on 1 January 2015 is perceived to be a lighter variant of the rigid, point-based program, which would enable non-EU entrepreneurs to develop a groundbreaking start-up in the Netherlands.

You might probably know how difficult is Netherlands point-based system - a method used to obtain a self-employment allowance. The Netherlands authorities, understanding that certain conditions of the point-based system may be challenging to meet by a majority of people, launched the Startup Visa program. It offers businessmen a year while applying for the self-employed work permit to qualify themselves for such scoring requirements.

Why Launch My Startup in the Netherlands?

The Netherlands lies in the heart of Europe. With a dynamic workforce and a multinational climate, it is the right country to launch your start-up. Here, English is widely spoken. There is an incredible foreign investment environment and strong start-up facilities. It is a nation that accommodates and supports creative and scalable businesses.

In a limited period, the country has become a hot spot for tech firms. And it's no wonder why businesses like Uber, Netflix, and Tesla have their offices in Amsterdam.

One of the world's best tech institutes, creativity, and societal challenges are some other reasons that led to the birth of a vibrant entrepreneurship community in the Netherlands.

Want to be a part of this budding landscape? Fortunately, with a start-up visa, the Dutch government has made it easy to achieve your dreams. If you intend to shift your business to the Netherlands or launch a fresh one the "startup scheme offers aspiring foreign entrepreneurs a one-year incentive to establish their revolutionary ventures. All you need to do is qualify yourself for this program. Start-ups earn a great deal of funding and support to win the Dutch market and become one of the country's most successful businesses.

Requirements for a Start-Up Visa in the Netherlands

People of every country are qualified for start-up visas as long as they satisfy all conditions. EU/EEA residents and Swiss nationals do not need a start-up visa to reside and operate in the Netherlands, because they are allowed anyway under EU policy.

In order to qualify for a start-up visa, you must comply with the general terms of the residency permit as well as with a number of different start-up requirements.

Specific Requirements for Obtaining a Start-Up Visa in the Netherlands:

1). You've got a valid passport.

2). You are not violating public safety or national security.

3). You are ready to take a tuberculosis test after you land in the Netherlands. A few nationalities are excluded from this requirement.

4). Upon landing in the Netherlands, you register for Dutch health insurance.

5). You must choose to partner with a recognized facilitator as well as sign an agreement with that facilitator.

6). Your product/service should be of unique and innovative nature.

7). You've got a good business strategy.

8). You must register your new company with the Dutch Chamber of Commerce (KvK).

9). You have abundant financial resources to live in the Netherlands or sufficient savings.

What Is a Facilitator & Why It Is Required for Startups?

The facilitator is a respected association of company advisors that offers advice and encouragement throughout the growth of your start-up in the Netherlands. Help can be offered in a broad range of ways, based on the requirements of the start-up, which can involve investment procurement, marketing, operational management assistance, evaluation, and the development of business connections in the Dutch market.

You must always collaborate with a facilitator licensed by the Netherlands Enterprise Agency (RVO). This is to confirm that the facilitator is trustworthy, financially stable, and has expertise in handling new firms. When you find a facilitator, you must also formally sign a partnership agreement with them.

For more information: https://intercompanysolutions.com