Business Visa Netherlands
In this article, our Netherlands immigration lawyers briefly describe these visas, with a focus on the Netherlands startup visa.
The country is an attractive one for foreign investors for a number of reasons, among which the most important are the attractive research and development incentives for firms, the stable and collaborative business environment, the geographical location in Europe, and the good infrastructure that allows investors to access other markets, to name only a few.
Obtain a business visa Netherlands
Foreign entrepreneurs from certain countries need to obtain a visa for a business visit in those situations in which they need to stay for a maximum period of 90 days. It is important to note that this is a short-stay visa that is not applicable to EU/EEA or Swiss nationals. For example, it applies in the case of Chinese or Indian foreign investors who wish to ultimately obtain the business visa Netherlands.
An important condition for applying for the Netherlands business visa is to have the financial means to do business in the country, stay for a limited period, and also be able to purchase the return trip. As a general rule, 55 EUR per day per the duration of the stay in the Netherlands is required for these entrepreneurs and they also need to provide proof of medical insurance that is able to provide coverage for a minimum of 30,000 EUR medical costs in the Netherlands or the Schengen area.
The Netherlands startup visa
This is a visa issued by the Dutch Government to individuals from outside the EU who are looking to open a business in the Netherlands. Unlike the simple short-term visa for business purposes, the Netherlands startup visa is one that is used as a residence permit with a maximum duration of one year. During this time, the visa holder is required to engage in the production of a new and innovative product or services, as accompanied by his facilitator in the country.
The startup visa is a scheme that allows foreign investors to open an innovative business and, for the duration of one year, use the support they are given by an experienced facilitator to grow the startup into a functioning business. Some of the essential issues to consider about the business visa in Netherlands for startups are the following:
- the application: this is submitted by the investor and it will include important information about the business plan; this is submitted to the Dutch embassy or consulate in the applicant’s country of origin;
- the costs: the fee for the business visa in Netherlands is paid upon application; the residence permit that comes with this type of visa is collected upon arrival in the country;
- the assessment: it is important to note that this business visa is subject to a comprehensive assessment by the Netherlands Enterprise Agency;
- the conditions: these include working with an experienced facilitator, presenting a truly innovative product or service, having a plan to transform the idea into a business, the entrepreneurs and the facilitators are included in the Commercial Register of the Chamber of Commerce.
The applicant must prove that he has sufficient means to reside in the country for the duration of the business visa in Netherlands.
Costs for the business visa Netherlands
Those who apply for a business visa should know that different costs apply to this document. Some of these are listed below by our Dutch immigration lawyers:
- 80 EUR: this is the cost for the short-stay visa when the entrepreneur makes the first application;
- 30 EUR: the cost for the extension for the short stay-visa for those who hold the aforementioned document;
- 2,223 EUR: the first application for the foreign investor visa; another 1,112EUR are required when extending this type of visa;
- 333 EUR: the first application for the startup visa and the change in the purpose of stay; if the applicant changes the purpose of stay after startup (self-employed), there will be additional costs.
Please note that these fees set forth by the Immigration and Naturalization Department can be subject to change. If you would like to know details about the Netherlands startup visa and the associated costs and fees, please reach out to one of our immigration agents.
Contact our immigration lawyers in Netherlands if you are looking towards starting a business in the Netherlands. The country welcomes foreign investors and the business climate is attractive for a number of industries. Foreign entrepreneurs can benefit from obtaining an investment visa that will also allow them to reside in the country.