New Temporary Residency/Work Route for Investors

3 Oct 13

NETHERLANDS

Last week, the Dutch government introduced a new one-year temporary residence permit for individual investors and their families. The new permit, which came into effect on Oct. 1, also allows holders access to the Dutch labor market without having to obtain a work permit. In order to be eligible, applicants must invest at least 1.25 million euros in a Dutch company. The investment will:

  • Be investigated to determine its origins in order to counter the potential for money laundering.
  • Be deposited into either a Dutch bank account, or an account in an EU-based bank operating in the Netherlands under supervision of the Dutch National Bank (“De Nederlandsche Bank”).
  • Be investigated by the Agentschap NL to determine the economic value it brings to the country.

After the first year, holders of this permit will be eligible to apply for a five-year valid extension. In order to stay long-term, investors will need to change to another, non-time limited category.

This alert has been provided by the BAL Global Practice group and our network provider located in the Netherlands. For additional information, please contact GlobalVisaGroup@balglobal.com.

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