Breedte test

Japanese citizens and foreign investors

Work permit required for Japanese citizens per October 1, 2016!

On  December 24, 2014 the highest Dutch administrative court decided that Japanese nationals are allowed to work in the Netherlands without the need for a work permit. An old treaty (from 1912) between the Netherland and Switzerland made this lancune clear.

Since then the Netherlands and Switzerland issued an “interpretation statement” on the treaty  on which the decision was based. They have now agreed that residency and access to the labour market is subject to each country’s national law. The Netherlands used this to announce that they would impose work permit requirements on Japanese nationals again beginning January 1, 2017.

As soon as we have further information on final legislation on this matter, we will inform you of course!

 

Foreign investors in the Netherlands

 

Investors from outside of the EU wishing to relocate to the Netherland must obtain a residence permit. The immigration authorities have introduced a residence permit for foreign investors a few years ago. This procedure was rather complex, as a result of that only one permit for foreign investors was submitted. That is hwy the conditions, under which this residence permit can be issued, are now simplified (per 1 July 2016).

To requirement to establish added value for the Netherlands is made more global and the first residence permit will be provided for 3 years  3-year term of validity and the audit opinion will no longer be required.

The investment requirement is still set at € 1.250.000,00, to be invested in the Dutch economy.

Would you like to know more? Please contact me and I will be pleased to send you more details.

 

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