Handbook for Vietnamese start-ups in the Netherlands

Do you intend to start a business in Europe and are wondering which jurisdiction is suitable? Then, starting a business in the Netherlands would be an ideal choice for you. This country is a famous destination for many global investors and entrepreneurs when they want to promote their company brand to an international level.

Vietnamese investors benefit from starting a business in the Netherlands

The Netherlands is known worldwide for its business environment with various advantages for entrepreneurs. In this article, One IBC^® will help you discover the benefits of setting up an offshore company in the Netherlands.

Promoting the reputation of Vietnamese brands in Europe

In 2020, the Netherlands ranked 8th in Best Country for Business by EuCham. When setting up an offshore company in the Netherlands, Vietnamese investors can promote their brands’ reputation in Europe thanks to its global prestige in trading.

Opening an offshore company in the Netherlands will help Vietnamese businesses create advantages when exporting goods to this country and Europe. In addition, the Netherlands also has supportive policies for businesses such as corporate income tax incentives, no VAT for transactions between EU members, and it has signed Double Taxation Agreements with nearly 100 countries around the world.

The country attracts international companies from all industries thanks to its stable legal and political system, combined with its excellent international relations capabilities. Therefore, when choosing to start an offshore company in the Netherlands, Vietnamese businesses will enjoy a lot of incentives that the Dutch Government offers to you.

Trading gateway of Europe

Starting a business in the Netherlands has been, and is, the first choice of Vietnamese investors in Europe. The business communities of both countries always strive to explore new opportunities in order to take advantage of the benefits from EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam and the Netherlands cooperate closely in many sector, e.g. trading - investment, logistics, climate change adaptation, water management, sustainable agriculture, fighting against Covid-19 pandemic, etc.

Vietnamese enterprises can enjoy import tax incentives in the Netherlands thanks to EVFTA

The Netherlands is one of the leading important trading partners of Vietnam in the EU. It is the gateway and one of the largest transshipment hubs into Europe. From the Netherlands, a part of goods are imported for domestic consumption, while a large amount of goods are re-exported to other EU countries.

In order to promote trade between Netherlands and Vietnam, both countries are implementing business policies, which aim towards reducing transportation costs and increasing the amount of goods exported from Vietnam to European countries; expectedly, the volume of goods through Rotterdam Port will account for about 60% of Vietnamese goods importing to the EU.

Skilled workforce

Over 90% of the Dutch population speaks English very well, many people are fluent in German and French. The workforce is highly educated, ranked in the top 3 globally.

The Netherlands has many prestigious universities, whether in the field of research or applied sciences. Startups in the Netherlands will have the opportunity to access the large human resources, which are skillful and highly adapted to the demanding standards of the Dutch economy in particular, and the global economy in general.

Although the personal income tax rate in the Netherlands is relatively high, it still attracts talents from all over the world to stay, work and start a business in the Netherlands because of the advanced business environment and developed social welfare systems.

The Netherlands has proficient and skillful workforce

To understand more outstanding benefits for Vietnamese startups and the procedure for setting up a company in the Netherlands, please contact One IBC^® via Hotline 18006758 or email to [email protected].