Japanese nationals and foreign investors

Japanese nationals: work permit required per 1 January 2017!

On 24 December 2014, the highest Dutch administrative court decided that Japanese nationals can 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, based on this decision. Now, these two countries agreed that residency and access to the labour market is subject to each country’s national law. As a result, the Netherlands announced that they would impose work permit requirements on Japanese nationals again beginning January 1, 2017.

Foreign investors in the Netherlands

Investors from outside of the EU wishing to relocate to the Netherland must also obtain a residence permit. The immigration authorities introduced a residence permit for foreign investors a few years ago. The complexity of this procedure however, caused only one submission of a foreign investors permit. That is why the conditions, under which this residence permit can be issued, are now simplified (per 1 July 2016).

The requirement to establish added value for the Netherlands is now more global and the first residence permit is valid for 3 years. The 3-year term of validity and the audit opinion do not apply any longer.

The investment requirement is still €1.250.000,00. One must consider as an added value to the Dutch economy.

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

Source: https://ind.nl/nieuws/Paginas/Japanners-per-1-januari-2017-niet-langer-vrij-op-de-arbeidsmarkt-.aspx

 

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