September 8, 2023
We all agree that the Netherlands is a stunning international innovation center, and many businesses have chosen to locate there. However, as competition for the finest tech ideas in major tech towns increases, places like Amsterdam are finding it increasingly difficult to compete. The most inventive ideas spread into similar cities thanks to the best technological innovations.
The cities with the best IT startups in recent years have also had the best inventive startups. In an effort to eliminate competition in the innovation space, several cities worldwide are making efforts to become more and more welcoming to any startup or any new idea that has the potential to impact the world of tomorrow. The Netherlands has a startup work permit, so if you want to work for a startup, you only have to apply for a job, and the company will sponsor your work permit.
In June 2021 known as a pilot project, a Residence permit for essential start-up personnel was launched. This pilot project is in effect from June 1, 2021, until June 1, 2025. After the pilot experiment, the residency program will continue for another 12 months.
Don’t miss out on this opportunity and enroll for the Globalogy Netherlands Masterclass to learn how our three accomplished mentors obtained visa sponsorship jobs and relocated to this developing country. Start your journey toward a rewarding job in the Netherlands by enrolling right away.
What is a Residence Permit for Essential Start-up Personnel?
In the Residence permit for essential start-up personnel employers can now efficiently recruit overseas talent, provided they have an inventive and scalable start-up. On the other hand, international workers can work in the Netherlands more readily. Numerous benefits come with the Residence Permit for Essential Start-Up Personnel.
It offers a clear route for foreign talent to join Dutch start-ups, fostering their expansion and success. It encourages the growth and employment creation of these forward-thinking businesses in the Netherlands.
This new housing program is based on 1% employee ownership in the start-up business. The start-up employs up to 15 people at most. But with a maximum of 5 foreign employees crucial to the start-up may apply for a residence permit.
How to Apply?
Either the employer or the employee may submit the application. The IND suggests that the facilitator or start-up submit an application in the Netherlands. By doing this, the employee avoids paying for travel to the Dutch embassy or consulate.
Requirements for a Residence Permit Essential Start-up Personnel
- The worker should be a specialist in a niche area that the start-up needs at this early stage.
- With the start-up, the employee should have an employment contract.
- The pay for the employee at least meets the reduced wage requirement for highly skilled immigrants. Without a holiday allowance, the gross monthly income should be € 2,631.
- Employee participation means the employee will receive at least a 1% ownership stake in the business. The worker will receive:
- Shares of the corporation.
- Depositary receipts for the company’s shares.
- Give choices. These grant the employee the ability to buy business shares. The cost of these shares has been pre-determined.
- The employee will receive the shares within three years after the contract’s start. Claims will always be available to the employee. There are no prerequisites for this, such as attaining specific goals.
You Must Also Fulfill the Following Requirements as an Applicant
- You must possess a current passport or other travel documents.
- You must have a signed antecedent certificate. The application form contains the antecedent certificate. You give details about your criminal history in this certificate. You claim, for instance, that you have not broken any laws. You add that you have yet to provide any false information and have yet to overstay your visa in the Netherlands. Children under 12 are not required to fill out the certificate.
- A TB test is required once you’ve arrived in the Netherlands. In the following circumstances, a TB test is not required:
- You request a separate residence permit even if you already have a valid residence permit in the Netherlands.
- You were born and have continuously resided in the Netherlands.
- You underwent a TB test in the Netherlands less than six months ago.
- You are a citizen of one of the nations exempted under the Appendix.
For application Fees:
Initial application or modification of intended stay would cost you around € 350,00.
Conclusion
The Netherlands’ granting of a Residence Permit for Essential Start-Up Staff is a prime example of the nation’s dedication to innovation and international enterprise. In addition to fostering the development of start-ups, the Netherlands also improves its economic prospects. This initiative represents a situation in which foreign talent finds a friendly home and Dutch start-ups acquire the crucial knowledge required to succeed.
Want to move to the Netherlands and work with a start-up? Learn how to navigate the job market of the Netherlands with our 3 mentors. Enroll now!
