Updated 30 November 2021
Measures to support Amsterdam businesses
As restrictions on society due to COVID-19 are being gradually eased, most government support packages for companies and self-employed professionals have ended. Some support is still available for sectors affected by closures, hospitality and entertainment in particular. In some cases, businesses may have to repay part of the support money received. See below for more information.
- The Dutch government’s business webpage offers advice in English and links to organisations that can provide more guidance
- There is also a page dedicated to the government measures to help businesses.
Financial support available
- There are government support schemes available for businesses affected by the stricter measures that came into effect from 12 November. This includes TVL to cover fixed costs and NOW for employers to continue to pay their staff and retain employees.
- If you have an event scheduled before 31 December you can apply for compensation for its cancellation
- Companies with relatively small financing needs (from €10,000 to €50,000) can apply for a small credit scheme called the Kleine Kredieten Corona garantieregeling (KKC). The loans will be provided by the banks and have an interest rate of up to 4%.
- You may be eligible for microcredit if you are a starting or existing business owner in the Netherlands
- Medium and large-sized businesses can borrow substantial amounts of money through the business loan guarantee scheme (GO-C)
- Small businesses (up to 250 people) can apply for the SME credit guarantee (BKMB) scheme to secure bank guarantees and bridge financing.
- For companies making use of Wet Homologatie Onderhands Akkoord (WHOA) who have reached an agreement with creditors and shareholders under the time-out arrangement (TOA) can then make use of the re-launch credit for SMEs.
- If you are unable to pay tax on time after 1 October 2021 due to the pandemic, you can apply for the temporary additional allowance (link in Dutch).
If you need more guidance, check out the FAQ for entrepreneurs.
City of Amsterdam support for businesses and individuals
The City of Amsterdam website provides the latest government information in English.
- If you have a new business or if you are self-employed without staff (ZZP), you may qualify for receiving an allowance or startup capital from the City (BBZ).
- The municipality provides coaching and advice through the Small Business Support Unit.
- If you have difficulty paying some bills, you can request a tax deferral for the ‘combined municipal levy’, which includes real-estate tax, sewage levy and waste collection levy.
Repaying coronavirus-related support
In some cases, companies must repay support received through financial schemes. This depends on whether the money received was a loan, your turnover was higher than expected, or you were granted a tax payment extension.
- NOW (wage costs) and TVL (fixed costs): Money received from these schemes does not generally need to be repaid unless your turnover was higher than expected. For NOW, if your turnover loss was less than 20% contact the Employee Insurance Agency UWV for a final settlement. For TVL, if your turnover loss was less than 30%, the Netherlands Enterprise Agency will settle repayment.
- Tozo income support: You must repay the business loan received from Tozo. The income support does not need to be repaid unless your income was higher than expected.
- TONK: The benefit to cover rent or mortgage costs or municipality bills is generally not expected to be repaid, but this depends on the municipality that provided it.
- Corona bridging loans: Business loans such as KKC and TOA need to be repaid. Here are links to specific information for each loan.
- Tax payment extension: If you successfully applied for a tax payment extension before 1 October 2021, you must start repaying the tax debt accrued from 1 October 2022.
While this is a useful guide, for the most comprehensive information check business.gov.nl
For advice on how to manage employees and the workplace while restrictions are in place, read our practical guide for employers.