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 not been extended beyond 1 October 2021. In some cases, businesses may have to repay part of the support money received. See below for the measures and loan schemes still available.
- 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 until 31 December 2021
- 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%.
- The government's business loan guarantee scheme (GO-C) is still running
- The SME credit guarantee (BKMB) scheme is available to help SMEs that are affected by the coronavirus secure bank guarantees and bridge financing.
More support packages
- If you are a starting or existing business owner in the Netherlands and need credit, you may be eligible for microcredit.
- The time-out arrangement (TOA) enables entrepreneurs to temporarily put their company into a form of hibernation. There are two measures under TOA: Wet Homologatie Onderhands Akkoord (WHOA) allows businesses to reach an agreement with creditors and shareholders, preventing bankruptcy; businesses making use of WHOA can then make use of the Re-launch credit for SMEs. Find out more about TOA (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.
Other available services
- As the official foreign investment agency of the Amsterdam Metropolitan Area, amsterdam inbusiness is continuing to offer assistance. The team is available to answer questions by phone or email. This includes questions about market intelligence, practical information about setting up a business in the area and online fact-finding visits, among other services.
- IN Amsterdam, which helps international newcomers to the Amsterdam Area, is still operating with a limited staff for scheduled appointments only.
- On the Dutch Immigration and Naturalisation Service (IND) website you can find the latest information about the regulations around staying in the Netherlands and renewing and applying for different versions of residence and work permits.
While this is a useful guide, for the most comprehensive information check business.gov.nl
For advice on how to manage employees during these times, read our practical guide for employers.