Companies concerned by Brexit uncertainty
Dozens of companies have moved to Amsterdam and the Netherlands due to the impact of Brexit since the UK announced its decision to leave the EU. The Netherlands Foreign Investment Agency (NFIA) has revealed that 75 firms have relocated to or expanded their operations in Amsterdam due to uncertainty surrounding Brexit since the UK announced the decision in 2016. Those 75 firms are expected to help create around 3,500 jobs in the city region in the next three years.
In total, 98 companies have moved to the Netherlands due to Brexit since 2016. Of those, around half have relocated from Britain and the remainder are companies that opted to establish an office in the Netherlands rather than the UK, an NFIA spokesman told DutchNews.nl. The NFIA also said that it expects the number to increase in the coming months, with 325 businesses currently interested in setting up an office in the country due to Brexit. Companies that have moved or expanded their operations already include Bloomberg, AMBest, MarketAxess, Discovery and Japanese bank Norinchukin.
Why businesses choose Amsterdam and the Netherlands
Well-connected logistically, digitally and socially, and home to a highly trained workforce of English-speaking talent, the Netherlands and Amsterdam offer businesses concerned about Brexit (particularly those in the finance, tech, creative and life sciences and health industries) a sound option for doing business in the EU. Some firms have also opted to move to the Netherlands for urgent reasons, such as to secure banking licenses or broadcasting rights required to remain active in Europe. The NFIA works closely with amsterdam inbusiness, the official foreign investment agency of the Amsterdam Metropolitan Area, to assist foreign companies with establishing and expanding their operations in Amsterdam and beyond.
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