²ÝÝ®ÊÓƵÃâ·Ñ°æapp

The Netherlands, loved for its gorgeous tulip fields and world-class infrastructure, is a gem in northern Europe. Its capital, Amsterdam, attracts millions of tourists to see historical attractions like the Van Gogh Museum and Anne Frank House.

But Amsterdam is so much more than just canals, bicycles and cultural museums. The city has succeeded in effortlessly blending old world charm with innovation and technology, making it a top destination for startups. Its liberal policies and high quality of living continue to attract aspiring entrepreneurs from all over.

So if you may be considering launching a startup of your own in this vibrant city, here is everything you need to know beforehand.

Why Start A Business In Amsterdam?

Amsterdam has consistently ranked as one of the top cities for startups and there are a couple of reasons for this.

Location: Amsterdam is part of the EU and is centrally located too, making it easy to trade within Europe.

Limited language barrier: While the official language of the Netherlands is Dutch, the country is one of the top non-native English-speaking countries so foreign entrepreneurs are less likely to struggle with language barriers.

Good quality of life: Residents enjoy social gatherings and world-class infrastructure, with the city being very safe.

Tech savvy: The city is incredibly well-connected, with a bustling fintech scene, fast Internet and smart city initiatives to promote sustainability.

Industries With High-Growth Potential

Healthcare: Renowned for its healthcare systems, Amsterdam is a hub for healthtech and medtech with a focus on medical research.

Creative tech: Amsterdam has a large creative industry, especially in gaming, virtual reality (VR) and augmented reality (AR).

Agriculture: The Netherlands is the second biggest food exporter globally, so plenty of opportunities exist in Amsterdam for next-generation foodtech innovations.

Data science: The city has a strong tech background, suited to startups in AI and machine learning.

Top Accelerator and Incubators For Startups

Accelerators and incubators are a critical part of a startup’s success, helping new ventures to grow quicker and smarter. Here are some of the top ones available to founders in Amsterdam.

StartupAmsterdam: This is a government-supported initiative to help startups network within the city to increase their visibility.

Startupbootcamp: These programmes specialise in fintech, smart city and health startups and is one of Europe’s biggest accelerators.

ACE Incubator: This programme supports science and tech startups through funding and connecting with relevant investors.

Rockstart: Focusing on energy, agrifood and emerging tech, this accelerator assists with investment and mentorship.

Funding Opportunities In Amsterdam

Founders can secure funding through different avenues, either in Amsterdam directly or look to broader European options. Let’s take a look at some of them.

Government grants: The WBSO Scheme offers tax incentives for research and development while the Netherlands Enterprise Agency has multiple funding and subsidy programmes for startups.

Private investors: If you are considering the venture capital route, Amsterdam has top firms like Prime Ventures and Orange Growth Capital. To connect with angel investors, platforms such as Leapfunder can be used.

EU grants: Horizon Europe and EIC Accelerator operate throughout Europe to provide financial resources to new ventures.

Visa Requirements For Foreign Entrepreneurs

There are several visa options for international entrepreneurs who want to set up their businesses in the Dutch capital.

Startup Visa: This is valid for one year which could transition into a self-employed visa. Applicants need to be affiliated with a Dutch incubator or accelerator and have proof of financial means.

Self-Employed Visa: Ideal for more established entrepreneurs, this visa requires a detailed business plan with approximate financial forecasts and must showcase how the business will directly benefit the Dutch economy.

Dutch American Friendship Treaty: Applicable for US citizens who want to start a business in Amsterdam. This visa requires a €4,500 investment and the business needs to be registered at the Dutch Chamber of Commerce.

How To Launch A Startup In Amsterdam

Ready to move forward with starting your business in Amsterdam? Here is a step-by-step guide on what you will need to do to get started.

Select A Legal Entity

There are two common business structures for startups to choose from.

Eenmanszaak: A sole proprietorship which is simple to set up and ideal for one person.

Besloten Vennootschap: This is ideal for startups and similar to a limited liability company, the common choice for new businesses.

Register The Business

Next, you can register your business with the Dutch Chamber of Commerce. They will issue you with a KvK number as well as your business’s VAT number.

Apply For Visas

Visas can be applied for through the Dutch Immigration and Naturalisation Service and you will need to provide your business plan and proof of funds.

Open A Business Bank Account

This is a mandatory step for limited liability companies to manage all corporate finances. There are multiple banks to choose from including ING and Rabobank.

Should You Start A Business In Amsterdam?

If you’re after an innovation-driven and startup-friendly environment, Amsterdam is the city that ticks all of the boxes. Coupled with its accessible visa programmes and welcoming community, it is the ideal place to live and work in.

If tech, sustainability or finance is your area of expertise, Amsterdam has the tools and resources you need to turn your startup dream into a successful reality.

Veel succes!