The Netherlands has amended the scheme for foreign investors to stimulate the use of the scheme. Since 1 July 2016 foreign investors from outside the EU can obtain a temporary residence permit more easily as an auditor’s opinion will no longer be necessary and the conditions of the investment assessment are simplified. For the assessment a points system will be used. The investment has to contribute the Dutch private sector in two of the three following areas: contribution to the employment, contribution to the innovation and a non-financial contribution. Furthermore, the first residence permit will be valid for three years instead of one.
The conditions to obtain a residence permit for a so-called ‘wealthy investor’ are as follows:
- The capital investment in the Dutch private sector has to be at least 1.25 million euros. This could be either a direct investment in a Dutch company or an indirect investment through a SEED fund, a participation fund or a contractual cooperation agreement. An investment in immovable property for residential purposes is excluded.
- The investment amount has to be transferred to a Dutch bank or a bank of an EU member state which has a branch office in the Netherlands and which is supervised by De Nederlandsche Bank.
- The investment must provide added value (a contribution) to the Dutch economy. The contribution is proved by fulfilling two of the three following criterions:
- At least 10 jobs are created within 5 years;
- A contribution to the innovation of the Dutch business such as the contribution of a patent, investing in innovation or investing in a company in the 9 Dutch top sectors.
- Other non-financial contribution like specific know-how and the investor’s network.
- The investment money has a bona fide origin. To prevent money laundering the Dutch authorities will perform a check on whether the investor may be linked to suspicious transactions in the Netherlands or the country of origin.
- No incorrect data were given in prior applications for a residence permit and no relevant data were withheld.
- No prior unauthorised stay in the Netherlands.
Other general conditions that the investor needs to fulfil are:
- You have a valid passport.
- You are no danger to the public order and national safety.
- You have to take out a health insurance.
- A tuberculosis check has to be performed within 3 months after the issuance of the residence permit.