New Residence Permit Available For Start Up Companies Seeking Global Talent

Overview

The Netherlands has launched a pilot program that allows startup companies, with less than 15 staff members, to sponsor non-EU foreign nationals under a new Essential Start-Up Personnel Residence Permit.

Key Points

• Startup companies providing services to the Netherlands with new technology and innovative working methodologies can sponsor non-EU foreign national employees under the new residence permit.
• The company can have no more than 15 employees and cannot employer more than five non-EU nationals with the Essential Start-Up Personnel permit.
• The foreign national must have a local employment contract and be paid by the local company, meet the mandatory salary requirements and also receive 1% of stocks or shares of the company.