Did you know that 50% of small businesses already have international customers? Under most circumstances, this can provide you with a much larger number of people to which you can market your products.
Many entrepreneurs choose not to expand simply because they aren’t sure of what country they should consider. Business expansion in the Netherlands is one of the best opportunities that you can take advantage of. Let’s take a look at everything you need to know.
1. Low Business Costs
The business costs in the Netherlands are much lower than in other countries in Western Europe. This is great news for entrepreneurs who are looking to start up a business or expand an existing one on a tight budget.
In addition, you’ll find that there is plenty of resources and support available to help you get started. It’s not uncommon for business owners to receive aid from the government during the early stages of operating the company. Grants, loans, etc. are just a few of the options you can take advantage of, so keep these in mind moving forward.
2. Friendly Business Environment
Some countries are known for their cutthroat business regulations. Rigid government standards can serve as significant obstacles depending on the region you relocate to.
For example, it may be difficult or even impossible to sell alcohol in certain countries depending on the local laws.
However, the business environment in the Netherlands is very friendly and welcoming to foreign investment.
The Dutch government has put in place a number of policies and initiatives to attract international businesses. These make it an ideal location for business expansion, and opening a business here is likely to be much easier than you anticipate.
3. Highly Skilled Workforce
One of the biggest advantages of expanding your business to the Netherlands is access to a highly-skilled workforce. The Dutch education system is excellent and produces workers that are highly sought after by businesses around the world.
This means that you’ll be able to find the perfect employees for your business needs. Hiring workers of this caliber will also help you avoid obstacles you would’ve run into.
For example, it’s not uncommon for companies to encounter difficulties finding workers that have the required certifications. Finding a worker that fits into the culture of your business might also be challenging.
So, the ease of hiring in the Netherlands is one of the most important factors to consider.
4. Supportive Business Ecosystem
The business ecosystem in the Netherlands is very supportive, with a number of organizations and programs available to help businesses grow. For example, the Netherlands Foreign Investment Agency offers a range of services to help businesses expand into the Dutch market.
If your business expansion is going to fail, it will likely be due to complications associated with getting started in your target country. So, you should not overlook the support that the Netherlands provides.
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5. Strategic Location
The Netherlands is strategically located in the heart of Europe, making it easy to do business with other countries in the region. The country also has an excellent infrastructure, with a well-developed transportation network that makes it easy to get around.
Interestingly, this is something many entrepreneurs overlook. Once your international presence grows to a certain point, you will likely be required to visit the location and see how things are running. This process is already something that can be intimidating and challenging.
It will only be made worse if you expand to a country that is difficult to traverse. A scenario like this could also make it difficult to meet with business partners or clients.
6. Robust Economy
The Dutch economy is strong and stable, making it one of the safest places to expand your business. This is due to the fact that the country has a well-developed market with a high level of spending power.
These attributes stem from having an educated population. To elaborate, those who pursue high levels of education are more likely to get higher-paying jobs.
As a result, they can spend more money and stimulate the economy. This also means that you will be more likely to find customers who have disposable income for your products or services.
In contrast, imagine if you expanded to a poor country. Regardless of what you offered, there is a chance that people would not be able to afford it. This could easily prevent you from being successful after you expanded to this area.
7. Diverse Culture
The Netherlands is a culturally diverse country with a rich history. This provides businesses with an opportunity to tap into new markets and explore new business opportunities. So, you are not limited by the companies you would find in the domestic Netherlands market.
To elaborate, your business does not need to at all be related to Dutch culture. The cultural diversity of the country will help ensure that you will have access to a demographic that will be interested in your business.
Otherwise, you might find it difficult to integrate your business into Dutch society.
Business Expansion to the Netherlands Can Be Highly Lucrative
As you can see, there are plenty of reasons why the Netherlands should be at the top of your list when considering business expansion opportunities. Keep the above information in mind when making your decision so you can choose the option that is best for you.
Looking for other tips about how to run a more successful business? Be sure you check out the rest of the articles on our blog.