10 oktober 2013

Temporary residence permit for wealthy foreign national in the Netherlands

NL Nieuws Temporary residence permit for wealthy foreign national in the Netherlands

As of 1 October 2013 wealthy foreign nationals can more easily obtain a residence permit. For a regular residence permit of 1 year they need to have a capital of at least EUR 1,250,000 and they need to invest this amount in Dutch economy. With this proposal the Netherlands aims to stimulate Dutch economic growth.

NL Agency, a division of the Dutch Ministry of Economic Affairs, assesses whether the investment of the wealthy foreign national will add value to the Dutch economy.
This added value can be seen in the creation of more jobs and the innovative character of the business in question. As such the wealthy foreigner is directly involved in the Dutch economy.

To prevent abuse, the origin of the capital will be checked. The government does not want this possibility to be used to for money laundering.
Furthermore, the foreign national needs to submit a statement issued by a Dutch accounting firm which has an office in the foreign national’s country of origin. This statement needs to show that the capital to be invested does not come from a mala fide origin.

The residence permit will initially be granted for the duration of 1 year, enabling a check to see if not only the conditions are still met for an extension but also to review if the investment has a sustainable character.

More information can be found on the Dutch immigration site: IND