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More 'Brexit' companies shift to Netherlands as uncertainty persists
22 Feb '21
2 min read
Pic: Shutterstock
The year 2020 witnessed 78 ‘Brexit’ companies moving to the Netherlands, despite foreign investment in the country declining by a quarter due to the pandemic, according to the Netherlands Foreign Investment Agency, which recently said the number was the same as in 2019, lifting the total number of such companies since the 2016 Brexit referendum to 218.
The Netherlands has attracted companies in trading and finance, medicine and agriculture, as well as logistics and distribution looking to secure their European operations as Britain departed the European Union.
Amsterdam is already poised to be Europe’s number one corporate listing venue this year and in January, data showed it displacing London as Europe’s biggest share trading centre.
The 2020 arrivals are expected to generate a combined 6,000 jobs and €544 million ($654.98 million) of investments in the first three years, the agency said in a statement.
They include British companies, but also businesses from America and Asia that are shifting European operations, it said.
“Not only are the amount of contacts continuing to grow, the number of Brexit companies that have opted for the Netherlands is also increasing,” it said. “In effect, the uncertainty of recent years has not disappeared.”
The Netherlands has attracted companies in trading and finance, medicine and agriculture, as well as logistics and distribution looking to secure their European operations as Britain departed the European Union.
Amsterdam is already poised to be Europe’s number one corporate listing venue this year and in January, data showed it displacing London as Europe’s biggest share trading centre.
The 2020 arrivals are expected to generate a combined 6,000 jobs and €544 million ($654.98 million) of investments in the first three years, the agency said in a statement.
They include British companies, but also businesses from America and Asia that are shifting European operations, it said.
“Not only are the amount of contacts continuing to grow, the number of Brexit companies that have opted for the Netherlands is also increasing,” it said. “In effect, the uncertainty of recent years has not disappeared.”
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