During a courtesy meeting with a delegation from Partit Laburista, Malta Chamber...
Amsterdam is the capital as well as the largest city of Netherlands. It contains a population of more than 751,000 people and is the most visited city in the Netherlands attracting an average of 3.5 million foreign visitors in a year. It is also the financial as well as cultural capital of Netherlands. It is home to seven of the top 500 companies of the world. Amsterdam provides an excellent environment for business and offers a state of the art international network of professional service and a competitive cost to quality ratio to help international businesses.
There are large reserves of natural resources in the city. The city of Amsterdam has huge mineral resource such as limestone, gas, sand, gravel and peat. The infrastructure of Amsterdam is also conducive to do business in the city. Amsterdam has a large network of road, air, rail and water transport which connects it to all the major parts of Europe. The existence of a major seaport and international airport makes it a hub which has an easy global accessibility. Furthermore, its strategic location also makes it a kind of gateway to all the major markets in Europe.
Apart from the state of the art infrastructure, the massive and skilled labor of Amsterdam also contributes heavily towards increasing the productivity of the city.
The Stock exchange of Amsterdam is the one of the oldest stock exchange in the world. In the year 2010, Amsterdam ranked 13th in the list of cities having the highest quality of living in the world.
With an estimated growth rate of 2.5% in the coming years, Amsterdam is considered to show a positive trend even after the shocks experienced under the global economic crisis.
The strategic location of Amsterdam provides you an easy access to European, African and Middle East markets. Apart from this, the Amsterdam Metropolitan Area region provides investors with an attractive market which contains a population of more than 500 million.
In a research conducted by the Pricewaterhouse Coopers, Amsterdam was considered to be one of the richest cities in the world by GDP growth by the year 2020. It has been estimated that the Gross Domestic Product (GDP) of Amsterdam is going to reach a staggering $50 billion by the year 2020. The GDP of Amsterdam is expected to grow at a rate of 2.5% in the coming years. Amsterdam stands in the first position in terms of attracting the highest amount of the Foreign Direct Investment (FDI) of all the investment in Netherlands. The city of Amsterdam attracted as much as 95 investment projects which provided employment to as many as 1600 people.
The industries worth investing in Amsterdam include banking, chemical, media, shipping, automobile, horticulture, clothing and the entire services industry.
Being the major financial center of the entire Europe, Amsterdam provides loads of investment opportunities in the financial sector. The financial sector alone accounts for the 20% GDP of the region. Apart from the financial sector, there are lots of opportunities for investors to invest in the creative industry of the city. Amsterdam has a large creative industry which is booming day by day. There are also opportunities in sectors such as advertising and gaming as well as in media in the city.
Amsterdam was selected as the most business-friendly city in Europe. This was mostly due to the friendly foreign investment policies adopted by the Dutch government. To attract more and more foreign investment in the country, the Dutch government follows an investment policy that will encourage foreign investment in the country. For this, it is providing several tax incentives to expats. The association of the Dutch with the European Union and being a part of the Schengen area have largely contributed to the Dutch economy which in turn have also affected the economy of Amsterdam. As a part of the investment policy, the local government of Amsterdam has established an agency to promote the inflow of foreign investment in the city. This agency, known as the Amsterdam inbusiness, works to encourage the foreign investment in the city
As the Netherlands is an open economy it has always given more importance to a stable and transparent tax system which is flexible enough to increase the international investments. The corporate income tax rate in the city is a competitive 20% over the 200.000 Euros. There is also a 30% ruling for expats in the form of tax-free reimbursements for overseas employees and so on.
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There is an official foreign investment agency known as the Amsterdam inbusiness which values the presence of investors who want to start a business in the city. The main objective of this agency is to provide all the necessary information to investors that will help them to set a business in the city. The agency also provides the investors a link of private and public partners and other services all free of cost.
Abundant natural resources, a state of the art infrastructure, investor friendly policies and an investor friendly government, all these features really make Amsterdam one of the best cities to invest in the entire world. Its strategic location of being situated in the heart of the Europe really works wonders for it and also for businesses who want to expand their businesses in Europe.
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