logo
Back to news
Next article Previous article

Applying for a Dutch Bank Account Made Easier for Foreign Companies

About Holland

-

06.13.2019

This new uniform process applies to both larger established companies and innovative foreign start-ups from outside the EU.

It will be easier for companies outside the Netherlands to apply for a bank account with a Dutch bank. This is due to an initiative of ING, ABN Amro and Rabobank, together with the Dutch Banking Association (NVB) and a number of public parties.

Since 20 May 2019, entrepreneurs outside the Netherlands can apply for a Dutch bank account using the ‘Quick Scan Dutch Business Bank Account’. Based on the information which a company must provide, the bank will be able to assess whether a bank account is feasible. As a result, the company will know where it stands more quickly. If the assessment is positive, the bank will then commence its usual customer due diligence procedure.

With this service, the banks, the NVB, the government and various other parties involved, hope to improve the attractiveness of the Netherlands as a business location without raising unrealistic expectations or infringing on banking regulations.

“The banks want to contribute to the ambition of ‘The Netherlands Incorporated’ to attract foreign businesses,” says Chris Buijink, chair of the Dutch Banking Association. “Being able to arrange your banking affairs quickly and efficiently is an important precondition for an attractive business location.”

In coming months, the new methodology will be tested in practice. Other banks will be able to join at a later stage if they so wish.

Click here to read more about how it contributes to the ease of setting up business.


125 views Visits

Like

Comments0

Please log in to see or add a comment

Suggested Articles

About Holland

Rotterdammers are the best non-native English speakers in the world

User profile picture

Veere Lendering

November 06

1

About Holland

The Netherlands is one of Lonely Planet’s top ten countries to visit

User profile picture

Veere Lendering

October 24

1

2

About Holland

Herfst is here: Time to update your Dutch vocabulary!

User profile picture

Veere Lendering

October 23

1