United Kingdom leaving European Union after Brexit

On 31 January 2020, the United Kingdom left the European Union. From 1 February till 31 December 2020 the UK and EU has entered a so-called transition period, during which all EU rules and regulations stay in place. With the transition period ending on 31 December 2020, a lot will change for businesses operating in the UK and the EU from 1 January 2021 onwards. If you have questions about your European operations and want advice on risks and opportunities in the Netherlands, please feel free to reach out to us.

Services of the Invest in Holland Network

The Netherlands Foreign Investment Agency and its partners within the Invest in Holland-network are ready to help you answer questions in topics ranging from:

  • setting up a company in the Netherlands;
  • ensuring continued access to the EU market;
  • choosing the right legal form of incorporation;
  • practical information on how to move or employ staff in the Netherlands;
  • Connect you to Dutch regulators like the Dutch National Bank (DNB), Authority Financial Markets (AFM), Dutch Media Authority (CvdM), the Netherlands Food and Consumer Safety Authority (NVWA) or any others;
  • warehousing or other logistics solutions based in the Netherlands; and
  • the impact of the UK leaving the EU on your current operations in the Netherlands.

Immigration and residency in the Netherlands for British persons or their family members

Are you a UK citizen or family members of a UK citizen, or a company employing or sending employees with UK nationality to the Netherlands? Things will change after 31 December, the Dutch Immigration and Naturalisation Service (IND) has an overview of Brexit regulations on their website. Other frequently asked questions for individuals are covered on the Brexit page of the Dutch government.

Dutch Customs after Brexit

After 31 December 2020, the UK may no longer be part of the Customs Union, and this has several implications for businesses that import or export goods between the UK from and the EU. The Dutch Tax and Customs Administration website offers you a Brexit checklist to help your company prepare: for instance, applying for an EORI number, filing customs declarations for excise goods, etc. The European Commission Taxation and Customs Union has also prepared a Customs guide for businesses, which is available in 24 languages.

Supply Chains and Brexit

If your supply chain is affected by Brexit and you want to explore solutions in the Netherlands, please contact the Holland International Distribution Council (HIDC). HIDC represents the Dutch logistics sector, and helps international companies make a smooth entry into the European market through the Netherlands. HIDC can provide:

  • answers to European supply chain challenges
  • options in the Netherlands for warehousing solutions
  • answers on customs, regulatory and VAT compliance questions
  • options for bonded warehousing and VAT deferment
  • matchmaking and introductions to 3PLs, 4PLs or even 5PLs

Changes to tax affairs and benefits after Brexit

Since the UK’s departure from the EU, the Netherlands applied a fiscal transition period to citizens and businesses. This means that for tax purposes, dealings with the UK will be treated the same as when it was still part of the EU, which will last until the end of 2020. The temporary arrangement allows businesses more time to prepare for the new situation.

The EU and the UK are negotiating agreements on their future relationship after 31 December 2020, also regarding taxes. It is not clear yet how this will affect taxes and benefits. The Dutch tax authorities will provide more information on this page as soon as it is known.

Already trading in the Netherlands

If you are already doing business in the Netherlands or already have incorporated an entity and want to find out how your company is affected by Brexit, you can do the Brexit Impact Scan (in Dutch) on the Brexitloket. The Brexitloket also offers information for individuals and businesses to prepare them for changes resulting from the UK leaving the EU. After the scan, you will get a tailored report on aspects of your business that might be affected by Brexit. You can also connect to the NFIA or our regional partners to make use of our investor relations support.

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