Brexit brings 42 foreign companies and 2,000 jobs to the Netherlands

The Brexit has prompted 42 companies to settle in the Netherlands last year, representing nearly 2,000 jobs, the Dutch investment agency NFIA said on Saturday.

The total includes the 900 jobs that will be generated in Amsterdam by the European Medicines Agency, whose transfer from London was announced in November 2017.

That year, 18 companies moved to the Netherlands as part of Brexit.

Last month, the NFIA confirmed to DutchNews.nl that some 250 companies from around the world had contacted the organization to discuss the creation of a Dutch company because of Brexit, which means that the company was not in the business. more companies could still make the transition.

Among the companies that have announced their transfer to the Netherlands as a result of the UK decision to leave the EU are the Japanese investment bank Norinchukin and the media company TVT Media, the financial service providers MarketAxess and Azimo and the UK P & I Marine Insurer

In total, 372 foreign companies moved to the Netherlands last year, generating nearly 10,000 jobs and investing 2.85 billion euros, the NFIA said.

As in 2017, US companies created most jobs, just under a third of the total. Britain, China, Japan and Germany complete the top five.

Cost

If the UK leaves the European Union without going through an agreement, it would cost the Dutch government 2.3 billion euros over the next two years, according to the Dutch audit bureau.

The main expenses would be for additional services related to customs and food security (700 million euros) and the 1.6 billion euros of higher European contributions, the audit office announced. in a report published at the end of last year.