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NETHERLANDS: New Residence Permit for High Net Worth Individuals

A new permit category was introduced on October 1, 2013. Foreign nationals investing funds above the threshold amount of EUR 1,250,000 into a company established in the Netherlands now may qualify for a residence permit. The Dutch Ministry of Economic Affairs will assess whether the company in which the amount is invested is of "added value to the Dutch economy." The applicant must possess a declaration that the amount that is invested is "not of dishonest provenance." The declaration must be issued by an internationally operating Dutch accounting firm. The residence permit will be issued for one year and can be renewed. Seen as a "pure" investor permit, the new measure's effectiveness is expected to depend on the Ministry of Economic Affairs' interpretation of "added value."

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