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The Netherlands has the 5th largest economy in the European Union. Its gross domestic product (GDP) per capita is above European Union averages and ahead of most nations. Agriculture is one of the key sectors in the Netherlands driving the economy, alongside exports of chemicals, refined petroleum and electrical machinery. The Netherlands also focuses heavily on the fostering of an entrepreneurial, innovative and forward-thinking spirit. As such, it is ranked by the EU Innovation Scoreboard 2020 as the 4th best nation for innovators. With its competitive economy as well as strong innovations, it is not difficult to see why the Netherlands is a popular choice for many foreign businesses to invest in.

How to build a team in Netherlands

Employers need to follow the strict employment guidelines set forth by the local authorities before they could employ in the Netherlands. This process can be time-consuming as the company first needs a legal entity in the country and it needs to manage payroll, tax, benefits and compliance.

Global payroll solutions make it easy to find and hire top talent in the Netherlands. With one seamless integration and local legal entity, we take care of the compliance matters so that you can start your globelizing plan immediately.

Compliance risk

Risk of misclassification

Netherlands’ worker classification labour and tax laws distinguish between contractors and full timers. If the individual meets the legal definition of an employee but is classified as a contractor, your company will face penalties.

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