Why is The Netherlands Considered to The Best Country of The European Union For Doing Business?

When it comes to establishing a business, one of the very first decisions is to choose the right location. The location plays a major role in the success of any business. In fact, once you have chosen the right location, it can become easier for you to move ahead. If you are a new entrepreneur or looking for expanding your current business to a newer location, what better than the Netherlands?

The Netherlands has been considered as one of the most suitable locations for starting a new business in the Netherlands as it not only offers ample opportunity but also has socio-economic stability. The people there are welcoming and always accept new business with open arms.

What makes the Netherlands so popular among businessmen?

The Netherlands is ranked as number 4 in the world by Forbes for the ‘Best Countries for Business’. It is considered as a world-class business destination with state-of-the-art infrastructure and growth opportunities. The Holland’s strategic location at the front door of Europe offers the perfect kick start to enter the European market. It offers access to 95% of Europe’s most profitable consumer markets within just 24 hours of Amsterdam and Rotterdam.

If that was not enough, you can have access to the Holland’s supportive corporate tax structure, along with highly educated multilingual workforce and extra ordinary logistics and technology infrastructure. And not to forget, it is quite easy to register company in the Netherlands provided you follow the legal obligations and paperwork. Considering these benefits, it is not surprising why multi-national businesses right from small and medium sized to the fortune 500 leaders have had the Netherlands as their gateway to Europe.

Here’s a look at some advantages of establishing business in the Netherlands:

1. Excellent infrastructure

The Netherlands is ranked number 3 as far as logistics performance is concerned. It is also home to impeccable seaports, centrally located airports, and incredible network of roads and highways. Not just that, it offers the second highest quality broadband network in Europe.

2. Business climate

It has been observed that the Netherlands has a competitive international climate and is home to 15000 foreign companies. Many people might know but as much as 50% of the Dutch GDP is derived internationally.

3. Fiscal climate

The fiscal climate of the Netherlands offers attractive features for international companies with a competitive statutory corporate income tax rate of 25% in Europe.

4. Educated and multilingual workforce

An essential factor for the success of any business is its workforce and Holland offers highly educated and productive workforce with wide array of skills and capabilities. Also, 90& of the Dutch are fluent in English which is an essential language for international business, science, and technology.

5. Creative and innovative environment

The Netherlands is also considered as home to an attractive test market, adaptive consumers and an open culture. It also happens to be the world’s most multicultural hubs for creative talent. In short, it is a great place to give life to your ideas.

6. Great quality of life

The Netherlands has been ranked as 6th in the world for the happiest place to live. Most of the Netherlands has high standard of living with a low cost of living as compared to most of the other European countries.

Import Export Business – Factors That Affect It

No matter how stable the economy of a nation is, no nation is practically self sufficient. Even the most powerful countries need many raw materials from other countries in order to produce products that are needed by other countries as well. Everything is actually evolving in trading; and that is acquiring what it lacks, and selling what it produces. In other words, no nation can be totally independent from the rest of the world, most especially in providing for its production needs.

Nowadays, international trading has become more convenient, easier, and safer. Moreover, a lot of hard-to-comply government trading rules have been revised and improved for a smoother trading flow. These have encouraged many people then to engage in the import export business.

Like any other businesses, the trading business has also a lot of important considerations. Although, trading opportunities have widened with advent of technology, traders, importers, and exporters still have to be conscious of the factors that will affect the outcome of the business. Here are some of the important factors that affect the import export business.

Marketing. A lot of businessmen may not be aware of the great impact of marketing on businesses. This is probably why not many businesses invest on marketing that much. Unfortunately for these people, they have actually missed out on the most important factor in any business- and that is marketing. The logic of marketing is just very simple and basic. If you want people to patronize your products and services; you must make them aware of these products and services. After all, how could someone possibly buy something that he has not heard of? Marketing is indeed a crucial aspect in businesses, most especially in the import export business. In starting up an import export business therefore, you should acknowledge the importance of marketing and invest time, effort, and money for the facilitation of marketing strategies.

Logistics. In the import export business, the delivery of products is one of the utmost important considerations, most especially if the products imported or exported are perishable. Definitely, with these types of products, time is very important. There are many logistics services that you can choose from. Naturally, for faster delivery of goods, the service charge is more expensive than the slower delivery services. Thus, it is important to consider the logistics requirements of your products in order to predict the costs that you will have to incur in the business.

Government Rules. Whether you like it or not, an import export business will always be dictated by the various rules imposed by the government with which you are doing trading with. With this reality, to avoid trading restrictions, it is very important to strictly comply with government rules at all times. If you are therefore doing trading business with many countries, you will have to consider the fact that these rules may vary from country to country.

Starting a New Import-Export Business

Times are bad, and everyone seem to be complaining about the economic downturn. But now is not the time to complain. All savvy business owners know that now is the best time to adopt a proactive approach. Maybe you can consider starting a new business. After all, purchases tend to be cheaper these days. Perhaps you can stumble upon some unbelievably good deals on the Internet.

But the Internet is a huge place. So where do you start? Here are some suggestions.

Step 1: Visit a trade lead directory.

If you are going to start a business online, might as well think big and go International. The Internet is a great way to connect with suppliers and customers from all over the world. Start by visiting a trade directory. You will see for yourself the wide range of products that are available. But don’t do any buying yet. Proceed to the next step.

Step 2: Market research.

This is an essential step. If you skip this step, you are just risking your money unnecessarily. Make sure that there is a profit to be made before jumping on the wagon and placing a wholesale order. Otherwise, you may find yourself stuck with all that inventory, with no visible ways of getting rid of them. Poor research always lead to poor business decisions.

If you want to save a little time, you can always purchase a research report. For instance, if you are not sure if leather furniture will sell well in your country, you can buy a relevant report so that you can examine the numbers. Is there a rising demand for the products? Who are these people? Who are your competitors? You need to know the answers to these questions before making the leap.

Step 3: Have a marketing plan.

Knowing that there is market demand is one thing. But knowing how to reach out to your target customers is a totally different thing. Ask yourself how you are going to market those products to the customers. Will you do so online? Are there networks you can tap into? Again, this requires more research. But having a practical marketing plan is half the battle won.

Step 4: Actually doing it.

Don’t let fear stop you if you have done your homework and you are confident that you have a good chance of success. Proceed to request for quotations. Choose your suppliers carefully. Don’t just base your decision on price. You want a relatively hassle free shipment. If you choose the wrong supplier, you end up being the recipient of sub quality products.

Step 5: Manage your cash flow.

Your import/export business depends on how you manage your cash flow. Don’t be greedy and place orders that will affect your cash flow adversely. Always leave room for error if you are unsure.

A good approach to adopt when you are just starting out is to place an order for a variety of products, each in a small quantity. With the products bundled together, you still get to enjoy wholesale prices. Once you determine which are the better selling products, just focus more on those products.