Netherlands boosts allure for firms in Brexit fallout

Companies are being drawn to the Netherlands as a result of Brexit, but the coronavirus outbreak caused fewer foreign firms to go to the country in the past year on the whole, the Netherlands Foreign Investment Agency, or NFIA, said in its annual report.

The Netherlands remains popular with companies that are experiencing disruption due to Brexit and are looking to secure their European operations. The number of these companies that have opted to move to the Netherlands is increasing, the NFIA said.

Since the referendum in the UK in June 2016, 218 Brexit companies have opted for the Netherlands, of which 78 made the (partial) move last year. These 218 companies together are expected to generate 6,000 jobs and 544 million euros ($662 million) in investments in the first three years after arrival, the report said.