The Netherlands introduced a new work permit on June 2021 that is still unknown to many. The program name is Essential Start-up Personnel and it will be a pilot program. As an employer, if you have an innovative and scalable start-up, and you want to attract international talent you could do it easily now. On the other hand, for the foreign workers, from 1 June 2021, the residence scheme ‘Essential start-up personnel’ gives you the opportunity to more easily work in the Netherlands with specific high-quality expertise. The new work permit will cost up to €345. for a foreign worker.
This new residence scheme is based on employee participation of 1% in the start-up company. With this form of remuneration, the new scheme is in line with the remuneration structures that are common within the start-up ecosystem. The residence scheme is part of a pilot that will run for 4 years from 2021 to 2025. The scheme for the residence permit will continue for 1 year after the pilot.
Requirements for residence permit essential start-up personnel
The main conditions for the residence permit essential start-up personnel are:
The employee will work in paid employment at a start-up, innovative and scalable company.
The employee receives a salary that is at least equal to the reduced salary criterion for highly skilled migrants. It should be Gross income per month without a holiday allowance of €2,543.
The employee receives employee participation in the form of shares, certificates, or (virtual) options equal to at least 1% of the capital in the start-up company.
Required documents such as:
You have a valid passport or another travel document. A child may be included in the passport of one of the parents.
Job contract signed by both the parties
Job contract meets the salary requirements
Medical report
Security clearance certificate
NLQF report from IDW
Visa Application form & receipt
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Netherlands work permit Benefits:
Free education for children
Free medical insurance for the whole family
Can travel across 28 Schengen countries with this visa
The applicant can take along the spouse and children
Citizenship in 5 years of staying within the country