Netherlands

IT Industry

The Netherland is Europe’s hotspot for leading information and communication technology companies. In fact, more than 50% of Forbes 2000 companies active in the information technology industry have already established their headquarters in Holland. Here you could find such companies like Microsoft, Cisco, Huawei, Oracle, Intel, IBM, Infosys, and Google tapped into IT infrastructure. Moreover, the Netherlands is also a big city for progressive companies in the global gaming industry. It’s a home to world-renowned gaming companies like Guerrilla Games, Perfect World, Kixeye and Activision Blizzard.

Visas

Long-term visa is required when a person plans to stay in the Netherlands for more than 90 days, for instance for the purpose of work, study, living with a partner, etc. The application is handled by the IND (the Immigration & Naturalization Service in the Netherlands) and takes approximately three months. The decision has to be awaited in the country of legal residence.  When the long-term visa is approved by the IND, the visa has to be collected within three (3) months.

Taxes

In the Netherlands, worldwide income is divided into three different types of taxable income, and each income class is taxed separately under its schedule. Employment and home ownership income are taxed at the progressive rate that ranges from 36,50%, where income tax and social security contributions are part of combined levy (8,35% income tax plus 28,15% social security contribution), on the first EUR 19,822 to 52% on exceeding EUR 57,585.

Cost of living

The cost of living in the Netherlands has risen steadily in recent years, especially since the adoption of the Euro in 2002. However, in comparison with many other European countries – such as the UK – it still offers a relatively modest lifestyle. However, the average monthly salary of €2178 after tax is correspondingly high and expats moving to the Netherlands will enjoy an excellent standard of living.

A small one bedroom apartment in the center of Amsterdam can set you back around €1,215,93 per month. Utilities such as house heating, electricity and gas can cost you €109 for the apartment (45m2). Monthly rent for two persons (85m2 apartment) will cost around  €1495, and the utilities are about €160. The Internet on average costs about €26 per month.

Monthly public transport ticket will cost about €105. Or if you drive expect to pay €1.50 for 1 liter of gas.

Basic dinner for two persons in a local pub will cost around €40-50. Price for two tickets in the cinema will cost you around €23.

Primary lunchtime is around €13.

Amsterdam, The Netherlands scored 203 points of cost of living index, comparing to 272 points in San Francisco, USA and 67 points in Kiev, Ukraine. (According to Internet research expatistan.com).

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