Amsterdam is one of Europe’s hot spots for the financial technology industry and a good location to base a fintech startup. The city offers a unique environment that combines the traits of an already established financial center, with a welcoming business climate and a high rate of tech adoption. These traits, along with the fact that it is easy to set up a fintech company in the Netherlands, make it one of the top locations to take into consideration when starting this type of business in Europe.
Fintech companies in the Netherlands
Financial services and financial technology are two thriving sectors in our days. Modern technology is already changing the way we interact with financial services providers and Amsterdam is one of the European cities that is seeing the most of this evolution. The city is home to many financial services companies and has a developed and evolving tech sector as well as a friendly and thriving environment for startups in general.
Fintech providers activate in a complex climate that offers services both to private consumers and to companies. Businesses will generally focus on a certain fintech category, like business-to-business or business-to-consumer, and adapt their services accordingly. Some examples of fintech solutions include the following:
– Banking: Fintech companies do not operate like a traditional financial provider such as a bank (although they may need special licenses in some cases). We can rather refer to them as alternative financial institutions that can offer solutions for digital banking, transaction platforms and other payment solutions.
– Finance: Fintech solutions for companies include the digitization of corporate processing, electronic invoicing solutions, alternative payment methods and systems. For individual users, fintech businesses offer solutions for personal financial management, online or mobile payment services, digital wallets and others.
The fintech sector is rapidly changing the way we interact with banks and other financial services providers and companies in this business field need to remain innovative in order to succeed. A key to starting a successful fintech business is to find a niche and come up with a solution to an existing banking or finance management problem. Another important aspect to consider for foreign investors who want to open a fintech company is the team: a dedicated core development team is essential for delivering a reliable and quality product or service.
How to start a business in the Netherlands
Company formation in the Netherlands is a simple process and foreign investors from EU who start a business in this country are treated the same way as local investors. The main steps to follow when opening a fintech company are briefly listed below:
– choose a legal structure and a company name;
– draw up the Articles of Association and register with the Dutch Commercial Register;
– register with the Tax Administration;
– register as an employer with the Tax and Customs Administration.
Amsterdam is a city that has much to offer to those interested in investments in the financial technology sector and some may even refer to it as the fintech capital of Europe because of the large number of companies and the high number of employees in this business sector. The Dutch fintech industry is worth exploring by investors who are interested in the technologies that are disrupting the banking and financial industry.
Amsterdam has a long-standing history of embracing financial and business innovation. This means that fintech entrepreneurs will find a welcoming business climate here, as well as access to a highly skilled workforce, good conditions for doing business, easy access to surrounding EU markets and a high quality of life.
What are the 7 most popular major currency pairs?
The currency pair is a quotation of the relative value of one currency in terms of another currency. Some examples...
Retirement planning: What to know about the current distribution phase
With the current trend in retirement planning, investors need to diversify their accounts to be more flexible in times of...
5 risk factors beginner real estate investors should know
Being a real estate investor comes with some risks. These tips could help in avoiding inconveniences and making informed decisions.
Understanding cryptocurrencies: Essential things to know
Here are 25 most prominent cryptocurrenices and what you should know about them.
Sugar prices down as strong Brazilian currency gains on US dollar
The price of sugar closed lower in New York and London due in part to weak petroleum futures. There was...
Destinations3 days ago
New Zealand now a go-to destination for luxury travelers
Featured4 days ago
How Americans still have money for favorite leisure activities despite loans
Featured1 day ago
What to emulate in Apple’s business and workplace management
Featured3 days ago
Dow Jones earnings hit a new all-time high
Business4 days ago
3 cannabis brands making progress with recent achievements
Crowdfunding4 days ago
RealtyShares starting to crumble after lack of venture capital
Business3 days ago
Most Americans agree to decriminalize marijuana
Economy3 days ago
Government leaders, investors are happy with Opportunity Zones investment program