“The Netherlands: Your business hub for European success” Business Opportunities in the Netherlands with NFIA

Bangkok, 7 November 2012 – the Netherlands Foreign Investment Agency (NFIA), an operational unit of the Dutch Ministry of Economic Affairs, and KPMG Phoomchi Tax Ltd. are organizing a seminar about the strength of the Netherlands as a business hub in Europe for Thai companies. The seminar aims to take Thai companies through the important business decisions to be taken when companies intend to strengthen their competitiveness in Europe through direct investment in the Netherlands, and the international tax consequences that such business decision may have. Topics that will be covered are exporting strategies, establishment of sales and marketing support, European logistics and distribution, holding and financing and research and development.

 

The seminar includes topics such as “The Thai Government’s Role in Assisting Thai Companies to Invest Abroad” by Ms. Vasana Mututanont, the Deputy Secretary General of the Board of Investment, “Strengthen your Business in Europe through the Netherlands” by Ms. Karin Rancuret, the Area Director for SEA of the NFIA, “Custom Duties- EU Preferential System & EU Free Trade Agreements” and “Business Case Study” by Vinod Kalloe, the Director International Tax, KPMG Meijburg & Co in Amsterdam. Furthermore, the seminar also includes “One-on-One: Strategic Investment, Tax and Custom Clinic” by KPMG’s Tax and Customs Team and NFIA advisors.

 

Karin Rancuret, the Area Director of the Netherlands Foreign Investment Agency or NFIA says “Due to its strategic location in the heart of Europe’s largest consumer markets, its attractive fiscal climate, as well as its excellent logistics infrastructure, many international companies use the Netherlands as their base for the European market. Europe is one of Thailand’s largest trading partners and exports from Thailand to the EU continue to grow. As a result we see a growing interest from Thai companies to set up a presence in this important market, and through the services of the Netherlands Foreign Investment Agency, the Dutch government offers Thai companies a warm welcome, by providing advice, information and practical assistance, as well as access to a broad network of business partners and government institutions, on a complimentary and confidential basis”

 

“The Netherlands offers favorable tax and customs treatment to facilitate EU market entry for Thai goods and products. The Netherlands also offers extensive tax incentives for Thai companies that are considering setting up a regional EU business hub in the Netherlands. This business hub could include functions ranging from sales and marketing, distribution and logistics, to holding company and financing activities. Furthermore, the Netherlands offers significant tax incentives for R&D activities since innovation is one of the top priorities for the Dutch government.” Says Vinod Kalloe, Director International Tax, KPMG Meijburg & Co in Amsterdam

 

For many years, the Netherlands has proven to provide a strategic location to serve markets within Europe, the Middle East and Africa. The Central geographical position of the Netherlands, combined with accessibility and an excellent infrastructure, are only some of the reason that for many years numerous European, American and Asian companies including Thai Companies have established their facilities in the Netherlands.

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The Netherlands Foreign Investment Agency (NFIA) – Established more than 30 years ago, NFIA is an operation unit under the Netherlands Ministry of Economic Affairs, and in Thailand is represented by the Economic Section of the Embassy of the Kingdom of the Netherlands in Bangkok.  NFIA assists and advises foreign companies on the establishment, rolling out and/or expansion of their international activities in the Netherlands, on a complimentary and confidential basis. Since it was founded, NFIA has supported more than 2,700 companies from nearly 50 countries.