AMSTERDAM (Reuters) – Nearly 100 companies have relocated from Britain to the Netherlands or set up offices there to be within the European Union due to the United Kingdom’s planned departure from the bloc, a Dutch government agency said on Monday.
Another 325 companies worried about losing access to the European market are considering a move, the Netherlands Foreign Investment Agency said.
“The ongoing growing uncertainty in the United Kingdom, and the increasingly clearer possibility of a no deal, is causing major economic unrest for these companies,” said Jeroen Nijland, NFIA commissioner. “That is why more and more companies are orienting themselves in the Netherlands as a potential new base in the European market.”
The businesses are in finance, information technology, media, advertising, life sciences and health, the NFIA said.
The Netherlands has been competing with Germany, France, Belgium and Ireland to attract Brexit-related moves.
Prime Minister Boris Johnson, who took office last month, has pledged to take Britain out of the European Union at the end of October with or without an exit deal.
imightgetdownvoted on August 26th, 2019 at 13:01 UTC »
This is exactly what happened in the 70’s when all the companies moved their corporate offices from Montreal to Toronto when there were threats of separation.
Gleitzeit on August 26th, 2019 at 11:41 UTC »
I’d like to see a breakdown of how many have completely moved location versus setting up an additional office.
feetofire on August 26th, 2019 at 11:10 UTC »
On a bright note - you’ll be able to afford the rent in Canary Wharf ...