Amsterdam, 12 November 2024 – BoldData, a leading provider of global business intelligence, has revealed that the Netherlands is home to over 527,000 holding companies, marking it as the country with the highest concentration of such entities worldwide. The USA follows with 375,079 holdings, while France ranks third with 240,673. The Netherlands’ advantageous tax policies and strategic central location in Europe have solidified its position as a premier destination for businesses streamlining cross-border operations.
Global Businesses Leverage Dutch Tax Advantages
Renowned for its tax-efficient framework, the Netherlands continues to attract a diverse range of international businesses. Major corporations and smaller firms from nations like the United States and the United Kingdom have established holdings in the Netherlands to capitalize on its favorable regulatory environment. U.S.-owned holding companies make up a significant portion, with over 2,000 entities operating in the country.
Smaller economies have also recognized the benefits. Cyprus, for example, has seen a 700% increase in foreign holdings established in the Netherlands over the past 15 years, highlighting the widespread global appeal of the Dutch tax system.
UK Holdings Skyrocket Amid Domestic Tax Challenges
Over the last decade, the number of UK-owned holding companies in the Netherlands has surged by 320%, growing from 320 entities in 2014 to 1,352 in 2024. BoldData attributes this remarkable growth to rising tax pressures in the UK, which have made the Dutch tax environment increasingly attractive.
The recently announced UK budget includes a £40 billion tax package that will raise employers’ national insurance contributions to 15% from April. This policy shift is expected to prompt even more UK companies to explore tax-friendly jurisdictions like the Netherlands to maintain competitiveness and operational stability.
Expert Opinions on the Migration Trend
Critics in the UK have voiced concerns about the potential fallout from these tax policy changes. Elliot Keck, head of campaigns at the TaxPayers’ Alliance, commented, “Taxpayers will be concerned about companies closing up and leaving. The chancellor’s hike in employer’s national insurance will only drive more wealth creators and businesses into the arms of lower tax countries. Rachel Reeves needs to be supporting businesses, not slamming them.”
About BoldData
BoldData specializes in delivering precise and reliable business intelligence, boasting a comprehensive database of over 350 million companies. With services tailored to support analytics, research, and CRM solutions, BoldData has empowered more than 4,000 clients to make data-driven decisions and optimize their operations.
To learn more about the global trends in holding companies or to explore BoldData’s industry-leading solutions, visit BoldData.
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