More companies leaving the UK for the Netherlands

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As a consequence of Brexit, more companies are leaving the UK and looking to settle in the Netherlands.

The companies want to move to the European continent so that they can continue doing business in the EU and not be held back after Brexit.

Over the past six months, the Dutch central bank DNB received 35 applications for a license in the banking sector, the insurance sector, and especially in the payment institutions and electronic money sectors, among others. It is being predicted that the applications will increase as Brexit comes closer to reality.

Some 20 of the applications had to do with the United Kingdom leaving the European Union – 15 from companies in the payments industry and five from companies in other sectors, according to DNB.

The Dutch regulator on financial markets AFM also received a considerable number of applications from investment companies, DNB said.

Via NL Times


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