New immigration regulation to attract international talent for start-up companies
Start-up companies recruiting international talent from outside the European Union cannot always make use of the current knowledge migrant regulation, due to their financial situation and the high salary thresholds. Moreover, employees working for a start-up company frequently benefit from shares, while the knowledge migrant regulation, maximizes the amount of shares of a knowledge migrant.
Therefore, the State Secretary announced a pilot regulation (for 3 years) for start-ups starting in the summer of 2020. The Netherlands Enterprise Agency (RVO) will assess the financial situation of the start-up in order to assess that the start-up company cannot make use of the knowledge migrant regulation and as a result can benefit from the pilot regulation. The following conditions will apply:
- A start-up should have a maximum of 15 employees.
- No more than 5 non-EU employees can benefit from the regulation per start-up.
- The employee should meet the lowest salary threshold for knowledge migrants: EUR 2,364 for 2019.
- The employee must receive shares.
- There is no specific educational requirement.