Amsterdam Lures Foreign IT Talent With Generous Tax Breaks


Seasoned ICT experts who would jump at the chance of relocating to Amsterdam, should check out their options now. The city is actively recruiting IT specialists from all over the globe to fill a growing supply gap in the market and is offering huge tax breaks.

The Amsterdam Economic Board only last week launched a special website to lure highly qualified IT migrant employees to town. 

To butter up the best candidates out there, highly skilled migrant employees will be given a 30 percent tax advantage. Minimum requirements are that you do not work on a self employed basis and that you arrive in the Netherlands for a job you have the exact skillset for.  An employer grants a tax-free allowance of a gross salary that is equivalent to 30 percent of the total. In Amsterdam this deal is even more attractive, because the rate is notched up to its maximum of 36.4 percent. Check out the exact details here.     

According to the site, a warm welcome awaits you, because there is a burgeoning expat community in the city, thanks not in the least to some 2,500 international companies who have chosen to set up shop in Amsterdam already.

“The level of unemployment might be high [in Amsterdam], but there is a simultaneous scarcity on the labor market,” a spokesman of the project to generate interest in Amsterdam IT jobs among the international community said in an interview with Business News Radio. He added that especially companies in the private sector are faced with a distinct shortage of suitable IT candidates for vacancies they need to fill.

The lack of capable ICT staffers has become so much of a problem that on top of the active recruitment campaigns in Eastern Europe and Asia, the city of Amsterdam has officially broadened its search to Southern Europe too.

The AEB’s Human Capital Agenda ICT/eScience is accompanied by a Dutch-language action plan which you should process through Google translate if you are seriously considering moving to the Netherlands. It will give you a pretty clear idea of where it’s all at on the tech front in Amsterdam. The Board considers Amsterdam a city that prides itself on being internationally at the forefront in terms of its ability to connect ICT with other sectors - think industry, finance, and business services, healthcare, logistics and energy -  thanks mainly to its impeccable infrastructure and a well-developed knowledge economy.  

From the list of future policy measures it is clear that the shortage of talent is especially pronounced at exactly this crossroads. No wonder then, that the ultimate goal of the Amsterdam Economic Board is to realise an ecosystem in the region which can support the development of the various sectors that justifies the demands the labor market has.

Add the news that the Dutch economy has recently returned to growth after the financial crisis hit it for a more protracted period than countries like the UK and Germany, and you get the entire picture. In case you wonder if the feeble Dutch economy should be a reason for concern, don’t worry too much. A report on the iAmsterdam website details that “the imbalance between demand and supply [of ICT’ers] also is evident from several labor market studies. These also imply strongly that the demand is crisis resistant.”   

If you relocated to Amsterdam, what would be your expectations of life there?

Image credit: MorBCN via Flickr.