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Netherlands Official Name: Kingdom of The Netherlands

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Page 1: Victor harris bus 245 power point

NetherlandsOfficial Name Kingdom of The Netherlands

General InfobullCapital AmsterdambullPopulation 166 millionbullEthnic Make-up Dutch 83 Moroccans Turks Surinamese and Dutch Caribbean 17

31

21

440360

40

Religions

Roman Catholic

Protestant

Muslim

Other

unaffiliated

The Netherlands is also a relatively small country (13297 square miles [34425 square kilometers])

Government and Political Strucure

Type Constitutional Monarchy

Chief of State Queen BeatrixHead of Government Prime Minister Mark Rutte

Government main institutions1 The Monarch2 The Council of Ministers3 The States General (parliament)4 Local governments

The Government Role

bullSignificant role through permit requirements and regulations

bullReduce administrative burden on business and shrink the public

sector

bullAims to privatize the public transport companies in large cities

bullDoes not play a major role in the nationrsquos economy

bullTakes an active approach to managing the nationrsquos credit supply amp

currency value

bullActive role in managing the nationrsquos environment

bullGDP (2011) $7057 billionbullGDP growth (2011 est) 16bullBalance of Trade Exports-$5233 billion Imports-$4684 billion

74

2

24

GDP-Composition by Sector

Services

Agriculture

Industry

Services trade hotels restaurants financial (banking amp insurance) transport

Agriculture dairy poultry meat flower bulbs fruits amp vegetables wheat

Industry natural gas petroleum products bulk chemicals construction microelectronics fishing

Imports Machinery and

transport

equipment chemicals fuels f

oodstuffs

533

17766

93

67

7645

Major Import partners

EU

Germany

Belgium

China

UK

US

France

Imports

Exports

56

18

8

1 6

47

Major export partners

EU Germany Belgium China United Kingdom US France

Exports machinery and transport equipment chemicals fuels processed food amp tobacco

Currency Exchange Rates

Exchange rateseuros (EUR) per US dollar - 06734 (2008 est) 07345 (2007) 07964 (2006) 08041 (2005) 08054 (2004)

The Netherlands is a majorproducer of cut flowers

bullThe Netherlands largely dominates this industry more than 60 of the international trade

bullThe Netherlands has a good and functional trade system to facilitate the movement of Cut Flowers which form a majority of the flowers that are traded

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 2: Victor harris bus 245 power point

General InfobullCapital AmsterdambullPopulation 166 millionbullEthnic Make-up Dutch 83 Moroccans Turks Surinamese and Dutch Caribbean 17

31

21

440360

40

Religions

Roman Catholic

Protestant

Muslim

Other

unaffiliated

The Netherlands is also a relatively small country (13297 square miles [34425 square kilometers])

Government and Political Strucure

Type Constitutional Monarchy

Chief of State Queen BeatrixHead of Government Prime Minister Mark Rutte

Government main institutions1 The Monarch2 The Council of Ministers3 The States General (parliament)4 Local governments

The Government Role

bullSignificant role through permit requirements and regulations

bullReduce administrative burden on business and shrink the public

sector

bullAims to privatize the public transport companies in large cities

bullDoes not play a major role in the nationrsquos economy

bullTakes an active approach to managing the nationrsquos credit supply amp

currency value

bullActive role in managing the nationrsquos environment

bullGDP (2011) $7057 billionbullGDP growth (2011 est) 16bullBalance of Trade Exports-$5233 billion Imports-$4684 billion

74

2

24

GDP-Composition by Sector

Services

Agriculture

Industry

Services trade hotels restaurants financial (banking amp insurance) transport

Agriculture dairy poultry meat flower bulbs fruits amp vegetables wheat

Industry natural gas petroleum products bulk chemicals construction microelectronics fishing

Imports Machinery and

transport

equipment chemicals fuels f

oodstuffs

533

17766

93

67

7645

Major Import partners

EU

Germany

Belgium

China

UK

US

France

Imports

Exports

56

18

8

1 6

47

Major export partners

EU Germany Belgium China United Kingdom US France

Exports machinery and transport equipment chemicals fuels processed food amp tobacco

Currency Exchange Rates

Exchange rateseuros (EUR) per US dollar - 06734 (2008 est) 07345 (2007) 07964 (2006) 08041 (2005) 08054 (2004)

The Netherlands is a majorproducer of cut flowers

bullThe Netherlands largely dominates this industry more than 60 of the international trade

bullThe Netherlands has a good and functional trade system to facilitate the movement of Cut Flowers which form a majority of the flowers that are traded

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 3: Victor harris bus 245 power point

Government and Political Strucure

Type Constitutional Monarchy

Chief of State Queen BeatrixHead of Government Prime Minister Mark Rutte

Government main institutions1 The Monarch2 The Council of Ministers3 The States General (parliament)4 Local governments

The Government Role

bullSignificant role through permit requirements and regulations

bullReduce administrative burden on business and shrink the public

sector

bullAims to privatize the public transport companies in large cities

bullDoes not play a major role in the nationrsquos economy

bullTakes an active approach to managing the nationrsquos credit supply amp

currency value

bullActive role in managing the nationrsquos environment

bullGDP (2011) $7057 billionbullGDP growth (2011 est) 16bullBalance of Trade Exports-$5233 billion Imports-$4684 billion

74

2

24

GDP-Composition by Sector

Services

Agriculture

Industry

Services trade hotels restaurants financial (banking amp insurance) transport

Agriculture dairy poultry meat flower bulbs fruits amp vegetables wheat

Industry natural gas petroleum products bulk chemicals construction microelectronics fishing

Imports Machinery and

transport

equipment chemicals fuels f

oodstuffs

533

17766

93

67

7645

Major Import partners

EU

Germany

Belgium

China

UK

US

France

Imports

Exports

56

18

8

1 6

47

Major export partners

EU Germany Belgium China United Kingdom US France

Exports machinery and transport equipment chemicals fuels processed food amp tobacco

Currency Exchange Rates

Exchange rateseuros (EUR) per US dollar - 06734 (2008 est) 07345 (2007) 07964 (2006) 08041 (2005) 08054 (2004)

The Netherlands is a majorproducer of cut flowers

bullThe Netherlands largely dominates this industry more than 60 of the international trade

bullThe Netherlands has a good and functional trade system to facilitate the movement of Cut Flowers which form a majority of the flowers that are traded

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 4: Victor harris bus 245 power point

The Government Role

bullSignificant role through permit requirements and regulations

bullReduce administrative burden on business and shrink the public

sector

bullAims to privatize the public transport companies in large cities

bullDoes not play a major role in the nationrsquos economy

bullTakes an active approach to managing the nationrsquos credit supply amp

currency value

bullActive role in managing the nationrsquos environment

bullGDP (2011) $7057 billionbullGDP growth (2011 est) 16bullBalance of Trade Exports-$5233 billion Imports-$4684 billion

74

2

24

GDP-Composition by Sector

Services

Agriculture

Industry

Services trade hotels restaurants financial (banking amp insurance) transport

Agriculture dairy poultry meat flower bulbs fruits amp vegetables wheat

Industry natural gas petroleum products bulk chemicals construction microelectronics fishing

Imports Machinery and

transport

equipment chemicals fuels f

oodstuffs

533

17766

93

67

7645

Major Import partners

EU

Germany

Belgium

China

UK

US

France

Imports

Exports

56

18

8

1 6

47

Major export partners

EU Germany Belgium China United Kingdom US France

Exports machinery and transport equipment chemicals fuels processed food amp tobacco

Currency Exchange Rates

Exchange rateseuros (EUR) per US dollar - 06734 (2008 est) 07345 (2007) 07964 (2006) 08041 (2005) 08054 (2004)

The Netherlands is a majorproducer of cut flowers

bullThe Netherlands largely dominates this industry more than 60 of the international trade

bullThe Netherlands has a good and functional trade system to facilitate the movement of Cut Flowers which form a majority of the flowers that are traded

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 5: Victor harris bus 245 power point

bullGDP (2011) $7057 billionbullGDP growth (2011 est) 16bullBalance of Trade Exports-$5233 billion Imports-$4684 billion

74

2

24

GDP-Composition by Sector

Services

Agriculture

Industry

Services trade hotels restaurants financial (banking amp insurance) transport

Agriculture dairy poultry meat flower bulbs fruits amp vegetables wheat

Industry natural gas petroleum products bulk chemicals construction microelectronics fishing

Imports Machinery and

transport

equipment chemicals fuels f

oodstuffs

533

17766

93

67

7645

Major Import partners

EU

Germany

Belgium

China

UK

US

France

Imports

Exports

56

18

8

1 6

47

Major export partners

EU Germany Belgium China United Kingdom US France

Exports machinery and transport equipment chemicals fuels processed food amp tobacco

Currency Exchange Rates

Exchange rateseuros (EUR) per US dollar - 06734 (2008 est) 07345 (2007) 07964 (2006) 08041 (2005) 08054 (2004)

The Netherlands is a majorproducer of cut flowers

bullThe Netherlands largely dominates this industry more than 60 of the international trade

bullThe Netherlands has a good and functional trade system to facilitate the movement of Cut Flowers which form a majority of the flowers that are traded

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 6: Victor harris bus 245 power point

Imports Machinery and

transport

equipment chemicals fuels f

oodstuffs

533

17766

93

67

7645

Major Import partners

EU

Germany

Belgium

China

UK

US

France

Imports

Exports

56

18

8

1 6

47

Major export partners

EU Germany Belgium China United Kingdom US France

Exports machinery and transport equipment chemicals fuels processed food amp tobacco

Currency Exchange Rates

Exchange rateseuros (EUR) per US dollar - 06734 (2008 est) 07345 (2007) 07964 (2006) 08041 (2005) 08054 (2004)

The Netherlands is a majorproducer of cut flowers

bullThe Netherlands largely dominates this industry more than 60 of the international trade

bullThe Netherlands has a good and functional trade system to facilitate the movement of Cut Flowers which form a majority of the flowers that are traded

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 7: Victor harris bus 245 power point

Exports

56

18

8

1 6

47

Major export partners

EU Germany Belgium China United Kingdom US France

Exports machinery and transport equipment chemicals fuels processed food amp tobacco

Currency Exchange Rates

Exchange rateseuros (EUR) per US dollar - 06734 (2008 est) 07345 (2007) 07964 (2006) 08041 (2005) 08054 (2004)

The Netherlands is a majorproducer of cut flowers

bullThe Netherlands largely dominates this industry more than 60 of the international trade

bullThe Netherlands has a good and functional trade system to facilitate the movement of Cut Flowers which form a majority of the flowers that are traded

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 8: Victor harris bus 245 power point

Currency Exchange Rates

Exchange rateseuros (EUR) per US dollar - 06734 (2008 est) 07345 (2007) 07964 (2006) 08041 (2005) 08054 (2004)

The Netherlands is a majorproducer of cut flowers

bullThe Netherlands largely dominates this industry more than 60 of the international trade

bullThe Netherlands has a good and functional trade system to facilitate the movement of Cut Flowers which form a majority of the flowers that are traded

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 9: Victor harris bus 245 power point

The Netherlands is a majorproducer of cut flowers

bullThe Netherlands largely dominates this industry more than 60 of the international trade

bullThe Netherlands has a good and functional trade system to facilitate the movement of Cut Flowers which form a majority of the flowers that are traded

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 10: Victor harris bus 245 power point

Culture

bullAppearance is

important in Dutch

culture

bullHandshake is common

form of introduction

bullPunctuality is vital in

business amp social

settings

bullDisplays of wealth is

disliked by Dutch

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 11: Victor harris bus 245 power point

Social Problems and Control

bullDrugsbullProstitutionbullDiscrimination against religious minorities and some immigrant groups regarding employment

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 12: Victor harris bus 245 power point

Taxes

1 Corporation income tax2 Tax Treaties-

bull reduce the US taxes of residents of foreign countries

bull taxed at a reduced rate3 Foreign Account Tax Compliance Act

(FATCA)bull increase information reporting by

foreign financial institutions non-financial foreign entities and certain US persons holding financial assets outside the United States

4 Personal Income tax

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 13: Victor harris bus 245 power point

More info about the Netherlandshellip

YouTube ldquoThe Netherlands amp The Dutch Culturerdquo httpwwwyoutubecomwatchv=1DqMQM5i2Y8ampfeature=relatedYouTube ldquoGlobal Business Tips The Netherlandsrdquohttpwwwyoutubecomwatchv=4MMbAzlQS-Y

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012

Page 14: Victor harris bus 245 power point

Thank you for your time

By Victor HarrisBus 245 Global Business

Spring 2012