UK Businesses turning to Amsterdam after Brexit vote

By Janene Pieters on June 27, 2016 - 09:13
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I Amsterdam sign in rainbow colors to celebrate the 15th anniversary of marriage equality in the Netherlands, 1 Apr 2016 (Photo: @iamsterdam/Twitter). (I Amsterdam sign in rainbow colors to celebrate the 15th anniversary of marriage equality in the Netherlands, 1 Apr 2016 (Photo: @iamsterdam/Twitter))

Britain's decision to leave the European Union may give Amsterdam a boost as Europe's international business center. Even in the run-up to the Brexit referendum, a number of companies decided to head to the Dutch capital, a spokesperson for Amsterdam's Economic Affairs alderman Kasja Ollongren said to the Volkskrant.

According to the spokesperson, several Asian financial sector companies currently settled in London are interested in crossing the North Sea. They want to transfer a large part of their activities to Amsterdam and offer their service to mainland Europe from there. The spokesperson said that these companies hope to avoid the years of uncertainty over labor laws, taxes, exchange rates and the stability of the British economy entailed in the Brexit.

Boudewijn Poldermans, a coach for Chinese investors in Europe, confirms this image to the Volkskrant. "Until Friday morning, London was the financial capital of the world, but because of the Brexit that position is completely undermined for the coming years."

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