For starting entrepreneurs it is important to think out the business plan financially. Therefore do not forget these subsidies and schemes!
What are subsidies and schemes for starting entrepreneurs?
Subsidies and schemes for starting entrepreneurs are financial benefits that the government creates for entrepreneurs in the Netherlands. In this way the government tries to stimulate the economy and to keep the business climate favorable. As an entrepreneur it is therefore important to delve into the possibilities. Below we list a number of important subsidies and schemes in the Netherlands.
Subsidies and schemes for starting entrepreneurs: assistance self-employed
For all self-employed entrepreneurs there is the possibility to make use of the Decree on assistance to self-employed persons (Bbz) at the municipality or province. According to this law there are possibilities for financial support: from loans to general supplements to income. A condition for this is that you work at least 1225 hours a year for your company and your income is below the social assistance level. This arrangement is also only possible if you do not already receive assistance through another institution.
Subsidies and schemes for starting entrepreneurs: guarantee SME loan
If you are an entrepreneur in small and medium-sized businesses, it is possible to apply for a guarantee on part of the credit. This means that you can borrow more from the bank than usual. If something goes wrong, the bank can rely on the guarantee for SME loans (BMKB) from the government. For the conditions and maximum amount of the loan you can visit the site of the Central Government.
Subsidies and schemes for starting entrepreneurs and scheme for disability
If you are incapacitated for work and want to set up a company, you can get help from the government. Think of a start-up credit, income supplementation or reimbursements for, for example, an interpreter. You can request the options for this from the UWV. To be eligible for this scheme, you must be entitled to benefits and the provisions must be necessary for starting a business.
Subsidies and schemes for starting entrepreneurs: start a business with unemployment benefits
If you now receive unemployment benefits and want to start for yourself, you can do so while maintaining your unemployment benefits. You can also request more information from the UWV for this scheme.
Microfinance and subsidies and schemes for starting entrepreneurs
Microfinance is a well-known scheme for many entrepreneurs. Microfinance was created to help starting entrepreneurs on their way and to create new opportunities. Microfinance concerns business loans up to a maximum of 50,000 euros (for amounts above that you can see whether you are eligible for SME credit). With microfinance you are also intensively guided in the process of starting a business. Microcredit Netherlands Foundation, Qredits, is also responsible for handling microfinance.
Subsidies and schemes for starting entrepreneurs: starters allowance
The start-up allowance is one of the most important schemes for starting entrepreneurs. The start-up allowance states that entrepreneurs may deduct three times extra money from the profit in the first five years that they do business. To be eligible for this you must be entitled to the self-employed person’s allowance. The benefits can amount to more than 2000 euros extra.
Which schemes or subsidies do you use as a starting entrepreneur? Share your experiences below.