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Nearly 100 companies move to Netherlands ahead of Brexit

Published: August 26, 2019 13:39:23 | Updated: August 29, 2019 11:06:25


FILE PHOTO - A rootop view of Amsterdam from SkyLounge on the 11th floor of the DoubleTree by Hilton Hotel in Amsterdam April 2, 2013. REUTERS/Michael Kooren

Nearly 100 companies have relocated from Britain to the Netherlands or set up offices there to be within the European Union due to the United Kingdom’s planned departure from the bloc, a Dutch government agency said on Monday.

Another 325 companies worried about losing access to the European market are considering a move, the Netherlands Foreign Investment Agency said.

“The ongoing growing uncertainty in the United Kingdom, and the increasingly clearer possibility of a no deal, is causing major economic unrest for these companies,” said Jeroen Nijland, NFIA commissioner. “That is why more and more companies are orienting themselves in the Netherlands as a potential new base in the European market.”

The businesses are in finance, information technology, media, advertising, life sciences and health, Reuters reported citing the NFIA.

The Netherlands has been competing with Germany, France, Belgium and Ireland to attract Brexit-related moves.

Prime Minister Boris Johnson, who took office last month, has pledged to take Britain out of the European Union at the end of October with or without an exit deal.

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