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Sander Groen on the DAFT Permit
The Dutch American Friendship Treaty (DAFT) allows American nationals to establish themselves in the Netherlands under favourable conditions as an entrepreneur. Under the DAFT, American nationals need to establish a company in the Netherlands. This can be a one men business, general partnership (‘vennootschap onder firma’) or limited liability company (‘besloten vennootschap’). Required for the DAFT permit is that a ‘substantial capital’ of EUR 4,500 is invested in the company. Sander Groen wrote an annotation about the condition of ‘substantial capital’ (in Dutch).