The Dutch-American Friendship Treaty (also known as DAFT or Dutch American Residency Treaty) is an agreement between the United States and the Netherlands signed into law at The Hague on March 27, 1956.[1] The treaty is a treaty of friendship, commerce and navigation with protocols. The treaty allows US Entrepreneurs to acquire Dutch residency for the purpose of starting a business. The treaty also allows Dutch traders and investors to enter the US and engage in business in the US.[2][3][4]
Implications for US Entrepreneurs
editThe treaty makes it easier for US Entrepreneurs to open businesses in The Netherlands. It lowers the amount of needed investment capital from €27,000 to €4,500,[citation needed] frees US Entrepreneurs from the points-based test, and removes the benefit to Dutch national interests requirement. The residency permit is good for two years, after which it can be renewed for five years. The treaty is valid for all US citizens who are opening a business in the Netherlands or its territories. [5] The visa can be granted whether the applicant starts a Dutch corporation ("Besloten_vennootschap") or a sole proprietor entity ("nl:Eenmanszaak").[6]
As of 2024, the Dutch immigration authorities (IND) have adopted an expedited DAFT application process. The IND has chosen for a method of random checks after the application instead of during the process. This means the DAFT visa usually is issued within 4-6 weeks after the application has been submitted. The applicant must at all times obtain the required financial information and keep it in their file.[7]
Implications for Dutch Traders and Investors
editThe treaty allows Dutch traders, executives and specialized employees to enter the US with the E1 or E2 visa. The E1 visa is for traders whereas the E2 visa is for investors.[8]
References
edit- ^ "Netherlands Friendship, Commerce, and Navigation Treaty". Retrieved 13 July 2016.
- ^ "E-1 Treaty Traders". Retrieved 13 July 2016.
The E-1 nonimmigrant classification allows a national of a treaty country (a country with which the United States maintains a treaty of commerce and navigation) to be admitted to the United States solely to engage in international trade on his or her own behalf.
- ^ "Treaty Countries". Retrieved 13 July 2016.
- ^ "Treaty Traders and Treaty Investors-E VISAS". Archived from the original on 15 August 2016. Retrieved 13 July 2016.
- ^ "Investor Visas: Netherlands". Library of Congress. Retrieved 13 July 2016.
- ^ "Dutch-American Friendship Treaty (DAFT)". Retrieved 16 December 2023.
- ^ "Cardon & Company - The Dutch American Friendship Treaty visa for American immigrants in 5 steps". www.cardon.nl. Retrieved 2024-08-17.
- ^ "Treaty Traders and Treaty Investors-E VISAS". US Embassy in Amsterdam. Archived from the original on 15 August 2016. Retrieved 13 July 2016.