DAFT

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]

For other uses, see Daft (disambiguation).

Implications for US Entrepreneurs

The 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, 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 extended. The treaty is valid for all US Americans who are opening a business in the Netherlands or its territories. [5]

Implications for Dutch Traders and Investors

The treaty allows Dutch traders and 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.[6]

References
  1. "Netherlands Friendship, Commerce, and Navigation Treaty". Retrieved 13 July 2016.
  2. "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.
  3. "Treaty Countries". Retrieved 13 July 2016.
  4. "Treaty Traders and Treaty Investors-E VISAS". Archived from the original on 15 August 2016. Retrieved 13 July 2016.
  5. "Investor Visas: Netherlands". Library of Congress. Retrieved 13 July 2016.
  6. "Treaty Traders and Treaty Investors-E VISAS". US Embassy in Amsterdam. Archived from the original on 15 August 2016. Retrieved 13 July 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.