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Compensation of transition payment for SMEs ending their business

This information is provided by

Netherlands Enterprise Agency, RVO

Effective date: 1 January 2021

What changes?

Do you own a small or medium business and do you plan to end your business due to retirement or illness? From 2021, you may get compensation for the transition payment you have to pay your employees. The compensation can still be awarded if your business ends because you die.

For whom?

  • entrepreneurs ending their business because of illness or retirement
  • businesses that end when the owner dies

When?

The change in law is expected to come into effect on 1 January 2021.

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Questions relating to this article?

Please contact the Netherlands Enterprise Agency, RVO

This information is provided by

Netherlands Enterprise Agency, RVO