Government support for entrepreneurs

Insolvency

This information is provided by: Netherlands Enterprise Agency

If you own a company in the Netherlands that is unable to pay their staff's wages or taxes, this could mean permanent insolvency. If that company has corporate (legal) personality with limited liability and pays corporate tax, be sure to report your company's state of insolvency to the Dutch Tax and Customs Administration (Dutch) or the Dutch Employee Insurance Agency (Uitvoeringsinstituut Werknemersverzekeringen, UWV) as soon as possible. By doing so you may prevent personal liability.

Transferral of payment obligation when bankrupt

If your company has been declared bankrupt, is being managed by an official receiver and has requested permanent insolvency from a court of law, part of their payment obligations may be transferred to UWV. This could apply to wages due or wages with regard to your staff's notice period. However, to be eligible, you must first apply for a dismissal permit from UWV. They subsequently invite your employees to apply for unemployment benefit due to insolvency.

Company takeover prior to bankruptcy

If your company is being taken over prior to its bankruptcy, the new owner continues to employ and pay your staff.

This information is provided by:

Netherlands Enterprise Agency