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Older self-employed professionals working in the Netherlands, who need to terminate or sell their business, may be eligible for a benefit under the Older and Partially Disabled (Formerly Self-Employed) Persons Income Support Act (Wet inkomensvoorziening oudere en gedeeltelijk arbeidsongeschikte gewezen zelfstandigen, IOAZ, in Dutch). In exceptional cases, partially disabled self-employed persons may also be eligible for an IOAZ benefit.
In order to be eligible for an IOAZ benefit (in Dutch), you must at least satisfy the following conditions:
- You are between 55 years old and the State Pension age.
- You meet the time criterion for the entrepreneur's allowance.
- You have worked during the last 10 years and have been a self-employed professional for at least 3 years.
- You have applied for the benefit before closing down or selling your business.
How to apply
Submit your application for the IOAZ benefit to the social affairs division of your local municipal authority.