Welcome - Already a member? Sign in

 Site Map My Trips My Profile Customer Support Feedback
TRAVELLER TOOLS
Airport Guides
Arrivals/Departures
Flight Timetables
Currency Converter
Destinations
Weather
Get deals via email
Health & Safety
Passport/ Visa

The World  
Europe  
Amsterdam  
Business

  Amsterdam, Business

Business Profile: Amsterdam likes to see itself as being at the heart of Europe and its location does give it easy access to a number of major European markets. European Cities Monitor recognised the Dutch capital as one of the top five business locations in Europe in 2002.

The country has suffered as a whole during the global downturn but has not yet endured problems on anything approaching the scale of Germany’s predicament, despite its close economic ties with this neighbour. In fact, Germany is the Netherlands’ biggest trading partner, with 25% of import and export trade, while other major players include Belgium, Luxembourg, France and the UK. On average, approximately 70–100 foreign companies set up in the Netherlands every year. They are attracted by Amsterdam’s prime position within Europe, with excellent international connections from the ever‐expanding Schiphol airport and Amsterdam port, a strong infrastructure, a multilingual workforce, a stable political and economic climate and business‐friendly policies.

Major companies with a presence in Amsterdam include ABM Amro Bank, Phillips and Shell, with IBM, Sony and Canon all having their European headquarters in the city. It is fitting in a city that was home to the world’s first ever public stock exchange that finance is a major part of the business world, with the financial sector employing approximately 8% of Amsterdam’s workforce and some 70 banks having a presence in the city. After finance, fashion and flowers are key sectors. Of all Amsterdam’s exports, tulips are probably the most famous. In terms of exports, fresh flowers are a large market and Heineken is the largest export brewery in the world, with sales to 150 countries. Heineken was one of the few major European breweries to offer positive results for 2002. Over the last 20 years, Amsterdam has also emerged as a strong base in advanced technological industries, computing, telecommunications and biotechnology.

One key industry currently facing difficulties is tourism, with both the lucrative North American and Japanese markets suffering due to the instability in the Middle East. Unemployment levels have risen slightly in Amsterdam recently, with city‐wide unemployment running at a rate of 5.7% by the end of 2002, still lower than the national average of 6.9%.

The facilities provided for businesses in Amsterdam are extensive. The Amsterdam RAI International Exhibition & Congress Center, Europaplein 8 (tel: (020) 549 1212; fax: (020) 646 4469; e‐mail: mail@rai.nl; ), is one of the country’s largest and one of the world’s leading convention centres. Business activity in Amsterdam is largely focused around the city centre, although also important are the port area and the new business parks on the city fringes. Commercial information is available from the Amsterdam Chamber of Commerce and Industry (tel: (020) 531 4000; fax: (020) 531 4699; e‐mail: post@amsterdam.kvk.nl; ) and from Amsterdam Promotion Foundation ().

Business Etiquette: Business hours are Monday to Friday 0900–1700. The Dutch pride themselves on their efficient use of time, so punctuality is important. Dutch business associates should be addressed by their full name and title and not by their first name, unless they are much younger or have indicated that it is all right to do so. Most Dutch executives speak English, so it is not essential to have business cards translated into Dutch. However, it is important to have promotional material and instruction manuals translated into Dutch. It is a good idea for visiting businesspeople to put the date their company was founded (if it was a long time ago) and university degree details on their cards, as the Dutch respect history and education.

While the Dutch wear suits for business meetings, smart‐casual wear is worn on social occasions. Business lunches and appointments in the evening are rare. If invited to the home of an associate, guests should bring flowers. If given a present, it is customary to unwrap it immediately.