In order to help SME entrepreneurs affected by the corona crisis, the rules for the SME Credit Guarantee Scheme (Borgstelling MKB-kredieten, BMKB) have been relaxed. This adjusted regulation is called the BMKB-C. The measure allows businesses to borrow money from the bank under more favourable conditions, for example in order to be able to continue…
Several banks have announced to spare smaller entrepreneurs Smaller businesses that are fundamentally sound will be granted a maximum six-month grace period on their current loans of up to EUR 2.5 million. These are customers of ABN AMRO, ING, Rabobank, Volksbank and Triodos Bank.This measure is intended to give smaller enterprises some air and is…
Two extensions apply here: 1) Since 1 January, employers pay a low WW (unemployment benefit) premium for permanent contracts and a high WW premium for flexible contracts as a result of the Labour Market in Balance Act (Wab). On 9 December 2019, the Minister of SZW announced that employers will have until 1 April 2020…
Employers who wish to qualify for the temporary Emergency Measure Bridging Employment (NOW) can submit an application to the UWV from Monday 6 April at 9.00 a.m. onwards. The UWV expects tens of thousands of applications per day. Maintaining employment in difficult times The NOW scheme is intended to retain as many jobs as possible…
If you are a director of a private limited company (Besloten Vennootschop or BV) and you own at least 5% of the shares in this limited company then you have to pay yourself a customary salary. The height of the salary depends on your situation, but in principle it is at least € 46,000 (in…
The Guarantee Entrepreneur Financing (GO) is one of the government’s measures to support entrepreneurs during the corona crisis. What is the GO scheme? The GO scheme stands for Guarantee Enterprise Financing. The scheme is for companies that have problems obtaining a loan from the bank. With the GO scheme, the government helps companies (SMEs and…