The Netherlands, a country located in Northwest Europe, is bordered by the North Sea to the north and west, Belgium to the south, and Germany to the east. The Netherlands is divided into 12 provinces, with Amsterdam as the capital. The official language of the Netherlands is Dutch, and the currency is the euro (EUR).
Netherlands, the Dutch United Provinces, declared their independence from Spain in 1579. During the 17th century, they became a leading seafaring and commercial power, with settlements and colonies around the world. After a 20-year French occupation, a Kingdom of the Netherlands was formed in 1815. In 1830, Belgium seceded and formed a separate kingdom.
The Netherlands was a founding member of the North Atlantic Treaty Organization (NATO) and the European Economic Community (EEC) (now the European Union [EU]), and participated in the introduction of the euro in 1999.
The Dutch economy is noted for stable industrial relations, moderate unemployment and inflation, a sizable current account surplus, and plays an important role as a European transportation hub. A modern, industrialised nation, the Netherlands is also a large exporter of agricultural products. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanised agricultural sector employs only 2% of the labour force but provides large surpluses for the food-processing industry and for exports.
On 10 October 2010, the Caribbean Netherlands (i.e. the islands of Bonaire, Saint Eustatius, and Saba) became part of the Netherlands after the dissolution of the Netherlands Antilles. The islands, however, maintain a tax regime that is different than that of the mainland Netherlands (in Europe).
PwC is a leading professional service organisation in the Netherlands. Within PwC, we develop and implement custom solutions according to the needs of both domestic and international customers.