WBSO: Save money on hiring developers with government support
Creation of a valuable business requires a lot of effort and money. Especially, if you are interested in team of professionals in the fields of technology or engineering. However, it is nice to remember that the Dutch government actively supports local enterprises with grants like the WBSO subsidy.
What exactly is the WBSO subsidy?
The WBSO stands for the “Research and Development tax credit”. This subsidy helps companies to reduce wage tax, national insurance contributions and other costs of the innovation projects. The grant is provided by the Ministry of Economic Affairs and Climate Policy to entrepreneurs who plan to invest in research and development.
For whom is the WBSO?
The WBSO subsidy is intended for the companies registered at the Dutch Chamber of Commerce and who hire researchers for R&D projects. To be able to apply for the WBSO a company should meet several requirements:
- It should experience new technological development accompanied by technological problems
- the R&D activities should not be started yet
- the R&D activities should be organized inside the company
More information about the official conditions of eligibility can be found on the website of the Netherlands Enterprise Agency. However, it is also possible to scan your profile on our website and get an immediate advice from the specialists.
Why do you need the WBSO subsidy?
The WBSO grant can help entrepreneurs with the technical aspects of production and development. A company can apply for the WBSO if it manages the majority of the technical solutions itself or it wants to test the prototype. Therefore, the WBSO subsidy is suitable for every type of company. However, it is most widely used among enterprises in the IT sector or manufacturing industry. The subsidy gives benefits of reduced wage taxes or other R&D expenditures (including costs incurred for machine hours or prototypes). The grant is especially valuable for startups.
What is happening after the grant is received?
In addition to maintaining an hour administration, you should be able to provide information about the WBSO costs incurred. You have to report once a year how many hours and costs you have incurred in total and which employees have worked on the projects.
Apply for the WBSO subsidy! It is a good opportunity for your business to grow. Although, if you are not sure about the necessary application steps and need help you can get in touch with us and we will guide you through the whole process.
