Loan of working capital for entrepreneurs at the border (Tozo)

Are you an entrepreneur who lives abroad, has established a business in the Netherlands, and is having financial problems because of the corona crisis? If so, you can apply for a loan to be used for your working capital. However, you must meet certain conditions. If you are unable to immediately submit your application because our website is busy, please try again later.

This financial relief measure is part of the temporary benefit for self-employed persons (Tozo) measure. All entrepreneurs in the Netherlands who live abroad, whose company is located in the Netherlands, and who want to apply for a loan of working capital can submit their application on this page.

Questions? Call or e-mail us!

If you have any questions, call +31 (0)43 350 60 30 or e-mail bedrijfskapitaalgrensondernemers [at] maastricht.nl. We are trying to answer everyone as quickly as possible.

Extended until 1 October 2020

At first, the Temporary benefit for self-employed persons (Tozo) measure ran until 1 June but this deadline has now been extended. The extended benefit measure (Tozo 2) runs from 1 June to 1 October 2020. For the loan of working capital, a change has been made in the conditions. You must declare that no suspension of payment or bankruptcy has been requested or received for you, your business, or one of the partners with whom you work. If this is the case, however, you will not be eligible for a Tozo loan to be used for your working capital after 1 June.

Before you apply

Before you apply for the scheme, we strongly advise you to first visit the Dutch government’s website (only available in Dutch) to see whether you are eligible for this scheme! 

What do you need to submit an application?

  • A DigiD or another means of logging in which is recognized in Europe.
  • A citizen service number (BSN)
  • A Dutch bank account number (IBAN)
  • A financial overview of the loss you have suffered as a consequence of the corona crisis (preferably a liquidity forecast)

Conditions

If you meet the conditions stated below, you – as an entrepreneur who lives outside the Netherlands but has their business in the Netherlands or vice versa – may apply for a loan to be used for your working capital.

  • You are 18 years or older.
  • You live in the EU, EEA of Switzerland.
  • You have a business in the Netherlands.
  • You meet the legal requirements for operating your own business, including being listed in the Commercial Register of the Chamber of Commerce, and your company was registered as of 17 March 2020.
  • You work at least 1,225 hours annually (23.5 hours per week) in your own business or self-employed profession.
  • We assume that you will fill in all information completely and truthfully. We will conduct spot checks to investigate whether the financial support has been rightfully provided.
  • From 1 June: You have requested or received no suspension of payment or bankruptcy for you, your business, or one of the partners with whom you work. If this is the case, however, you will not be eligible for a loan to be used for your working capital under Tozo 2.

What does the support consist of?

You can apply for an interest-bearing loan of up to €10,157 for working capital to reduce your liquidity problems. The maximum of €10,157 applies for the Tozo 1 and Tozo 2 measures jointly. The interest rate of this loan is 2%. The loan must be repaid over a period of at most three (3) years, with payments starting only from 1 January 2021.

We aim to process your request with four (4) weeks. In any case, you will receive a message from us within eight (8) weeks.

Who can apply?

Entrepreneurs who live abroad, have established their company in the Netherlands, and are suffering demonstrable financial damage because of the corona crisis.

Income support for living expenses

Entrepreneurs who live across the border and have established their business in the Netherlands are not eligible for income support for living expenses in the Netherlands. For this support, they can apply to their country of residence. At the European level, agreements have been made that the country of residence is responsible for providing income support (also called social assistance). In Belgium, the Public Social Welfare Centre (OCMW) can provide more information about this; in Germany, please consult the Jobcenter. In each country, certain conditions apply for the receipt of social assistance.

In Belgium, the regular (more difficult) conditions for receiving subsistence income apply. Caution! This is the regular Belgian social welfare benefit which, in terms of conditions, is not comparable with the Tozo in the Netherlands. In the assessment of requests for subsistence income, the country in which the business of Belgian residents is located plays no role. This means that requests from persons who live in Belgium and have their business across the border (for example, in the Netherlands) will be considered via the regular procedure. In Germany, as well, the country in which the business of residents is located plays no role; requests from entrepreneurs at the border are handled via the regular procedure.

Residence in the Netherlands but company abroad

Entrepreneurs who live in the Netherlands with their business located across the border must appeal to the country in which their business is located for financial support of their business. In the Netherlands, they are only eligible for temporary income support for living expenses. This request must be made in the municipality where they reside.

Entrepreneurs who live in the municipalities of Beek, Brunssum, Eijsden-Margraten, Gulpen-Wittem, Landgraaf, Maastricht, Meerssen, (formerly) Nuth, (formerly) Onderbanken, Simpelveld, Sittard-Geleen, Stein, Vaals, Valkenburg aan de Geul, and Voerendaal can request income support via this page.

 

Warning for Tozo application intermediaries

Note: Currently, there are companies who are offering to assist entrepreneurs with their application for the Temporary benefit for self-employed persons (Tozo) This assistance is usually not free of charge and may have financial consequences. You as an entrepreneur do not have to incur any extra costs. We are happy to help you with your application.

More information about doing business in the border region

You can find information about doing business in the border region on the website of the Cross Border Information Point (in Dutch and German only), on the Netherlands Chamber of Commerce’s website (in Dutch only), and on the website (also in German and French) of the Dutch Social Insurance Bank (SVB)