The Dutch-American Friendship Treaty (also known as DAFT or Dutch American Residency Treaty) is an agreement between the United States and the Netherlands signed into law at The Hague on March 27, 1956. The treaty is a treaty of friendship, commerce and navigation with protocols. The treaty allows US Entrepreneurs to acquire Dutch residency for the purpose of starting a business. The treaty also allows Dutch traders and investors to enter the US and engage in business in the US.