(Bloomberg) -- Uber Technologies Inc. has found a larger office for its international headquarters in Amsterdam’s cramped market.

The tech company will rent two thirds of the 45,000 square-meter (148,000 square-foot) Tripolis complex located in the business district in the south of Amsterdam, starting in 2022, Uber said in a statement on Thursday. The company has an option to rent more space in the years to come as it increases employee numbers.

Uber’s workforce in the Dutch capital is growing exponentially to staff new services such as Jump electric bikes and Uber Freight, the company said. Employee numbers in its current office, about 5 kilometers away from the new building, have grown to about 1,500 from 400 since 2017. Before moving into the new office, Uber will temporarily lease a 600-seat office to accommodate new hires, the company said.

The U.S. company, which has 27,000 employees globally in more than 700 cities, established its international headquarters in 2012 in Amsterdam. Low-tax countries like the Netherlands -- where taxes on intangible property like royalties can be taxed at 7% -- are popular locations for global companies.

Read more about Uber’s tax strategy in the Netherlands here.

While it’s predicting growth in Amsterdam, San Francisco-based Uber has been reducing its spending overall, cutting more than 1,000 employees and abandoning some unprofitable units last year. The company has forecast its first-ever quarterly profit by the end of 2020.

To contact the reporter on this story: Ruben Munsterman in Amsterdam at rmunsterman1@bloomberg.net

To contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Amy Thomson, Nate Lanxon

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