Belgium may seem like a suitable option for starting a company for many reasons. This country provides many opportunities for doing business in European markets. It also takes care of preserving and improving favorable conditions for entrepreneurs from various industries.
Basic forms of legal entities
You can register and work in Belgium with the following legal forms:
Limited Liability Company (BV/SRL) – this entity is the most common. Its founders (shareholders) are liable only within the limits of the invested sums. For this form, the minimum threshold for share capital is missing.
Public limited liability company (NV/SA) – a company that can operate as a large business that intends to enter the stock exchanges. The minimum share capital threshold in this case is 61,500 Euros.
General partnership – this legal entity can be established by two or more individuals who jointly operate under one name. This partnership has no minimum share capital threshold. All partners jointly make all decisions and bear unlimited liability for them. In case of liquidation, even the personal property of the partners may be affected.
Limited Partnership – the partnership may be formed by (i) managing partners who manage the business, make decisions and have unlimited liability for the obligations of the partnership, including within their personal assets, and ( invisible) partners whose liability is limited to the amount of funds contributed and their personal assets are not affected by a possible liquidation procedure. There is no requirement for a minimum share capital threshold.
Requirements and steps to set up a company in Belgium
If you intend to establish a company in Belgium, the procedure for establishing a legal entity looks like this:
Develop your business plan.
Collection of all mandatory data for the founders, beneficiaries and managers of the future enterprise.
Choice of the most preferred legal form, its organizational structure, seat and name of the future company.
Opening a bank account for depositing the share capital.
Preparation of the founding act, memorandum and articles of association with subsequent notarization (maybe with an electronic signature) of the documents.
Completing the necessary application forms.
Submission of all the above documents to Crossroads Bank for Enterprises for registration in the Belgian Companies Register.
Registration for the purposes of taxation and payment of insurance contributions.
Obtaining licenses and any other necessary permissions (optional).
Legal framework
The main legal act that regulates the business activities of Belgian companies – the Belgian Code of Companies and Associations. In general, local legislation encourages investment and entrepreneurship.
Advantages of Jurisdiction
These are the main advantages of Belgium as a potential jurisdiction for your business:
Political and economic stability
Transparent environment
Skilled and experienced workforce
Plenty of incentives for innovation, intellectual property and research and development
No currency control
Tax system
The Belgian tax system can be broadly characterized as follows:
Effective Double Taxation Agreements
Corporate income tax rate – 25%
Tax on capital gains – 25%
VAT rate – 21%
CREATE A COMPANY
Check and reserve a company name
Company registration, including state fees
Legal address for 1 year
Nominal service for 1 year
Account Discovery
Set of statutory documents of the company in electronic form
Contribution to the authorized capital of the company
VAT registration
Obtaining a Foreign Investment Permit
Opening an account in: NIBC DIRECT, BELFIUS, EUROPABANK
Opening a personal bank account
Apostilled and translated corporate documents
Support for obtaining a residence permit
Free consultation
Help with online trading and opening an account at viva.com for online trading
Accounting services - 12 months
Annual renewal (payable from the second year)
*Within 30 days
IMPORTANT! We can provide you with the initial share capital (if the amount is over EUR 5,000) for the registration of your company in the form of a loan from our company.
Please, if you are interested, make an inquiry to us.
What is the procedure!
1. You submit a request for company registration using the request form.
2. We check if the registration company name is free and eligible for registration.
3. Choose a bank that suits your company's needs from a list of Smart Startup UK partner banks provided.
4. We send you a proforma payment invoice to pay to our bank account + the initial capital amount of your company.
5. You receive all necessary company documents for verification.
6. You receive details of your newly opened bank account.
7. In the specified period (for Belgium it is 30 days), you receive all the services included in the package.
8. You can manage through our platform all the services included in the package, as our team works 24/7 and you can get help from us within up to 30 minutes. We have built an internal ticketing system for our customers through which we process your every support request.
All services like management, accounting, request to open bank accounts, licensing, filing tax returns, paying taxes and more are done through your account on our platform, it makes it easy managing your business!
