Capital:              Brussels

Languages:       Dutch, French, German

Currency:          Euro (EUR)

OUR SERVICES;                      

• Consultation (in person, online, phone)
• Helping to prepare your documents
• Start to finish your company registration process
• Immigration services

 

Belgium, located in Western Europe, is a small but diverse country with a population of approximately 11.6 million people. Its official languages are Dutch, French, and German, reflecting the country’s historical and cultural influences.

Culture:
Belgium is renowned for its rich cultural heritage, particularly its architecture, art, and gastronomy. The country boasts of well-preserved medieval towns, including Bruges and Ghent, which attract tourists from all over the world. Belgium is also home to a thriving contemporary art scene, with museums and galleries displaying works by renowned artists such as René Magritte and Paul Delvaux. Belgian cuisine is world-famous, particularly for its chocolate, waffles, and beer.

Economy:
Belgium has a diversified and highly developed economy, with a focus on service industries such as finance, telecommunications, and tourism. It is also one of the world’s leading producers of diamonds, and the country has a thriving manufacturing sector, particularly in the production of chemicals, textiles, and pharmaceuticals. Belgium is also a founding member of the European Union and hosts the headquarters of the European Union and NATO, making it an important center of international politics and diplomacy.

Politics:
Belgium is a federal parliamentary democracy under a constitutional monarchy, with the King serving as the ceremonial head of state. The country is divided into three regions: Flanders in the north, Wallonia in the south, and Brussels, which serves as the capital and is a separate region of its own.

Population:
Belgium is a relatively small country, with a population of approximately 11.6 million people. The largest cities are Brussels, Antwerp, and Ghent. The country has a diverse population, with ethnic minorities including Moroccans, Turks, and Congolese, among others.

In conclusion, Belgium is a small but culturally rich and economically developed country in Western Europe. Its diverse population, multilingualism, and historical influences have created a unique and vibrant society that is well worth exploring.

 

Central location: Belgium is situated in the heart of Europe, making it an ideal location for companies looking to do business in the European market.

Ease of doing business: Belgium has a straightforward and efficient company registration process, with the entire process taking around one week.

Tax benefits: Belgium offers a favorable tax system for companies, with a corporate tax rate of 25% and numerous tax deductions and credits available.

Skilled workforce: Belgium has a highly skilled and educated workforce, with a strong emphasis on innovation and technology.

Access to funding: Belgium offers access to a range of financing options for businesses, including grants, loans, and venture capital.

Quality of life: Belgium has a high standard of living and offers an excellent quality of life for employees and their families.

Infrastructure: Belgium has a well-developed infrastructure, including modern transportation networks, telecommunications, and a reliable energy supply.

Multilingual workforce: Belgium is a multilingual country, with three official languages: Dutch, French, and German. This makes it an ideal location for companies looking to expand into multiple markets.

 

Types of companies in Belgium

 

Public Limited Company (NV/SA) – This type of company is suitable for businesses that wish to raise capital by offering shares to the public. It requires a minimum share capital of €61,500 and at least two shareholders.

Private Limited Company (BV/SRL) – This is the most common type of company in Belgium and is suitable for small and medium-sized businesses. It requires a minimum share capital of €18,550 and at least one shareholder.

Partnership Limited by Shares (CommV/SCA) – This type of company is a hybrid between a public limited company and a partnership. It requires a minimum share capital of €61,500 and at least two partners.

Cooperative Company (CVBA/SCRL) – This type of company is suitable for businesses that are owned and controlled by their members. It requires a minimum share capital of €18,550 and at least three members.

Sole Proprietorship (eenmanszaak/entreprise individuelle) – This is the simplest form of business in Belgium and is suitable for self-employed individuals. There is no legal distinction between the owner and the business, and the owner is personally liable for any debts or obligations of the business.

European Company (SE) – This type of company allows businesses to operate in multiple European countries under a single legal entity. It requires a minimum share capital of €120,000 and at least two shareholders.

Non-Profit Organization (VZW/ASBL) – This type of company is suitable for charitable, social, and cultural organizations. It requires at least three members and is not allowed to distribute profits to its members.

 

Types of banks in Belgium and their benefits as of 2023:

 

Retail banks: These are traditional banks that offer a wide range of financial services to individuals and small businesses, such as checking and savings accounts, loans, mortgages, and credit cards. Some of the major retail banks in Belgium include Belfius, KBC, ING, and BNP Paribas Fortis.

Investment banks: Investment banks provide services such as underwriting, M&A advice, and securities trading to large corporations, institutional investors, and governments. Some of the leading investment banks in Belgium include JPMorgan Chase, Deutsche Bank, and Goldman Sachs.

Private banks: Private banks offer wealth management services to high net worth individuals and families, including investment advice, portfolio management, and estate planning. Examples of private banks in Belgium include ABN AMRO Private Banking, Banque de Luxembourg, and Puilaetco Dewaay Private Bankers.

Islamic banks: Islamic banks operate according to Sharia law, which prohibits charging interest and investing in industries such as gambling, tobacco, and alcohol. Instead, they use profit-sharing agreements and other non-interest-based financial instruments. Some of the Islamic banks operating in Belgium include Kuwait Finance House and Al Baraka Bank.

Online banks: Online banks provide a range of financial services through digital platforms, including mobile apps and websites. They typically have lower fees and higher interest rates than traditional banks, but may not offer the same level of personal service. Some of the online banks operating in Belgium include N26, Revolut, and Aion Bank.

 

The company registration process in Belgium 

 

Choose a legal structure: The first step is to decide on the legal structure of your business. You can choose between a sole proprietorship, a partnership, a limited liability company (LLC), or a public limited company (PLC).

Reserve a company name: Once you have chosen a legal structure, you will need to reserve a company name. This can be done online through the Belgian Official Gazette website.

Draft the Articles of Association: The Articles of Association outline the rules and regulations of your company. This document must be drafted in either Dutch, French or German.

Notarize the Articles of Association: The Articles of Association must be notarized by a Belgian notary.

Register your company with the Belgian Commercial Register: After notarizing the Articles of Association, the notary will submit them to the Belgian Commercial Register, which is managed by the Belgian Federal Public Service Economy.

Register for VAT: If your business is required to charge VAT, you will need to register with the Belgian VAT administration.

Register for social security: If you plan to hire employees, you will need to register for social security with the Belgian National Social Security Office.

 

Common Questions 

 

What are the requirements to register a company in Belgium?
To register a company in Belgium, you will need to have a legal entity, a registered office address, at least one director, and a minimum share capital.

What types of business structures are available in Belgium?
The types of business structures available in Belgium include a sole proprietorship, a partnership, a private limited company (BVBA/SPRL), a public limited company (NV/SA), and a cooperative.

What are the advantages and disadvantages of each type of business structure in Belgium?
The advantages and disadvantages of each type of business structure in Belgium depend on various factors such as the size of the company, the amount of capital invested, and the level of risk involved. For example, a sole proprietorship is easy to set up but does not offer limited liability protection. On the other hand, a private limited company provides limited liability protection but requires a minimum share capital.

How long does it take to register a company in Belgium?
The registration process can take between two and four weeks depending on the type of company and the completeness of the application.

What is the process for registering a company in Belgium?
The process involves drafting the articles of association, obtaining a legal entity, opening a bank account, registering with the Belgian trade register, obtaining a VAT number, and obtaining any necessary permits or licenses.

What documents are needed to register a company in Belgium?
The documents required for company registration include the articles of association, proof of identity of the directors and shareholders, and the legal entity documents.

What is the minimum capital requirement for registering a company in Belgium?
The minimum share capital required for registering a private limited company in Belgium is €18,550, of which at least €6,200 must be paid up.

How can I obtain a Belgian VAT number?
To obtain a Belgian VAT number, you must register with the Belgian VAT authorities and provide proof of identity, a description of the business activities, and the legal entity documents.

Do I need a local registered address to register a company in Belgium?
Yes, a registered office address is required for the registration of a company in Belgium.

What are the tax implications of registering a company in Belgium?
The tax implications of registering a company in Belgium include corporate income tax, social security contributions, and value-added tax (VAT).

Can I register a company in Belgium as a foreigner?
Yes, foreign individuals and companies can register a company in Belgium.

Are there any restrictions on foreign ownership of companies in Belgium?
No, there are no restrictions on foreign ownership of companies in Belgium.

How can I obtain a work permit for Belgium if I am not a resident?
You must apply for a work permit through the Belgian embassy or consulate in your home country.

What are the annual compliance requirements for companies registered in Belgium?
The annual compliance requirements include filing annual financial statements, holding a general assembly of shareholders, and filing tax returns.

Can I register a company in Belgium without visiting the country?
Yes, it is possible to register a company in Belgium without visiting the country by appointing a local representative or using a virtual office service.

Can I open a bank account in Belgium as a non-resident company?
Yes, non-resident companies can open a bank account in Belgium.

What is the corporate tax rate in Belgium?
The corporate tax rate in Belgium is 25% for companies with a taxable income of up to €100,000 and 29.58% for companies with a taxable income above €100,000.

Are there any grants or subsidies available for new companies in Belgium?
Yes, there are several grants and subsidies available for new companies in Belgium. Some examples include the Starteo program, which provides financial assistance to start-ups, and the Walloon Region SME Growth Subsidy, which offers financial support to SMEs for growth and development.

What are the intellectual property laws in Belgium?
Belgium has a robust system for protecting intellectual property, including patents, trademarks, and copyrights. The laws governing intellectual property in Belgium are primarily based on EU law and international treaties, such as the Paris Convention for the Protection of Industrial Property and the Berne Convention for the Protection of Literary and Artistic Works.

How do I protect my intellectual property in Belgium?
To protect your intellectual property in Belgium, you can register your patents, trademarks, and copyrights with the Belgian Intellectual Property Office (OPRI). It’s also important to have proper documentation and contracts in place, such as non-disclosure agreements and licensing agreements, to protect your intellectual property rights.

What are the employment laws in Belgium?
Belgium has a comprehensive set of employment laws that cover areas such as working hours, wages, termination, and discrimination. Some key laws include the Labor Act, the Collective Bargaining Agreement Act, and the Working Time Act. Employers must also comply with EU regulations, such as the General Data Protection Regulation (GDPR).

Can I hire employees from outside of Belgium?
Yes, employers can hire employees from outside of Belgium, but they must obtain the necessary work permits and visas for their employees. The process can be complex and time-consuming, so it’s recommended to seek advice from an immigration lawyer or specialist.

What are the minimum wage requirements in Belgium?
The minimum wage in Belgium varies depending on the sector and job function, but the current minimum wage for full-time employees is €1,680 per month. This amount is adjusted annually based on the cost of living index.

How do I terminate an employee’s contract in Belgium?
Terminating an employee’s contract in Belgium must be done in accordance with Belgian employment laws, which include a notice period, severance pay, and just cause for termination. It’s recommended to seek legal advice before terminating an employee’s contract to ensure compliance with the law.

What are the requirements for filing annual financial statements in Belgium?
Companies registered in Belgium must file annual financial statements with the National Bank of Belgium within 30 days of their annual general meeting. The financial statements must comply with Belgian accounting standards and be audited by a licensed auditor.

Can I register a company in Belgium with a virtual office?
Yes, it is possible to register a company in Belgium with a virtual office, but the company must have a physical address for legal purposes. It’s recommended to seek advice from a company formation specialist to ensure compliance with Belgian law.

Are there any restrictions on the types of businesses that can be registered in Belgium?
There are no specific restrictions on the types of businesses that can be registered in Belgium, but certain industries may require specific licenses or permits. It’s recommended to seek advice from a company formation specialist to ensure compliance with Belgian regulations.

Can I register a non-profit organization in Belgium?
Yes, it is possible to register a non-profit organization in Belgium. Non-profit organizations must register with the Belgian Federal Public Service for Justice and comply with Belgian non-profit regulations.

Are there any specific regulations or requirements for certain industries in Belgium?
Yes, certain industries in Belgium may have specific regulations or requirements, such as licensing or permits. For example, the financial services industry is regulated by the Financial Services and Markets Authority (FSMA), while the pharmaceutical industry is regulated by the Federal Agency for Medicines and Health Products (FAMHP). It’s recommended to seek advice from a specialist

 

Top Universities in Belgium

 

KU Leuven
International Ranking: 45th
Website: https://www.kuleuven.be/english/
Location: Leuven, Belgium
Major Courses: Medicine, Engineering, Economics, Business, Law, and Theology.

Ghent University
International Ranking: 135th
Website: https://www.ugent.be/en
Location: Ghent, Belgium
Major Courses: Engineering, Medicine, Social Sciences, Law, Business, and Environmental Science.

Université catholique de Louvain (UCLouvain)
International Ranking: 171st
Website: https://uclouvain.be/en
Location: Louvain-la-Neuve and Brussels, Belgium
Major Courses: Law, Medicine, Engineering, Political Science, Philosophy, and Business.

Vrije Universiteit Brussel (VUB)
International Ranking: 195th
Website: https://www.vub.be/en/
Location: Brussels, Belgium
Major Courses: Medicine, Engineering, Political Science, Law, Business, and Communication.

Université libre de Bruxelles (ULB)
International Ranking: 221st
Website: https://www.ulb.be/en
Location: Brussels, Belgium
Major Courses: Law, Economics, Business, Medicine, and Social Sciences.

Universiteit Antwerpen
International Ranking: 301st-350th
Website: https://www.uantwerpen.be/en/
Location: Antwerp, Belgium
Major Courses: Business, Law, Medicine, Political Science, and Social Sciences.

Université de Liège (ULiège)
International Ranking: 351st-400th
Website: https://www.uliege.be/en/home
Location: Liège, Belgium
Major Courses: Medicine, Law, Engineering, Business, and Social Sciences.

Hasselt University
International Ranking: 501st-600th
Website: https://www.uhasselt.be/UH/Home-ENG.html
Location: Hasselt, Belgium
Major Courses: Engineering, Business, Medicine, and Social Sciences.

 

Top Recruitment Agencies in Belgium

 

Adecco: https://www.adecco.be/
Manpower: https://www.manpower.be/
Randstad: https://www.randstad.be/
Michael Page: https://www.michaelpage.be/
Robert Walters: https://www.robertwalters.be/
Hays: https://www.hays.be/
Walters People: https://www.walterspeople.be/
Experis: https://www.experis.be/
Unique: https://www.unique.be/
Axis Career: https://www.axiscareer.com/

 

Essential comments for newcomers to Belgium

 

Language: The official languages in Belgium are Dutch, French, and German. It is essential to learn the language of the region where you are living to integrate into the local culture.

Healthcare: Belgium has a high-quality healthcare system, and it is compulsory to have health insurance. You can either opt for public or private health insurance.

Culture: Belgium has a diverse culture, with different regions having their customs and traditions. You can explore the local culture by attending festivals, museums, and cultural events.

Transportation: Belgium has an excellent public transportation system, including buses, trams, metros, and trains. You can also consider getting a bike to travel around the city.

Housing: Finding a place to live in Belgium can be challenging, especially in big cities like Brussels and Antwerp. It is recommended to start looking for housing early and to check the rental laws in the region.

Work: Belgium has a competitive job market, and it is essential to have the necessary qualifications and language skills to find a job. Networking and using recruitment agencies can also be helpful.

Taxes: Belgium has a high tax rate, but it also offers various tax deductions and allowances. It is essential to understand the tax system and keep track of your finances.

Social life: Belgium is known for its vibrant social life, with many bars, cafes, and restaurants. Joining social clubs and sports teams can be a great way to meet new people.

Education: Belgium has a high-quality education system, with many universities and colleges offering courses in different languages. International students can also apply for scholarships and financial aid.

Safety: Belgium is generally a safe country, but it is always advisable to take necessary precautions to ensure your safety, such as avoiding certain areas at night and keeping your belongings secure.

 

Necessary Phone Numbers in Belgium 

 

Emergency services (Police, Fire, Ambulance) – 112
Police – 101
Medical emergencies – 100
Poison Control Center – 070 245 245
Directory Enquiries – 1207
Roadside assistance – 070 344 344
Brussels Airport – +32 2 753 77 53
Antwerp International Airport – +32 3 285 65 00
Belgian Railways – 02 528 28 28
Brussels Public Transport – 070 23 2000