Belgian Company Formation
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Belgium is a metropolitan country situated in prosperous Western Europe. It offers a strong free-market approach to new start-ups and foreign investment, with a relaxed regulatory environment that is beneficial rather than restrictive to foreign businesses. A founding member of the EU, Belgium is one of the wealthiest countries in Europe and boasts diverse linguistics, a stable economy, and strong banking facilities.
To navigate the procedures and regulations imposed on company incorporation in Belgium, expert advice is recommended. Universal Company Incorporations are focused on service quality and will guide you through the process from beginning to end. We understand the needs of our clients and will provide the relevant solutions for your business requirements.
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Further Information
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There are two main forms of company to set up in Belgium:
- Company Limited by Shares (S.A./N.V.)
- Private Limited Liability Company (S.P.R.L./B.V.B.A.)
Foreign investors also have the opportunity to incorporate a Belgian Branch or Subsidiary which are smaller entities owned by the business outside of Belgium.
Another option is the European Economic Interest Grouping (EEIG). This is a cross border partnership which basically involves partners from different European countries – taxation is calculated individually.
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The Belgian government are extremely accommodating to foreign investors in the country and the regulatory environment poses little restriction to foreign companies. It actually offers tax benefits specifically to non-Belgian nationals, such as multinational companies who can take advantage of tax-free financial and managerial services. Preliminary authorisation is not required for takeovers or joint ventures, and foreign capital may be brought into the country without restriction.
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Banking in Belgium provides the full range of facilities and the procedures for setting up a local bank account are much easier than those in other EU countries. In terms of commercial business banking there is provision for the raising of capital and acquisitions.
The financial incentives available to foreign investors in Belgium are regulated by regional authorities and so differ according to location.
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The Belgian recruitment sector is well established and has a pool of clerical and secretarial staff to choose from. However, there are high national insurance contributions and labour costs as welfare benefits are generous. Employment rates vary with region so your business and recruitment requirements will dictate which region is best suited to you.
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