Eternity Law International News Company registration in Belgium

Company registration in Belgium

Published:
December 10, 2020

Belgium is considered to be the most convenient jurisdiction for doing business. Entrepreneurs looking for long-term work and high stable profits should definitely turn their attention to this country, since Belgium provides foreign company owners with the opportunity to apply for a residence permit. In addition, Belgium is a highly developed political, financial and social environment, complemented by convenient tax requirements.

Belgium, in essence, is an offshore, since it provides for the presence of preferential rates regarding VAT and payment on dividends. Entrepreneurs can use these benefits in some cases. Among the main advantages of the Belgian jurisdiction are the absence of taxation on income received from capital increases through shares, as well as the agreement on avoidance of double taxation concluded with Hong Kong.

In some cases, the decisions made by tax inspectors are, for the most part, subject to challenge. In addition, among the advantages of this state, the following stand out:

  • favorable geographic location, low cost of rent and purchase of premises for residential or commercial purposes;
  • dual citizenship is allowed, non-residents can open a business in Belgium;
  • the taxation model is transparent and uncomplicated;
  • the company registration process is also quite simple.

What does Belgium require from registered companies?

The procedure for registering a company in Belgium is clearly regulated, therefore, an entrepreneur will have to face the mandatory fulfillment of certain requirements. First, you need to select and certify three names for the organization and assign them to it. The company must have at least two founders. These can be individuals or companies, regardless of their residence, citizenship and place of residence. In addition, to open a business, you need the following:

  • documents that prove the identity of the directors of the company and confirm the legal address;
  • financial plan and accounting documentation fixed in the state;
  • a local licensed notary representative – he/she will provide a certificate that the company has sufficient capital to start a business;
  • calculate and form the capital so that it correlates with the number of shareholders – the minimum amount is 19 thousand euros, the first installment accounts for at least 30%;
  • create a Belgian bank account;
  • after the registration certificates have been received, they must be published in one or more official gazettes and notarized;
  • obtain a tax number for the company by entering it in the appropriate register.

Business start-up process

To open a business in Belgium, you first need to send a request for professional cards, which are accompanied by documents confirming activities in the selected field and the person’s medical card. In parallel with this, you must submit a request for a residence permit. In addition, the following is required:

  • to get VAT;
  • become a member of the social fund in order to regularly transfer contributions (a period of three months is given);
  • in the Ministry of the Middle Class to sign documents regarding the opening of a company on the territory of the state;
  • if the company has full-time employees, it is necessary to join the organization that regulates the corresponding field of activity.

For registration it is necessary to appoint a director. It can also be a shareholder.

If you need to register a company in Belgium, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Belgium. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

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