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Company formation in Belgium
Comprehensive assistance in company formation, including banking services
How to form a company in Belgium
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Belgium and opening a bank account in Belgium
2
Payment of services
Payment of our services for company formation in Belgium and/or bank account assistance in Belgium
3
Company formation
We register a new company in Belgium for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Belgium
Minimum share capital that is required to register a company in Belgium as a SRL (a limited liability company) is just EUR 1.
1. Founders that would like to register a company in Belgium can either be resident or non-resident in Belgium. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Belgium. It is not required to register a company in Belgium with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Belgium and simultaneously be a shareholder and a director in this company if such company is registered as a SRL (a limited liability company).
4. There is no requirement for creating substance in Belgium - no need to hire local employees or rent an office in order to establish a company in Belgium or to conduct business in Belgium.
5. Minimum share capital that is required to register a company in Belgium as a SRL (a limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after company registration in Belgium is complete is publicly available in the state corporate register.
7. We can help you register a company in Belgium remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Brussels for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a company director in Belgium. It is not required to register a company in Belgium with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Belgium and simultaneously be a shareholder and a director in this company if such company is registered as a SRL (a limited liability company).
4. There is no requirement for creating substance in Belgium - no need to hire local employees or rent an office in order to establish a company in Belgium or to conduct business in Belgium.
5. Minimum share capital that is required to register a company in Belgium as a SRL (a limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after company registration in Belgium is complete is publicly available in the state corporate register.
7. We can help you register a company in Belgium remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Brussels for 1 day in order to open a corporate bank account.
Cost of services
Formation of a SRL
Timeframe - 15 business days
Timeframe - 15 business days
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Advantages of forming a company in Belgium
Attractive business-environment
- Strategic geographic location, headquarters of key EU institutes and bodies
- Close to key markets and industrial centers
- Open economy lack of trade restrictions
- Highly-qualified workforce
- Well-developed infrastructure, presence of seaports and a developed railroad infrastructure
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice system
- Comprehensive protection of property rights
- High standards of personal security
- Investment protection
Tax benefits
- Tax benefits for corporate group taxation
- Tax benefits for R&D business
- Multiple double tax treaties
No foreign exchange controls
- Belgium joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Belgium may open bank accounts in Belgian banks in any currency
Ease of establishing and doing business
- Minimum share capital that is required to register a company in Belgium as a SRL (a limited liability company) is just EUR 1
- Fast company formation procedure in Belgium
More about Belgium
Belgium is located in Central Europe and its territory amounts to 30,528 square kilometers. Belgium is one of the smallest Member States of the EU. Belgium borders Netherlands, Germany, Luxembourg and France. Belgium has access to the North Sea. Due to its location Belgium is a multicultural and a multilingual state. The capital of Belgium is Brussels, which is the location of key institutes and bodies of the EU. Belgium consists of 3 regions - Brussels Capital Region, Flanders and Wallonia.
Belgium has a population of around 11,3 million people.
Belgium has a population of around 11,3 million people.
Official currency of Belgium is euro (EUR).
According to the latest WTO reports Belgium holds 10th place globally among export economies, Belgium exports more than 80% of its national GDP. Herewith economy of Belgium is 100% dependant on fossil fuels import and the shutdown of nuclear power plants in 2025 will increase foreign energy dependance. 1/3 of Belgium's international trade is attributable to other EU member states.
Belgium's GDP increased by 1,6% in 2018 and amounted to around USD 526,4 million.
According to the latest WTO reports Belgium holds 10th place globally among export economies, Belgium exports more than 80% of its national GDP. Herewith economy of Belgium is 100% dependant on fossil fuels import and the shutdown of nuclear power plants in 2025 will increase foreign energy dependance. 1/3 of Belgium's international trade is attributable to other EU member states.
Belgium's GDP increased by 1,6% in 2018 and amounted to around USD 526,4 million.
International business establishes business in Belgium for the purposes of making investments in the industrial sector, financial services, scientific research, wholesale trade.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- banking and insurance services
- telecommunications
- capital markets trading
- defense industry
- air transport.
- Corporate income tax - Standard tax rate 25%. Tax rate of 20% is applicable to the first EUR 100,000 of taxable income. Tax returns are filed on an annual basis. Advance income tax payments are made on a quarterly basis
- Dividend withholding tax - Standard tax rate 30%
- Interest withholding tax - Standard tax rate 30%
- Royalties withholding tax - 30%
- Capital gains tax - Standard tax rate 25%
- VAT - Standard tax rate 21% or reduced rates from 0% up to 12% or tax exempt. Tax returns are filed on a monthly or a quarterly basis
- Personal income tax - from 25% up to 50%.
Apart from such traditional business entity types as a limited liability company (Société à responsabilité limitée – SRL) and a public limited company (Société anonyme – SA), Belgian corporate law offers to establish a business as:
1. General partnership (Société en nom collectif – SNC)
2. Limited partnership (Société en commandite simple - SCS)
3. Partnership limited by shares (Société en commandite par actions – SCA)
4. Cooperative company with limited or unlimited liability (Société coopérative à responsabilité limitée ou illimitée - SCRL/SCRI)
5. European company (Societas Europaea)
6. Branch office (Succursale)
To receive a detailed description of the company formation procedure in Belgium and information about documents necessary for company formation in Belgium please contact our experts.
1. General partnership (Société en nom collectif – SNC)
2. Limited partnership (Société en commandite simple - SCS)
3. Partnership limited by shares (Société en commandite par actions – SCA)
4. Cooperative company with limited or unlimited liability (Société coopérative à responsabilité limitée ou illimitée - SCRL/SCRI)
5. European company (Societas Europaea)
6. Branch office (Succursale)
To receive a detailed description of the company formation procedure in Belgium and information about documents necessary for company formation in Belgium please contact our experts.
Send a request for company formation in Belgium
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London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
