Setting up a business in Belgium

What are the opportunities?

  • Support from the Belgian government
  • Location and business environment
  • International network
  • Access to talent

TMF Group is your trusted partner to help you to set up a new business in Belgium. Our core services can help companies of all sizes with international corporate structuring, accounting, corporate secretarial, HR and payroll and structured finance. Whether a company wants to globalise, or requires support to streamline existing operations, we offer a full suite of core and add-on services that will allow you to expand your business seamlessly.

The most common types of business entities when entering the Belgian market are:

  • Private limited liability company – SPRL/BVBA - société privée à responsabilité limitée/besloten vennootschap met beperkte aansprakelijkheid
  • Public limited liability company –SA/NV - société anonyme/naamloze vennootschap
  • Branch of a foreign company

Other business entities that can be incorporated are:

  • Limited Cooperative - SCRL/CVBA - société coopérative à responsabilité limitée/coöperatieve vennootschap met beperkte aansprakelijkheid
  • Partnership limited by shares - SCA/CVA - société en commandite par actions/commanditaire vennootschap op aandelen
  • Limited partnership - SCS/GCV - société en commandite simple/gewone commanditaire vennootschap
  • General partnership - SNC/VOF - société en nom collectif/vennootschap onder firma
  • Economic Interest Grouping  - EIG
  • European Economic Interest Grouping – EEIG
  • Joint ventures
  • European Company – SE - Societas Europeae

Every company in Belgium has to be incorporated via a notary deed and needs to obtain a certificate from a Belgian financial institution confirming the deposit of the initial capital. Incorporating a company in Belgium is not a long process and can usually be completed within a week. The basic process can be done in 6 steps:

  • Opening a blocked bank account with a Belgian financial institution and depositing the funds for the capital of the company into this account.
  • Preparing a financial plan
  • Meeting with the notary to incorporate the company. After this meeting the funds in the bank account will be unblocked, and the deed of incorporation will be deposited with the commercial register.
  • Registration with the Crossroad Bank of Enterprises
  • Depending on the activities of the company, VAT and other registrations will be required

Kindly note that the above process does not apply to other types of business entities such as a branch.

Are you planning to expand into Belgium? Make an enquiry!

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