Company Formation in Belgium

Belgium is a good destination to set-up your company to cater to the large EU Market. YourGlobalPro can assist in Belgium for Company Formation, Secretarial Compliance, Tax Registration, VAT Reclaim, Document Retrieval, Trademark Registration and Citizenship Services.

About the Country

The Kingdom of Belgium (“Belgium”) is a federal constitutional monarchy and a sovereign state in Western Europe bordered by France, the Netherlands, Germany, Luxembourg and the North Sea. It is a developed country, with an advanced high-income economy. The fact sheet will explain you in detail about the requirements for the company formation in Belgium, know more about the process of Trademark registration in Belgium and understand the Belgium Legal Compliance requirements.


Doing Business Introduction

The company formation in Belgium is a simple process and the procedure and the formalities to set up take approximately 3-5 working days. No prior approval except for certain activities is required for business set up. The Investor must register business and get a company number and open Bank Account before commencing business operation in Belgium.

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Incorporation - Types of Business Entities

The various types of entity that can be incorporated in Belgium are as mentioned below:

  •  Private Limited Company (SPRL/BVBA);
  • Public Limited Company (SA/NV);
  •  Cooperative with Limited Liability (SC/SCRL-CV/CVBA);
  •  Cooperative with Unlimited Liability (SCRI/CVOA);
  •  General Partnership (SNC/VOF);
  •  Limited Partnership (SCS/GCV);
  •  Partnership Limited by Shares (SCA/CVA);
  •  Sole Proprietorship;
  •  Branches and Subsidiaries or Representative Office for Foreign Companies.

Time Frame for Incorporation of Company in Belgium varies from depending on the type of entity selected. YourGlobalPro estimates the time required for the process of Company formation in Belgium can be completed in 3-5 working days.

Benefits of Registration of a Company

Below are the advantages of company formation in Belgium:

  • Known for its concentration of biopharmaceutical companies
  • High concentration of educated and multilingual workers
  • A tax regime oriented toward business growth and retention
  • Established network of biotechnology and pharmaceutical companies
  • Offers a stable investment environment in Europe
  • Barriers to market entry are low
  • Open economy
  • Excellent transport network
  • Strategic location

Tax Registration and Filing

Given below are the various applicable taxes in the region.

Corporation Tax Rate 33.99%
Income Tax Professional income is taxed on its net amount at the applicable rates.
Customs No import duties are applicable
Value Added Tax (VAT) 21%
Tax Year As chosen by the Company.
Tax Filing To be filed one month after the date of financial statement. Vat Return to be filed monthly or quarterly.
Payment of Advance Tax 1st quarter - no later than April 10th
2nd quarter - no later than July 10th
3rd quarter - no later than October 10th
4th quarter - no later than December 20th

Double Tax Treaty

Belgium has double taxation treaties with 88 countries as mentioned below: Albania, Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Gabon, Georgia, Germany, Ghana, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Ivory Coast, Japan, Luxembourg, Macedonia, Malaysia, Malta, Mauritius, Mexico, Moldova, Mongolia, Morocco, the Netherlands, Nigeria, New Zealand, Norway, Pakistan, the Philippines, Poland, Portugal, Romania, Russia, Rwanda, San Marino, Senegal, Serbia and Montenegro, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Tajikistan, Thailand, Tunisia, Turkey, Turkmenistan, Ukraine, the United Arab Emirates, the United Kingdom, the United States, Uzbekistan, Venezuela, Vietnam.

Trademark registration

The principal forms of Intellectual property (IP) protection available to companies and individuals in Belgium are Trademarks, designs, patents and copyright registration. Also, it is important to note that the Intellectual property law is not totally harmonized within the European Union. The Belgian Office for Intellectual Property is responsible for IP registration.

YourGlobalPro professionals are fully equipped to assist you with the process of trademark registration in Belgium for your business for assistance or advise in the matter of the trade mark registration or intellectual property – please feel free to write or contact us.

Secretarial Compliance

  • Registration for value added tax.
  • One director and shareholder required for company formation and no restrictions on the nationality or residency.
  • Must be a physical address in Belgium
  • All the companies are required to have the financial statements approved by the shareholders’ meeting within 6 months after closing of Accounts.
  • Also, financial statements need to be filed at the Central Balance Sheet Office within 1 month of approval from shareholders.

Accounting Services

Your Global PRO professionals can assist you with the entire bookkeeping and accounting services to your Belgium Business Set up as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.

Auditing service

Based on the size of the business – the companies are required to prepare and file financial statements with the Authority.


The KYC requirement differs from Bank to Bank and need to be complied for the Bank account opening.

In Belgium, the banking services allow access to your bank account any time by post, courier, internet secure banking facilities. Your global PRO professionals facilitates all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Belgium.

Legal and Compliance

Below is the various Belgium legal and compliance requirement to be followed by incorporated entities:

  • Private limited liability company: at least 1 shareholder and 18,550 EUR minimum share capital fully subscribed
  • Public limited liability company: at least 2 shareholders and 61,500 EUR fully subscribed
  • Partnership limited by shares: at least 2 shareholders – a managing partner and a limited partner and 61,500 EUR minimum share capital
  • General partnership: at least 2 shareholders who are equally liable and no minimum capital

YourGlobalPro professionals can assist you in all Belgium Legal and compliance related matters.

HR and Employment Law and Immigration / VISA

  • The Ministry of Labor oversees workplace laws in Belgium.
  • In the country, the salaries are generally above average (although not as high as those in Germany and France).
  • The third-country nationals (i.e. non-EU/EEA/Swiss citizens) need to obtain a visa to enter Belgium and a work permit before engaging in any economic activities in the country. However, citizen of the European Union (EU), the European Economic Area (EEA – EU plus Iceland, Liechtenstein and Norway) and Switzerland do not require Visa and are allowed to travel on the basis of their national ID card or passport.
  • In case a person is resident of Belgium for a period of five uninterrupted years and plans to stay in Belgium long term, may qualify for permanent residency in Belgium.
  • The Employment contract are written document containing the contractual clauses like trial clause, non-competition clause. Any changes in the same require consent of both the parties.
  • In Belgium, the minimum wage is 1 309 EUR per month since 1.10.2008.
  • The night work, to work more than the legal working hours, outside the applicable schedules, on Sundays and bank holidays forbidden in Belgium. Night work is authorized provided that the nature of the work or activity justifies it.
  • Overtime is required to be paid at 100 % in the case of work on Sundays or public holidays or at 50 % above the normal rate
  • The length of holidays is proportional to the number of days actually worked and pregnant worker is entitled to maternity leave.

Country Statistics

Capital Brussels
Total Area 30,528 Sq. Km.
Population 11,250,585
Density 363.6/ Sq. Km.
Currency Euro (u20ac) (EUR)
Government Federal Parliamentary Constitutional Monarchy
Official Language Dutch, French, German
Religion Christianity (Catholic, Protestantism, Orthodoxy and Anglicanism), Islam and Judaism
Government and Local Administration Offices Hours: Monday to Friday - From 8.30 a.m. to 1.00 p.m.
Business Offices Hours: Monday to Friday - 9.00 a.m. to 6.00 p.m. (8 hours per day and 40 hours per week)
Banks and Exchange Houses Hours Monday to Friday - 9:00 a.m. - 4:30 p.m.

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