A presentation brought to you by BridgeWest.eu

HOW TO OPEN A COMPANY IN BELGIUM

STEPS FOR COMPANY FORMATION IN BELGIUM

• Providing identification documents.

• Registering the company’s name.

• Setting up the share capital bank account.

• Notary procedures

• Trade Register procedures

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REQUESTED DOCUMENTS

The client has to provide a series of identification documents:

• passport copies of the shareholders and directors,

• utility bills showing the address of the clients,

• other forms provided by the bank,

• financial plan,

• diploma.

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SHARE CAPITAL INJECTION

• - if there is only 1 shareholder, the minimum amount paid upon incorporation is 12,400 Euros.

• - if there are 2 shareholders, the minimum total amount will be 6,200 Euros.

• The amount of the share capital is to be kept into a blocked bank account.

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LIMITATIONS

There are some limitations when appointing the director:

• The company's director must hold a degree.

• A college or university degree, since these are recognized in most of the countries.

• More often than not a high-school degree is also acceptable.

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OPTIONS FOR NON-EU CITIZENS

• If the shareholder appoints himself/herself as director, then the director is self-employed, and must obtain a professional card.

• If the shareholder is the one appointing the director, then the director becomes an employee of the respective company and therefore a work permit must be obtained.

• If the non-EU citizen is married to a EU citizen, then a member of the family (i.e. spouse/brother/sister) who holds a degree can vouch for the director.

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NOTES

• Any person of any nationality or residence can be director or shareholder in a Belgian company, subject to certain rules, as described above;

• The shareholders of a company established in Belgium can be both natural persons or legal entities;

• A company in Belgium must hold a local registered office (service provided by BridgeWest.eu);

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• A plan comprising financial information on the future business must be prepared (service provided by BridgeWest.eu).

• Depending on the shareholding structure (as previously described), the incorporation of a BVBA (Limited Company) requires the injection of a share capital amounting to 12,400 EUR or 6,200 EUR.

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NOTES

• drafting the Articles of Association (necessary for the company incorporation in Belgium);

• drafting all other documents required for the incorporation of the Belgian company;

• arranging Public Notary procedures;

• offering a Registered Office in Belgium for your company (if required);

SERVICES PROVIDED BY BRIDGEWEST.EU

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HOW BRIDGEWEST.EU CAN HELP

Depending on your business needs, we can help you in the following areas:

• Setting up a bank account for your Belgian company.

• Recommending an accountant in Belgium;

• Establishing a Private Limited Company (Besloten Vennootschap met Beperkte Aansprakelijkheid/ Société Privée à Responsabilité Limitée, BVBA/SPRL);

• Incorporating Public Limited Company (Naamloze Vennootschap/Société Anonyme, NV/SA);

• Registering a Belgian Branch, Subsidiary or Representative Office.

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BELGIUM KEY FACTS

• The standard VAT Rate applicable in Belgium is 21%. There are also reduced rates of 12% or 6% that are applicable in some conditions.

• In Belgium the tax on dividends is 25%, however in certain conditions it can be reduced to 15%.

• Belgium is one of the top locations to commence business in Europe. The Belgian Government offers plenty incentives and benefits in order to create the best climate for foreign investors.

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THANK YOU FOR YOUR ATTENTION!

Please feel free to contact us at

office@bridgewest.eu

+442032870408

www.companyformationbelgium.com

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