Professional and reliable company formation in Belgium
We can help investors, entrepreneurs and businesses effectively set up a company in Belgium in no time!
Audit and assurance is all about meticulous data analysis. Everything needs to be checked, double checked, and triple checked.
This allows us to specialize in all dimensions of trades and stocks, because we have a specialist within the team for every scenario.
This stops companies from taking drastic measures like downsizing or closing down sites; those things happen only with no or bad financial projections.
We allow you to enter international waters without having to worry about making a mistake, as we use our international experience.
Companies dislike the term ‘turnaround consulting’ because it represents failure. The truth is that turnaround consulting represents success.
Bonds and commodities are much more stable than stocks and trades. We allow our clients to invest in the right bonds & commodities.
This allows us to specialize in all dimensions of trades and stocks, because we have a specialist within the team for every scenario.
We work with our clients and do a deep analysis of their business. We help prepare possible outcomes to different decisions.
We allow you to enter international waters without having to worry about making a mistake, as we use our international experience.
Audit and assurance is all about meticulous data analysis. Everything needs to be checked, double checked, and triple checked.
This allows us to specialize in all dimensions of trades and stocks, because we have a specialist within the team for every scenario.
Bonds and commodities are much more stable than stocks and trades. We allow our clients to invest in the right bonds & commodities.
This stops companies from taking drastic measures like downsizing or closing down sites; those things happen only with no or bad financial projections.
Execution is the single most important part of the whole process, poor execution can result in a lot of lost time and money.
Audit and assurance is all about meticulous data analysis. Everything needs to be checked, double checked, and triple checked.
This stops companies from taking drastic measures like downsizing or closing down sites; those things happen only with no or bad financial projections.
We allow you to enter international waters without having to worry about making a mistake, as we use our international experience.
Companies dislike the term ‘turnaround consulting’ because it represents failure. The truth is that turnaround consulting represents success.
We work with our clients and do a deep analysis of their business. We help prepare possible outcomes to different decisions.
We allow you to enter international waters without having to worry about making a mistake, as we use our international experience.
Execution is the single most important part of the whole process, poor execution can result in a lot of lost time and money.
Who are we
Are you ready to begin your business in the heart of Europe? Formationwise can help you get started. Our company formation in Belgium professionals can handle the overall company formation process tactfully and manage the regulatory, and legal difficulties that entrepreneurs or investors might face during company formation in Belgium. We provide the finest solutions to make the offshore company registration procedure as straightforward, fast and uncomplicated as possible for all of our customers.
Why choose FormationWise
Establishing a firm in Belgium might be a very wise move for foreign businessmen searching for fresh development prospects. Working with Formationwise offers prompt offshore company formation with bank account for any business or investor wishing to get started in Belgium in the minimum time possible.
What we do
We exclusively deal with foreign clients, assisting them with the offshore incorporation of their Belgian business. Our qualified company formation in Belgium team can get a tax ID and a number for social security on your behalf.
Our team
Our offshore company registration experts in Belgium can assist investors in complying with the current company formation requirements, providing legal counsel and assisting international investors in interacting with various Belgian authorities.
Why you need us
As a specialist in company formation in Belgium, Formationwise can handle all of your corporate requirements, enabling you to focus on growing your business. Formationwise is well-organized and will set up your LLC in Belgium as soon as feasible.
Placing an order is simple
- 1
Select your desired package
Simply choose the right package for your needs by filling out our form, by call or by placing an order on our website.
- 2
Make a payment
After finalizing the correct package make the payment for your selected services and send us your documents.
- 3
Send your documents
Forward us all the necessary documents through an email with documents attached or by phone
- 4
Company formation
Once we receive the payment and the required documents, we will start the company incorporation process in Belgium
- 5
Open a bank account
We will help you open a corporate or personal account with a reputable bank in Belgium
Types of companies that can be registered in Belgium
The most popular company structures in Belgium are the BVBA or an SPRL.
Private limited liability company (S.P.R.L./B.V.B.A.)
Since the new law, the private limited liability company is preferable for small businesses and does not need any minimum capital for formation. A financial plan that emphasizes the financial tools necessary for your company to function for the first two years is all that is required. This sort of Belgian corporation may have one or more founder members who can be either citizens or foreigners. To the extent of their contributions, shareholders will be held liable for the company’s debts and liabilities.
The public limited company (Naamloze Vennootschap/Société Anonyme, NV/SA)
A minimum share capital of 61,500 euros is needed to form this sort of business, which is designed for large enterprises. In return for shares, the founding members, who may be locals or foreign residents as well as natural people or corporations, will contribute to the company’s capital. The number of the shareholders’ obligations will be determined by their contributions.
The partnership
This can be a general, ordinary limited or limited partnership with share capital. They are all formed by two or more partners, with the key distinction being a liability. In the general type, all partners are liable, but in the limited one, there are two sorts of partners: working partners who handle management and are accountable, and sleeping partners who have no involvement in the planning process and are not accountable.
The Belgian branch, subsidiary or representative office
Foreign businesses are allowed to establish an independent company from the parent company, with the foreign company becoming a stakeholder in a Belgian company. The branch is an extension of the parent firm and is completely reliant on it, while the subsidiary is autonomous and distinct. The branch office can only be used for marketing or promotion and cannot earn profits from Belgium.
Minimum share capital for a company in Belgium
The former private limited company required a minimum of €18,550 in start-up capital, some of which had to be provided by the owners at the time of the establishment. However, this is no longer mandatory thanks to the new regulations. The financial resources your company needs to get through the first two years must be determined via a financial plan. Then, all you have to do is provide that capital. However, your plans will determine just how much capital is required for your company.
The minimum share capital for a public limited company is €61,500, which must be fully subscribed and paid up at the time of incorporation. There is no minimum required capital for a branch.
Time frame for the incorporation
Once we have received all the necessary information and documentation including identification documents for the director and shareholders, we can complete the incorporation process in 2 to 3 weeks.
Do you provide a registered office address or a virtual office?
Yes
Is bookkeeping or an annual return required?
Yes
Is a foreign-ownership allowed in a company formation in Belgium?
Yes
Our Services
Formationwise provides a comprehensive variety of services to help international business owners, entrepreneurs and large corporations register a company in Belgium. Listed below are a few of the services we provide to overseas companies that want to operate or register their businesses in Belgium:
Benefits of forming a company in Belgium
Strategic location
Belgium, as a member of the European Union, has access to millions of EU consumers. Business beyond Belgian borders is fast. It simply takes a couple of hours to meet the export compliance requirements. This is one of the reasons Belgium is placed first out of the many economies in the World Bank’s Doing Business report in the area of cross-border trade.
Professional workforce
Belgium has a historically and culturally diversified population since many individuals speak various languages, accounting for the majority of Europe’s population. The country’s workforce is one of the most ethnically diversified in the EU. Furthermore, Belgium’s outstanding educational system produces highly skilled workers, allowing the nation to have a super-qualified workforce.
Attractive tax incentives
Belgium offers new investors with lower taxes. The tax policy is consistent with that of other European nations. The Belgian tax system is especially appealing for R&D expenditures, since companies can deduct up to 80% of patent revenue from their taxable base, lowering the effective tax rate to 6.8%.
Solid infrastructure
Belgium is renowned for its well-developed transportation networks, which include seaports, inland ports, airports, trains and other facilities. This infrastructure has facilitated the economy’s growth. Belgium’s international rail and aviation infrastructures are rated as among the most enticing in the world for industry and logistics.
Good for investment
Brussels is also regarded as the beating heart of Europe. No other European city provides similar municipal infrastructure and services within such a realistic and manageable boundary. Brussels benefits from a favorable investment and an economic growth environment. It’s an appealing investment destination because of its corporate tax benefits, low cost of living, good quality of life and public services, as well as a diverse range of office space and lodgings.
Why choose Formationwise to set up your offshore company in Belgium?
Simplified process
We have years of experience in company formation in Belgium. Because of our extensive expertise, we have simplified the offshore company registration procedure in Belgium, enabling you to spend less time filling out papers, securing business names and managing your obligatory secretarial activities.
No hidden costs
Our rates are always upfront and clear. Every aspect of the cost is fully disclosed. Our fees are lower when compared to other firms providing similar services because of our effective approach. When you deal with Formationwise, there will be no hidden expenses throughout the process.
Our expertise
We have an experienced team of qualified offshore company setup professionals, attorneys and accountants who can manage the whole Belgium company formation process on your behalf, dealing with all legal, accounting, and corporate concerns.
Complete discretion
Data protection is one of the most vital factors at Formationwise. We ensure our client’s privacy by keeping their records, data and personal information perfectly safe.
Free initial consultation
We provide free first consultation on strategies or the supply of services for analyzing and forming a legal company in Belgium on any corporate matter.
Diverse range of services
FormationWise can manage all of your corporate needs in Belgium, from creating a bank account to dealing with intricate taxes issues to accounting and audits.
Exclusive support
We provide the same high standards of customer care to all clients, whether you are starting your first business or using our website on a daily basis. Call us or send us an email and a member of our company formation in Belgium team would be happy to help.
Quality service
Our high-quality working standards are maintained by intensive employee training programs and continuous technological advancement. We continuously monitor government legislation to stay in touch with the latest company formation rules and regulations in Belgium.
Legal requirements for company formation in Belgium
Memorandum of Association
When forming a company, a memorandum of association must be prepared by a notary. The financial plan and bank certificate for a monetary contribution, as well as the report from a business auditor and the special report from the director(s), are required for the act to be drawn up and executed.
Registered office
Companies in Belgium are required to establish a registered office there. This is where formal corporate papers may be legally served, as well as the director and shareholder records must be kept. Formationwise can help you establish a registered office in Belgium.
Business plan
A business plan must be created before incorporating your company in Belgium. To establish a Belgian company, you must get a business plan using the specific proforma and verify that you have sufficient capital investment in your bank account to cover your firm's planned operations. There is no minimum capital requirement, but you must have enough cash in your account to operate your day-to-day operations.
Opening a bank account
When forming a company, you must open a current business account in the firm's name with a Belgian-based financial institution. This account number, together with the company number, name, and financial institution name, must be included on all business papers. There are various Belgian and international banks in the country where you may establish a bank account.
Accounting obligations
Companies in Belgium are required to follow the criteria for yearly accounting, reporting and auditing. Yearly financial statements are presented to the Belgian National Bank and annual accounts are prepared in accordance with Belgian Accounting Principles.
How to start the company formation process?
Choose your company name and type
Simply select the company name and the type of company you want to incorporate in Belgium by filling out our form or call one of our team members for any help
Appoint a representative agent for your company in Belgium
Hire Formationwise as your representative agent to represent your company in Belgium
Submit the documents
We will prepare and submit the Articles of Association for your company in Belgium
Applying for a business license
Our team will verify and apply for a business license for your Belgian company on your behalf
Tax registration in Belgium
Once everything is finalized, we will apply for tax registration and a tax identification number for your company in Belgium
What are the documents required for offshore company registration in Belgium?
The following documentation is required by Formationwise in order to incorporate a company in Belgium:
- Proof of residency
- Certified versions of the passports of the company owners, shareholders and directors
- Details of the business activities of the company
- Bank statements or utility bills of the company (no more than three months old)
- High school diploma of the directors, as qualifications are scrutinized as part of the Belgian company formation process
- A business plan that shows what activities the company plans to conduct in Belgium
- A detailed financial plan that discloses how the company plans to carry out its accounting processes
- Financial information for the two years before filing, including how the company will sustain itself
- Report on capital investment in the firm
- Deed of incorporation to register with the register of legal persons
Cost of company formation in Belgium
A notarial deed is necessary for incorporation. The notarial fee for a notarial deed is around €1,000 (excluding VAT). These charges already include registration fees and the deed drafting tax
Most entrepreneurs have their financial plans drawn up by an accountant. You may wish to keep €800 in mind as a starting point, but this is totally dependent on your accountant, the intricacy of your business, and your individual contribution
An extract of your deed of incorporation must also be issued in the Belgian Official Gazette, for which you must pay the register roughly €220
The enterprise counter will validate your VAT number at a fee of roughly €60. (excl. VAT)
You also pay your business contribution via a social insurance fund. The precise amount is determined by your balance sheet total from the preceding fiscal year:
- If below €702,954.75, the amount is €347.50
- If above €702,954.74, the amount is €868.00
- Almost all companies must pay the company contribution, but there are exceptions.
The government chooses how much you pay to apply for your company number, which is done by registering with the Crossroads Bank for Enterprises (CBE).
This is done using a Securex business counter, and the fee is currently €89.50 (no VAT applicable) per business entity, for both a sole trader and a company
FAQ
Belgium has a contemporary, expanding economy that is highly globalized, as well as a highly productive workforce. Belgium not only provides a fast and uncomplicated process for establishing a new business, but it also provides excellent corporation tax rates for small and medium enterprises. The nation is welcoming to businesses and provides first-rate communication networks. Belgium’s strategic position at the intersection of numerous European cultures makes it an ideal place for international commerce. Belgium gives the freedom to establish a firm and transfer money to any international enterprise and foreign investors that desire to establish a commercial or industrial activity in the country.
All self-employed professionals who establish a company in Belgium must pay Belgian income tax on their profits. Companies formed as independent legal entities, such as limited liability companies, must also pay Belgian corporate tax. Many Belgian firms that provide services and commodities in Belgium and abroad pay VAT.
Current tax rates in Belgium are:
- Income tax between 25-50% of earnings/profits, depending on the amount earned
- Corporation tax at 29% (reduced to as low as 20% for some businesses if they meet certain conditions)
- VAT at a standard rate of 21% of business turnover
When you incorporate a company, you must open a current account in a bank or other financial institution in the name of the business, ideally a corporate bank account. This account number must be included on all business papers (letters, invoices, etc.) together with the company number, the name of the firm, and the name of the financial institution. Several Belgian and international banks operate in Belgium, owing to the large number of expats that live there.
A minimum of one director is required for a Belgian business. The director should be suitably qualified, based on an educational qualification or certificate of practical experience. Residents and non-residents, individuals and companies, may serve as directors. Shareholders are not required to be directors. Companies in Belgium may have at least one shareholder. Individuals and businesses, citizens and non-residents, may all be shareholders. Nominated shareholders are allowed. According to the Articles of Association, General Meetings must be convened annually after the conclusion of each fiscal year. The meeting should be held at the registered office or another location stated in the meeting minutes.
Belgian enterprises must have a registered office in the country. It should be a physical address rather than a PO Box. The registered office should keep accounting records, minutes of Board meetings and shareholder meetings. This is where formal corporate papers may be legally served, as well as the director and shareholder records may be kept. It is the public address that appears when someone searches for your business, such as a credit search or a legal search. It’s also where your year-end accounting books are delivered. Formationwise provides a registered address service if you do not have an address in Belgium.
There is no legal necessity for a company secretary in Belgium. However, with the help of Formationwise, you can hire a company secretary to meet your requirements and get advice on all governance issues. In addition, the company secretary can oversee the authenticity and reliability of the company’s legal records. The company secretary’s work is important since it requires the secretary to be aware of all correspondence received by the company at its Registered Office at all times. If necessary, we may provide secretarial services and act as your company secretary for your Belgian company.
If your business delivers products or services that are governed by the Belgian VAT Code on an independent and regular basis, it must be VAT registered. Formationwise can apply for a VAT number in Belgium on your behalf. We will apply for a VAT number at your registered Belgian address, where accounting documents pertaining to Belgian activities will be presented in the event of a VAT audit. We will complete all forms and the application for a Belgian VAT identification with all necessary supporting documents after we have collected the essential data and documents, and once the service agreement has been signed. The Belgian VAT Administration takes roughly 6 to 8 weeks to complete the VAT application.
It is not required to travel to Belgium for offshore company registration. You can easily provide a power of attorney validated with an Apostille to Formationwise to oversee the entire company formation in Belgium process. However, depending on the sort of entity you wish to incorporate in Belgium, additional paperwork may be required. You can send us these documents in paper form. Whether you want to create a new Belgian company or buy an existing one, Formationwise can assist you in completing all of the company formation activities online or over the phone, allowing you to sit back and relax in your home country while we handle all of the work.
Although business directors must be educated with at least a degree or a diploma in their respective sector, the procedure of establishing a company in Belgium is quite simple. Once we receive all of the appropriate documentation from you, company formation in Belgium should take around 2 to 3 weeks. However, the time limit is totally dependent on the sort of business or entity you desire to establish in Belgium. A branch takes around a month to build in Flanders, Belgium’s northern province. The process of establishing a subsidiary in the area is faster and can be finished in a couple of days.
With the help of the offshore company registration professionals at Formationwise, you can effortlessly form a company online in Belgium. We will ensure that all of your incorporation duties are handled online on the official Belgian company registration portals, eliminating the need for you to physically visit a notary’s office. By identifying yourself with your ID, you will be able to easily incorporate your company online. The legal documents can also be electronically signed during a videoconference with the notary. This applies to all legal entities, and there will be no extra fees. Formationwise can manage the whole procedure of online company formation in Belgium for you.