These are the most important steps when establishing a company: choosing a legal status : a one-man business (natural person) or a company (legal entity) establishing a company by depositing and registering a memorandum of association. registering the company with a certified Business One-Stop-Shop.
How to start a small business in Belgium?
The conditions for starting a small business in Belgium are: have the right age (over 18 years or age or 16 for craftspeople), have a visa for Belgium (only for certain foreign nationals), register the business and obtain a company number. The company needs to have a unique name and a bank account.
What business forms can be incorporated in Belgium?
– the sole proprietorship: the simplest business form that can be incorporated in Belgium. There is no distinction between the founder and the company and the individuals is fully liable with his assets.
How to open a company bank account in Belgium?
In certain cases, the company registration in Belgium can be performed by a legal representative appointed by a power of attorney but he/she is not allowed to open a corporate bank account. This step must be completed by the shareholder who will also be named the account holder.
What are the legal options for foreign companies in Belgium?
– branch offices, subsidiaries or representative offices: foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in a Belgian company.
How much does it cost to start a company in Belgium?
– The company registration fees: payable upon registration with the Crossroad Bank, average fees around 70 euros. – The VAT registration fees: average fees around 50 euros for the VAT registration of the company. These fees are only related to the ones payable to Belgian institutions.
How much does it cost to register a company in Belgium?
How much does it cost to register a company in Belgium? The cost of registering a company is EUR3280. the total cost includes the preparation of legal documents, company registration, payment of all taxes and fees at the time of registration and legal address for the company (a year).
What business can I do in Belgium?
The following are few business ideas that you can start easily in Belgium:
Can foreigner open bank account in Belgium?
Opening up a bank account for foreigners in Belgium is easy and straight forward. You can open an online account without setting foot in a bank or just go to any bank office and take a proof of identity – a passport or a Belgian ID is usually enough – and you will get a bank account in no time.
How can a foreigner start a business in Europe?
Despite the different laws regarding business permits for foreigners, there is one regulation most European countries share: foreigners intending to open a business do not need a work permit or any other type of visa. They simply need a residency permit in the country where they intend to establish their business.
How do I go self-employed in Belgium?
Foreign nationals who want to be self-employed in Belgium must hold a professional card and follow various steps to exercise their profession. The regions are authorised for this.
How can I get business visa in Belgium?
How to apply for a Belgium business visa?
- Create an account on the Belgian embassy website.
- Login into your account and fill in the application form with your personal details.
- Choose your visa appointment date and venue.
- Take a print out of the copy of the application form you receive via the registered email address.
What is LTD in Belgium?
A ‘besloten vennootschap’ (bv), is the Dutch and Belgian equivalent of a private limited company.
How do start my own business?
- Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business.
- Write your business plan.
- Fund your business.
- Pick your business location.
- Choose a business structure.
- Choose your business name.
- Register your business.
- Get federal and state tax IDs.
What is a BVBA in Belgium?
The BVBA company in Belgium is, in essence, a private limited liability company. The two used names for this business form, BVBA or SPRL come from the Dutch name and, respectively, the French name.
How long does it take to get a professional card in Belgium?
Your application
The embassy, consulate or one-stop shop for business will send your file within 5 days to the Economic Migration Department in the region where you want to establish your self-employed activity.
Should you invest in Belgium?
Investment in Belgium
Belgium has an open economy with a range of investment options open to any resident, as well as some for non-residents. The country is 48th in the world in terms of economic freedom, with a stable economy, an open market, and a high level of investor freedom.
How do I register my business name in Belgium?
How to start a company quickly in Flanders
- Step 1 – Select the right business type.
- Step 2 – Open a current account.
- Step 3 – Establish a corporate entity.
- Step 4 – Apply for your unique business number.
- Step 5 – Activate your VAT number.
- Step 6 – Register with a social security fund and a health insurance fund.
How can I get Belgian ID card?
Issuance. Residents of Belgium (both Belgian citizens and foreigners) receive their identity/resident cards from their local municipality. Belgian citizens who are resident abroad can apply for renewal of their identity card at their local Belgian embassy or consulate.
What is a BVBA in Belgium?
The BVBA company in Belgium is, in essence, a private limited liability company. The two used names for this business form, BVBA or SPRL come from the Dutch name and, respectively, the French name.
How do I register my business name in Belgium?
How to start a company quickly in Flanders
- Step 1 – Select the right business type.
- Step 2 – Open a current account.
- Step 3 – Establish a corporate entity.
- Step 4 – Apply for your unique business number.
- Step 5 – Activate your VAT number.
- Step 6 – Register with a social security fund and a health insurance fund.
How do I go self-employed in Belgium?
Foreign nationals who want to be self-employed in Belgium must hold a professional card and follow various steps to exercise their profession. The regions are authorised for this.