How To Start A Small Business In Belgium?

  • Obtaining a professional card (Belgian permit) to start a business. If you’re an EU/EFTA national, you can start a business in Belgium without restriction and don’t need a permit.
  • Registering your business. Choosing the company name – this is the first stage after deciding on your legal business structure.
  • Licenses and permits. Certain professions in Belgium are regulated and you will need a license or evidence of professional qualifications in order to practice these within the country.
  • Step-by-step guide to starting a business in Belgium

    1. Define your offer, product and/or service.
    2. Choose a brand name to reflect that offer.
    3. Open a bank account.
    4. Register with a social security office.
    5. Choose a company type.
    6. Draft a business plan.
    7. Design a financial plan.
    8. Licences, permits and NACEBEL codes.

    What are the costs associated with starting a business in Belgium?

    There are a number of costs associated with starting a business in Belgium, such as opening a current account with a bank that is active in Belgium. But incorporating your company is perhaps the biggest cost.

    How to open a bank account in Belgium as an entrepreneur?

    As a new entrepreneur, you must open a current business account in the company’s name with a financial institution that is established in Belgium. The bank account number must be mentioned, together with the name of the financial institution where the account is maintained, on all commercial documents (e.g. letters and invoices).

    How to set up a foreign company in Belgium?

    Open a (preferably separate) current account at a bank established in Belgium. The manager of the foreign company may have to demonstrate his or her entrepreneurial skills. All decisions must be taken at the foreign company’s registered office. You are a Dutch salesperson from Cadzand and want to sell your products on the Belgian market.

    What are the cultural attributes of starting a business in Belgium?

    If you think about the most important cultural attributes when starting a business in Belgium and operating it, they would be: The most notable point here is the compromise, which is one of the objectives of the business in Belgium.

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    How much does it cost to set up a business in Belgium?

    Belgium LLC incorporation costs amount to €6,850 and total setup costs amounts to €15,550 on average per engagement, including Belgium company incorporation, capital and corporate bank accounts setup and all government registration fees.

    Is it easy to start a business in Belgium?

    Starting a business in Belgium is fairly straightforward for anyone who is a resident and over 18 years old (16 for craftspeople). Foreigners can set up a business in Belgium, although non-EU/EFTA nationals may need a visa to enter Belgium as well as a Belgian residence permit.

    What is required to start a business in Belgium?

    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 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).

    Which business is best in Belgium?

    The following are few business ideas that you can start easily in Belgium:

  • Farming. Essentially, the nation’s economy depends massively on the horticulture.
  • Lawn Plant Nursery.
  • Mobile phone Repair.
  • Fare Import.
  • Data Technology.
  • Pants Making.
  • Land and Construction.
  • Retail.
  • 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.

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    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 do start my own business?

    1. Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business.
    2. Write your business plan.
    3. Fund your business.
    4. Pick your business location.
    5. Choose a business structure.
    6. Choose your business name.
    7. Register your business.
    8. Get federal and state tax IDs.

    How do I become a freelancer in Belgium?

    To work as a freelance in Belgium, 2 formalities are needed : Registration with the Trade Registry (Crossroads Bank for Enterprises) and with the VAT. To this end, you must prove that you have entrepreneurial skills through a diploma or a professional experience.

    How do I register my business name in Belgium?

    How to start a company quickly in Flanders

    1. Step 1 – Select the right business type.
    2. Step 2 – Open a current account.
    3. Step 3 – Establish a corporate entity.
    4. Step 4 – Apply for your unique business number.
    5. Step 5 – Activate your VAT number.
    6. Step 6 – Register with a social security fund and a health insurance fund.

    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.

    What is LTD in Belgium?

    A ‘besloten vennootschap’ (bv), is the Dutch and Belgian equivalent of a private limited company.

    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.

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    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.

    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 go self employed in Belgium?

    Registering with the Crossroads Bank for Enterprises – before you can start freelancing in Belgium, you need to register for trading. Once you’ve done this, you will receive a unique company or ID number which can also be used as a tax and social security number.

    How do start my own business?

    1. Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business.
    2. Write your business plan.
    3. Fund your business.
    4. Pick your business location.
    5. Choose a business structure.
    6. Choose your business name.
    7. Register your business.
    8. Get federal and state tax IDs.

    How do I get a professional card in Belgium?

    Apply for a professional card

    1. Choose where you want to take up residence. Choose where you want to set yourself up as a self-employed person in Belgium.
    2. Stap 2. Prepare your application file.
    3. Stap 3. Have the supporting documents translated.
    4. Stap 4. Submit your application and pay the fees.

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