Belgium

Service	Cost	Currency
Company registration	from 3 200	EUR
Legal address (1 year)	from 2 400	EUR
Secretarial service (1 year)	from 3 000	EUR
Accounting service (1 year)	from 3 000	EUR
Nominee service (optional)	from 3 000	EUR

In Belgium, you can register a partnership that is not a legal entity and therefore is not subject to corporate tax. In essence, it is regarded as “transparent” for corporate taxes, and partners will be taxed personally, paying income tax at their place of tax residence. However, this is a very delicate point, and we recommend in each case to get additional advice from specialists. It is imperative to refer to the agreement on the avoidance of double taxation (if there is one between Belgium and the country where the partner of the partnership is a resident), and also to see if such a foreign member of the partnership will have a permanent place of business in Belgium.

Belgium. Foreign persons can be founders in six types of Belgian enterprises, but in practice the following two organizational and legal forms of legal entities may be of interest to an investor:

Naamloze Vennootschap - NV (SA) - Joint Stock Company
Besloten Vennootschap met Beperkte Aansprakelijkheid - < strong> BVBA ( SPRL) - private limited company

Naamloze Vennootschap - NV (SA) - a joint stock company (joint stock company) is characterized as follows:

the company has at least two founders, who can be individuals or legal entities - residents of Belgium or foreigners;
the minimum and FULLY paid up capital is € 61,500;
Company shares may be issued to bearer.
if there are only two shareholders, the company must have at least two directors;
if the number of shareholders is unknown or there are more than two, the company must have at least three directors who can be individuals or legal entities, residents of Belgium or foreigners.

Besloten Vennootschap met Beperkte Aansprakelijkheid - < strong> BVBA ( SPRL) - a closed limited liability company - is simpler in structure and is characterized as follows:

the company can be incorporated by one person - natural or legal, resident or non-resident of Belgium;
the minimum authorized share capital of the company is € 18,550, of which € 12,400 must be paid if the company has one shareholder, and € 6,200 if the company has more than one shareholder;
shares of the company can only be issued by registered ones;
a company can have one director who can be a natural or legal person, a resident of Belgium or a foreigner.

In order to work as directors in a Belgian company, foreigners must obtain an appropriate work permit - (arbeidskaart / carte professionelle). This work permit (professional card) and the Belgian residence permit are two different documents. However, both of them are needed in order to permanently live and work in Belgium. The application for these permits must be submitted at the same time. However, if the director of the company managed to obtain at least one of the permits by the time of registration of the company, then he is allowed to start work in a Belgian company.

The general corporate tax rate in Belgium is 33.99%.