Doing business in Belgium

If you're thinking of expanding your business into Europe, Belgium should be at the top of your list. This small country has a lot to offer businesses looking to establish a foothold in the European Union. But before you can start doing business in Belgium, there are a few things you need to know. In this blog post, we will discuss some of the key challenges and opportunities of doing business in Belgium. We'll also give you some tips on how to get started if you're thinking of starting a company in this fascinating country!

Doing business in the heart of Europe

Belgium is indeed a fascinating country with a rich history and culture. But what really sets Belgium apart from other countries is its unique blend of Dutch, French, and German influences. This cultural diversity makes Belgium a great place to do business, as it offers companies access to three very different markets. Belgian businesses also enjoy a well-developed infrastructure and a relatively low corporate tax rate. So if you're thinking of expanding your business into Europe, Belgium should be at the top of your list!

How to start a company in Belgium

If you're thinking of starting a company in Belgium, there are a few things you need to know. Firstly, it's important to have a clear idea of the business opportunities that are available in the country. Secondly, you'll need to choose the right legal structure for your business. And thirdly, you'll need to open a bank account and get registered with the Belgian Chamber of Commerce. So if you're thinking of starting a business in Belgium, make sure you do your research first!

Company formation in Belgium

1. First, you'll need to choose the right legal structure for your business. A lot has changed in the last few years when it comes to Belgian legal structures. The new legal forms are: the private limited company (bv), the public limited company (nv), the cooperative company (cv), the limited partnership (CommV), the general partnership (vof) and the partnership (a company without legal personality). The most commonly used one for foreign entrepreneurs is the BV.

2. Next, you'll need to open a bank account and get registered with the Belgian Chamber of Commerce. This is important because it will allow you to start doing business in Belgium.

3. Finally, you'll need to file some paperwork with the Belgian authorities and set up your company's accounting system. This can be a bit daunting, but with the help of a professional accountant it shouldn't be too difficult.

Company formation consultants Belgium

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Business opportunities in Belgium

Belgium is a great place to do business for a number of reasons. Firstly, the country has a well-developed infrastructure which makes it easy to do business here. Secondly, the Belgian market is relatively small but offers access to three very different markets: Dutch, French, and German. And thirdly, Belgian businesses enjoy a low corporate tax rate of just 25% and only 20% for SME's. So if you're looking for a gateway into the European Union, Belgium is a great place to start!

Challenges of doing business in Belgium

Despite all its advantages, doing business in Belgium does have its challenges. One of the biggest challenges is navigating the country's complex bureaucracy. Another challenge is the high cost of living, which can make it difficult to attract and retain employees. And finally, the language barrier can be a challenge for businesses looking to expand into Belgium. So if you're thinking of doing business in Belgium, make sure you are prepared for these challenges!

Business consultants in Belgium

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Tax and accounting in Belgium

If you're thinking of starting a business in Belgium, it's important to understand the country's tax and accounting system. Belgian businesses are subject to a number of different taxes, including corporate tax, value-added tax (VAT), and personal income tax. The good news is that there are a number of incentives available for businesses that invest in research and development. So if you're thinking of starting a business in Belgium, make sure you understand the country's tax and accounting system!

Accountants and bookkeepers in Belgium

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Tax advantages of doing business in Belgium

  • nominal rate of 25% corporate income tax (20% for SMEs). The effective corporate tax rate can be lower due to the following reductions and exemptions
  • the deduction for definitively taxed income
  • dividends received are 100% exempt
  • interest can be deducted if you take out a loan to acquire the shareholding
  • the investment deduction for investments in new assets
  • an exemption of 85% of the net income for innovation income from patents, copyrighted software, etc.
  • the carry-over of tax losses to the following years without limitation in time
  • the reverse charge of VAT on imported goods: you do not have to advance the VAT or pay a guarantee
  • Reduction in labour costs through reductions and exemptions from withholding tax on professional income

So if you're thinking of doing business in Belgium, make sure you take advantage of these tax advantages!

Tax advisors in Belgium

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Business Bank account in Belgium

Opening a bank account in Belgium is relatively easy, but there are a few things you need to know first. Firstly, you'll need to choose the right bank for your business. Secondly, you'll need to provide some documentation to open an account. And finally, you'll need to sign some paperwork and make an initial deposit.

Business banks in Belgium

Visa and relocation to Belgium

If you're thinking of starting a business in Belgium, you may also want to consider relocating to the country.

If you're an EU national and you want to move to Belgium to start a business, you can do so without hardly any paperwork at all. That is because EU citizens can live, work and start businesses in any other EU country.

For those from outside the EU, Belgian visas are relatively easy to obtain, and there are a number of benefits to living in Belgium. For example the level of education and the healthcare system in Belgium is excellent, and thirdly, the quality of life in Belgium is excellent.

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Office and corporate real estate in Belgium

When starting a business in a foreign country, it's important to have a physical space where you can work and meet with clients. And while it's possible to do business from home, most entrepreneurs eventually find that they need an office.

When it comes to finding an office in Belgium, there are a few things you need to keep in mind. Firstly, you'll need to decide whether you want a virtual or physical office. A virtual office is great for businesses that are just starting out, as it allows you to have a physical address without the added cost of renting or buying office space. A physical office, on the other hand, is ideal for businesses that are already established and need a place to work from.

Another thing to keep in mind when looking for an office in Belgium is the cost. Office space can be expensive in Belgium, so you'll need to make sure you have a realistic budget in mind.

Finally, when looking for an office in Belgium, it's important to make sure the space is suitable for your needs. The office should be big enough to accommodate your team, and it should also be furnished and equipped with the necessary tools and technology.

(Virtual) office providers in Belgium

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Fund your company in Belgium

There are a number of different ways to fund your company in Belgium. You can borrow money from a bank, raise money from investors, or take out a loan from the government. However, the most common way to fund a company in Belgium is by issuing shares. This involves selling part of your company to investors and receiving money in return.

If you're looking to raise money from investors, it's important to understand the Belgian investment landscape. There are a number of different types of investors in Belgium, including private individuals, venture capitalists, and investment funds. It's also important to understand the different investment instruments available in Belgium, including convertible loans, equity investments, and warrants.

Investors and lenders in Belgium

Hiring employees in Belgium

When you're recruiting employees for your business in Belgium, it's important to understand the Belgian labour market. There are a number of different ways to hire employees in Belgium, including via an agency, through a headhunter, or by posting a job ad.

Another thing to keep in mind is that Belgian labour law is quite complex. There are a number of different laws and regulations that apply to hiring employees in Belgium, and it can be difficult to keep track of them all. That's where a professional employment lawyer can help. They can advise you on the best way to hire employees in Belgium, and help you stay compliant with the law.

So if you're looking to hire employees for your business in Belgium, make sure you understand the Belgian labour market and hire a professional employment lawyer or adviser!

Legal advisors and lawyers in Belgium

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