BELGIUM COMPANY FORMATIONBelgium offers to its international investors a flexible taxation system, pro-business environment, extended network of double taxation agreements and a highly qualified workforce. Belgium SPRL company is the most popular type of companies owned by foreign investors due to reduces tax burden on shareholders.
- Total Area: 30,528 Km2
- Total population: 11,250,585
- Time zone: CET (UTC+1), Summer (DST) CEST (UTC+2)
- Currency: Euro (€) (EUR)
- Official Language: Dutch, French, German
- Register your Company in Belgium in 2 weeks.
- We provide you with the most competitive price.
- We maintain complete confidentiality.
- A dedicated relationship manager will assist you throughout the process.
- We can help you register a company with a bank account; without any need to travel the whole process can be taken care of remotely, you can access your account using Internet banking and Debit card.
- Our price for setting up a company is $ 5440.
- Renewal Fees after one year $ 1740.
- Professional services for preparation and submission of documents to registrar.
- Payment of state duty for registration of a company.
- Acquisition of a registered office.
- All Corporate Documents.
- 1 Director.
- 1 Shareholder (Limited Liability Company), 2 Shareholders (Public Limited Company).
- Minimum Share Capital: €18,500(Limited Liability Company), €61,500 (Public Limited Company).
- Register with the Belgian Commercial Register.
- Obtain the necessary special permits and licenses.
- Physical Office is required.
- Proof of identity (Current valid Passport, National ID card).
- Proof of Residential Address of the chosen Shareholders and Directors.
- Resolution to open a bank account, rent an office, appoint first director/shareholder, engage a Phone, Internet & Website service provider, hire a staff member/s.
- Agreement authorizing to represent the company in commercial negotiations.
- Resolution issuing a Power of Attorney authorizing to sign documents on behalf of the company.
- Register of directors/shareholders.
- Financial Plan.
- M & AA, Certificate of Incorporation, Latest Annual returns and financial statements in case of a Corporate Shareholder.
- Nominee Shareholder: $ 500
The Belgium Company Act regulates the process of incorporation for all types of companies as well as supervising the legal activity of the businesses. There are mainly four types of company formation choices in Belgium:
- Belgian Private Limited Company
- Belgian Public Limited Liability Company
- Belgian one-person Private Limited Company
- Belgian Cooperative Company with Limited Liability
Three names must be submitted at the Belgian Register of Companies (KBO/BCE). A name may be rejected if it is considered as similar or lead to confusion with a name of an already registered legal entity. The suffix will depend on the choice of legal entity.
Belgium has a corporate income tax of 33.99% and it includes a 3% called "crisis surcharge", which was introduced by the Belgian government in 1993, as a crisis complementary tax contributing to social security funding.
However, Belgian corporations with a taxable income of under EUR 322,500 are subject to reduced rates, if the company pays an annual taxable income of at least EUR 36,000, the company is not a holding company, nor does 50% of the company belong to one or more companies. Payroll taxes, real property taxes and social security taxes and a transfer tax are also among the taxes for companies in Belgium. Accounting services are needed for new businesses in Belgium, the dividend tax is set at 25%, but a 15% reduced rate applies to residential real estate investment companies.
Belgium is particularly attractive as a location for a holding company because of the possibility of deducting interest expenses (including notional interest expenses), combined with a 95% deduction for dividends received and a tax exemption for capital gains realized on shares.
Based on the dividend received deduction, 95% of the dividends received are deducted from the taxable income. This deduction is only applicable to the extent that there is sufficient taxable income available, from whichever source or nature, from which the deduction can be made. Thus, if the holding company has losses, or insufficient taxable income, all or part of the 95% deduction may be lost. In addition, dividends are not deductible from a number of non-deductible expenses.