Belgium Company Formation
An Introduction to Belgian Company Formation
Belgium lies at the political heart of the European Union and it is the most cosmopolitan of all EU states. This may go some way to explaining its strong free-market approach to businesses considering Belgium company formation. The authorities impose relatively few restrictions on foreign companies operating within the country. It is also the most prosperous country in the EU apart from Luxembourg. For more information on Belgium incorporation, and how to open a Belgium company, please contact us.
What are the most common types of Belgium company formation?
- company limited by shares (S.A./N.V.)
- private limited liability company (S.P.R.L./B.V.B.A.)
Foreign companies seeking Belgium incorporation may operate either through a subsidiary (incorporated under Belgian law) or as a branch (incorporated under the law of the country where the parent is based).
How much share capital is required to establish a company limited by shares (S.A./N.V.)?
For a subsidiary, minimum share capital is €61,500, which must be fully subscribed and paid up. For a branch, no minimum capital is required.
What are the formalities regarding Belgium incorporation as a S.A./N.V.?
- incorporation by deed through a notary
- articles of association to be published in Belgian Official Gazette
- language of documents to be French or Dutch according to city
- two-year preliminary financial plan required
- branch must file parent company's accounts with National Bank of Belgium
What other requirements are there for a S.A./N.V.?
- at least two shareholders, and at least three directors
- statutory audit annually
- no residency or nationality requirements
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How much share capital is needed for a private limited liability company S.P.R.L./B.V.B.A.?
The minimum share capital for a S.P.R.L./B.V.B.A. is €18,600, of which at least €6,200 must be paid up.
What are the other features of a S.P.R.L./B.V.B.A.?
- the company has to have at least one shareholder
- this form of company admits only one director
- shareholders are responsible only for the assets they brought into the business
What other types of Belgium company formation are there?
The other main business entity is the European Economic Interest Grouping (EEIG) – a cross-border partnership comprising partners from European countries – no capital required, no requirements for separate financial accounts, partners taxed individually.
We specialise in the following Belgium company services:
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