Company formation in Belgium

Belgium is a potential attractor for foreign investors and entrepreneurs. This is not least due to its unique location at the very center of the European market, which gives it direct access to the EU's large and rich customer base. This jurisdiction provides numerous business opportunities in European markets. Belgium also ensures that the favorable conditions for entrepreneurs from various industries are maintained and improved.

Manimama ensures a seamless company registration process in Belgium. Trust us to provide expert guidance and support, so your business can thrive from day one in Belgium. Start your journey with confidence, knowing you have the best team by your side.

Belgium

Legal Opinion about Belgium as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama, CEO

"Belgium is an attractive jurisdiction for company formation due to its strategic location in the heart of Europe, robust infrastructure, and highly skilled workforce. Belgium offers a stable political environment and a supportive legal framework, ensuring smooth and efficient business operations. These factors make Belgium a prime choice for establishing a company aiming for growth and international reach".

Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

€5,500

  • Company formation in Belgium
  • Opening a bank account
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Additional services

€1,000

  • Registered address for 1 year
  • VAT registration
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Documents

€600

  • Apostille corporate documents (Certificate of incorporation and Articles of Association)
  • Document delivery
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Key Numbers about Belgium as a Jurisdiction for Company Formation

2 weeks

average term of company formation

аt least 1

shareholder in the company

аt least 1

director in the company

25%

corporate income tax (CIT) rate

25-50%

personal income tax (PIT) rate

21%

value-added tax (VAT) rate

Set up Your Company in Belgium in Several Steps

Step 1. Initial setup

  • Initiating a preliminary project assessment
  • Preparation and filing of the package of documents

Step 2. Selecting and registering the company name

    Choose a name that will exclusively represent your company. It is this name that will be used to brand and register the company. If no existing business operates under the same name, the choice of company name is not restricted in Belgium

Step 3. Choosing a business address

    You must choose an official address where your business will be registered. After registration, this address will become the so-called "seat" of the company

Step 4. Drawing up company documentation

    It is necessary to draft and obtain notarized articles of incorporation

Step 5. Opening a bank account

    It is a mandatory step for all Belgian companies and this account will be used to deposit the share capital

Step 6. Creating a business plan

    The business plan is a document in which you detail your short- and long-term goals and your strategy for achieving those goals. The financial plan is the numerical part of the business plan. The submission of a business and financial plan is required by law

Step 7. Definition of the economic activities of your business

    The types of economic activities your business will engage in are determined on the basis of a specific list of codes, called NACE codes, and are an important part of registering your business with the Crossroads Bank for Enterprises

Step 8. Registration at the Crossroad Bank for Enterprises

    Registering your company in the Crossroads Bank for Enterprises and obtaining your company number is one of the most important steps in the process. After registration you will get a company number that can function as social security and VAT number

Step 9. Registering the company in the General Administration of Taxes

    A business established in Belgium must register for VAT at Federal Public Service Finance if it is subject to VAT

Step 10. Registering with the social insurance fund

    You must join it to pay social security contributions

Requirements for Company Formation in Belgium

Before deciding to set up a new company in Belgium, read the information below to understand the characteristics of a Limited liability company (LLC) / Besloten Vennootschap (BV) or Société Privée à Responsabilité Limitée (SPRL):

Shareholders: at least one shareholder who may be a foreigner and do not have to be permanently resident in Belgium to complete the registration procedure.

Director: at least one director who may be a foreigner and do not have to be permanently resident in Belgium to complete the registration procedure.

Company Secretary: not required.

Minimum Share Capital: minimum capital of €18,550 is required.

Registered Office: your company requires an official office in Belgium and must be provided for company registration in Belgium.

Liability: the shareholders are only liable up to the amount of their contribution.

Taxes in Belgium

Corporate income tax (CIT)

Business is subject to CIT if it:

  • is a company from a legal point of view, under Belgian or foreign law;
  • engages in business or transactions of a profit-making nature (in Belgium or abroad);
  • has its registered office or principal place of business in Belgium;
  • is not expressly exempt from CIT;
  • is not expressly liable to pay the tax on legal persons.
  • The CIT rate is 25%.

    Certain business sectors benefit from reduced rates.

    Businesses exercising in certain specific categories of business (for example, the voluntary sector, education, personal assistance, etc.) are exempt from corporation tax (and may be subject to tax on legal persons).



    Personal income tax (PIT)

    The PIT has progressive tax rates. This means that the higher your income is, the higher the rate of tax you pay. The PIT is calculated on all taxable income, even if some of it was realized or received abroad.

    The progressive tax rates (tax year 2024, income 2023) are:

    • from € 0,01 to € 15,200 - 25%;
    • from € 15,200 to € 26,830 - 40%;
    • from € 26,830 to € 46,440 - 45%;
    • more than € 46,440 - 50%;


    For a Belgian resident:

    Anyone subject to the PIT is entitled to a "tax-free allowance". This means that part of the taxable income is not taxed. The tax-free allowance is € 10,160 (tax year 2024, income 2023). This tax-free allowance may increase depending on personal circumstances (for example, if dependent children).

    The amount of tax you pay is also reduced if you have:

    • certain types of income (e.g. foreign income, pensions and substitute income, etc.);
    • certain expenses (e.g. childcare, pension savings, etc.).

    Some income is not taxed at these progressive rates and is instead subject to separate rates (e.g. certain supplementary pension capital).



    For a non-resident:

    If the earned income that is taxable in Belgium amounts to at least 75% of the total earned income (both the Belgian and foreign earned income), a non-resident is entitled to a ‘tax-free allowance’. This means that a portion of your taxable income is not taxed. The tax-free allowance is EUR 10,160 (for 2023 income). It may be higher depending on your personal situation (e.g. if you have any dependent children).

    The amount of tax you pay is also reduced if you have

    • certain types of income (e.g. pensions and substitute income)
    • certain expenses (e.g. childcare, pension savings, etc.)

    Numerous tax benefits are also subject to the condition that the earned income that is taxable in Belgium accounts for at least 75% of the total earned income.



    Value-added tax (VAT)

    The standard rated VAT in Belgium is 21%, and applies to all supplies of goods and services not specified as being subject to any of the other rates.

    Reduced rates:

    • 6% rate applies to the goods and services outlined in Royal Decree no. 20.;
    • an intermediate 12% rate is applicable to a limited number of transactions;
    • the 0% rate can only be applied to a very limited number of goods, periodicals (based on certain conditions), and waste products; it is also applicable to pro bono services of lawyers and bailiffs.

    Double taxation avoidance agreements in Belgium: Australia, Bahrain, China, Germany, Finland, France, Greece, United kingdom, Ireland, Japan, South Korea, Luxembourg, Malta, Macedonia, Mexico, Netherlands, Norway, Austria, Poland, San Marino, Singapore, Switzerland, Czech Republic, Turkey, Uruguay, Vietnam.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Belgium:

Expertise in Belgian Regulations

  • 1. Manimama has an in-depth understanding of Belgian legal and regulatory framework.
  • 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

  • 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
  • 2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

  • 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
  • 2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

  • 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
  • 2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

  • 1. We have established strong relationships with local authorities, banks, and service providers.
  • 2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

  • 1. We provide continuous support to ensure your business remains compliant with Belgian laws.
  • 2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently Asked Questions

  • What are the key benefits of forming a company in Belgium?
    Belgium offers a central location in Europe, favorable tax treaties, and a skilled workforce.
  • Can a foreigner be a director of a Belgian company?
    Yes, the director of a Belgium company can be a Belgium citizen or a foreign citizen.
  • What are the tax implications for companies in Belgium?
    Corporate income tax is 25%, with various deductions and incentives available for specific activities.
  • Is it necessary to have a physical office in Belgium to form a company?
    Yes, a registered office address in Belgium is required for company formation.
  • Do Belgian companies need to have local shareholders?
    No, there is no requirement for local shareholders; companies can be wholly owned by foreigners.
  • What is the importance of the Crossroads Bank for Enterprises in Belgium?
    The Crossroads Bank for Enterprises is the central business registry in Belgium where all companies must be registered to obtain a unique business number.

Client Feedbacks

"I loved how Manimama put our business needs first. Their client-focused approach made the whole process feel collaborative".

"Manimama was efficient and avoided unnecessary costs. I was impressed by their commitment to value".

"Manimama had the expertise to guide us confidently".

Manimama as the Best Solution for Your Company Formation in Belgium

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.

Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.

Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.

Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Belgium, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Belgium and pave the way for your business success.

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