Belgium

The land of chocolate and beer! Belgium is the biggest exporter of chocolates in the world. Belgians speak French and Dutch language. There is also a small part on south where people chose to speak German. More than half diamonds sold around a world pass through Antwerp, which has the second biggest port in the EU.

Belgium company registration has somewhat different mandatory requirements then most of the EU jurisdictions, such as Business plan is mandatory, as well as VAT registration and local bank account.

Corporate tax VAT
29.6% 21%

Limited liability company

S.P.R.L./B.V.B.A.

Minimum Share capital

18600 EUR. Min to pay is 6200 EURN

Registered office required

No

Physical office required

Yes

Min. number of Shareholders

1

Min. number of Directors

1

Local Director required

No

Other requirements

A business plan in needed for forming a company. A local bank account is mandatory.

Bank signatory must travel

Yes, in most cases

Timescale for company formation

21 days

Timescale for bank account opening

7 day

Timescale for obtaining VAT number

7 days

Statutory audit requirements

Yes

Shelf companies available

No

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