Types of companies in Belgium
- Private limited liability company(Société de personnes à responsabilité limitée – S.P.R.L./B.V.B.A.)
- Responsibility
- Minimum capital
- Min. shareholders
- Generally, recommended for
- Private limited liability company(Société de personnes à responsabilité limitée – S.P.R.L./B.V.B.A.)
- Limited
- 18,550 €
- 1
Small businesses
- Private limited liability company starter (Société de personnes à responsabilité limitée starter – S.P.R.L.-S)
- Limited
- No
- 1
- Companies short of capital
- Public limitedcompany(Société anonyme – S.A./N.V.)
- Limited
- 61,500 €
- 2
- Large companies or SMEs
- European economic interestgrouping (Groupement européen d’intérêt économique)
- Limited
- 1 €
- 2
- European business partner
- Partnership (Société en
nomcollectif – SNC) - Unlimited
- No
- 1
- Several business partners
Corporate tax rate in Belgium
In Belgium corporate tax rate has been scale down in 2019:
- 20.40% for the first taxable income bracket between 0 and 100 000 €,
- 29.58% for the next incomes.
From 2021 those rates should decrease. It would be :
- 20% for the first taxable income bracket between 0 and 100 000 €,
- 25% for the next incomes.
Questions
Why should I incorporate my company in Belgium?
- There are a lot of European institutions in Belgium.
- The country is well located between Great Britain, France and Germany.
- An educated workforce.
- Transport Infrastructures are effective.
Which difficulties can be encountered in Belgium?
- Financial strains are important between Flanders and Wallonia.
- Transport infrastructure are saturated.
- Belgium depends on Western Europe.
- Public debt is high.
- The housing market is stretched.
- The unemployment rate is significantly high.
- The administrative system is complicated.
Which are the cultural specificities of the world of work in Belgium?
- Punctuality is very important.
- You have to wear formal dress.
- Being on a first name term comes around very quickly, sometimes during the first meeting.
- The business community in Belgium is very small, everyone knows each other. It is very important to maintain confidentiality.
