Setting up a Business in Belgium

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
Besloten vennootschap met beperkte aansprakelijkheid (BVBA) is a Private Limited Company.
 
 
18,550 € entirely subscribed and released up to minimum 6,200 €.
Minimum 2 partners: 1 person for the sole proprietorship.
 
 
Partners' liability is limited to the amount contributed.
Fixed registration fee of EUR 25 + publication costs EUR 214.53 + notary fees around EUR 900 + registration fee EUR 73 + VAT registration EUR 50.
Naamloze vennootschap (NV) is a Public Limited Company.
 
 
61,500 € totally subscribed and released.
Minimum 2 shareholders.
 
 
Partners' liability is limited to the amount contributed.
Fixed registration fee of EUR 25 + publication costs EUR 214.53 + notary fees around EUR 900 + registration fee EUR 73 + VAT registration EUR 50.
Vennootschap Onder Firma (VO) is a general partnership.
 
 
No minimum capital.
Minimum 2 partners.
 
 
Partners' liability is joint and several.
Fixed registration fee of EUR 25 + publication costs EUR 214.53 + notary fees around EUR 900 + registration fee EUR 73 + VAT registration EUR 50.
Commanditaire Vernootschap (CV) is a limited partnership.
 
 
No minimum capital.
Two types of partners: active partners and sleeping partners.
 
 
Active partners' liability is joint and several, while the sleeping partners are liable for debts until the amount of the sum contributed.
Fixed registration fee of EUR 25 + publication costs EUR 214.53 + notary fees around EUR 900 + registration fee EUR 73 + VAT registration EUR 50.
The co-operative company (SC) with unlimited and joint liability (SCRIS) or gathers a group of companies.
 
 
No minimum capital.
Maximum 3 partners.
 
 
Partners' liability is joint and unlimited on their whole personal assets.
Fixed registration fee of EUR 25 + publication costs EUR 214.53 + notary fees around EUR 900 + registration fee EUR 73 + VAT registration EUR 50.
The co-operative company with limited liability (SCRL) is similar to the BVBA / SPRL.
 
 
18 550 € released up to BEF 6 200 €.
Maximum 3 partners.
 
 
Partners' liability is limited to the amount contributed.
Fixed registration fee of EUR 25 + publication costs EUR 214.53 + notary fees around EUR 900 + registration fee EUR 73 + VAT registration EUR 50.
 
 

Business Setup Procedures

Administrative Formalities
Belgium has simplified start-up procedures. It is now the European leader in terms of how long it takes to set up a new business. The time you need to complete the administrative formalities to set up your business in Belgium has been slashed from 56 days to just 3 days. More information on Invest Belgium.
The Competent Organization
The bank, the notary and the business one-stop shop.
Time Necessary for Registration
6 to 8 weeks.

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