The Belgium BVBA (Besloten Vennootschap met beperkte aansprakelijkheid) is the most employed type of company in Belgium. The Belgium BVBA is the equivalent of the German GmbH and the American limited liability company and most commonly used for small and medium businesses.
Company incorporation in Belgium is an easy process which doesn’t take longer than one week if all the procedures are respected and all the documents (translated in French or accompanied by a French translation or translated into Dutch or accompanied by a Dutch translation, depending on the area where the business is settled) are properly submitted. A registered office or a virtual office is mandatory for setting up a company in Belgium.
|Entity type and suffix:||Limited liability company, BVBA
|Shareholders/Founders:||at least 1 person or legal entity, foreign entities accepted|
|– Documents||Copy of I.D. document of a founding partner(s)|
|Directors:||at least 1 natural person, non-resident directors accepted|
|– Documents||Copy of I.D. document of a person to be registered as a director|
|Share Capital:||The minimum share capital requirement is 18.500 €..|
|Residency:||An entity generally is considered a resident of the EU if it is registered or has it’s management and control in the EU.|
|Corporate tax:||20 – 25%|
|VAT:||The standard rate of VAT is 21%. A reduced rate of 6% is levied on the supply of certain goods and services.|
|Annual financial report:||Yes|
|Registration address:||Yes, can be virtual
|A Company bank account:||Company bank accounts can be opened at any bank, after establishment of the company.
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