Europe Emirates Group can help you start your business in Belgium
Belgium company formation is mandated through the Besloten Vennootschap met Beperkte Aansprakelijkheid (BVBA) with limited liability. This vehicle also ties the liability of shareholders to the amount of capital invested in the business, with limitations of the transfer of shares.
The company name requires prior approval and a director and names of each shareholder in the company must be submitted along with addresses, proof of nationality, address, birthdate and establishing documents in the form of photographic ID. The provision of bank statements or utility bills (under three months old) is also required as proof of address, in addition to high school diploma and the business plan.
Directors can be non-resident and from anywhere in the world. There is no requirement for a locally appointed representative. Company formation in Belgium allows the director to be a corporation.
For individual directors, the qualifications of the person registered as the director will be scrutinised. The director of the company can also be the sole shareholder.
The business must submit a detailed financial plan, including disclosure on how accounting will be handled and providing relevant forms as well as financial information for the two years prior to filing, including information on how the company will sustain itself, information on capital investment in the firm and shareholder information.
A registered address is mandatory and shares need to be registered. There are limitations on how stock can be sold in the company. The company must deposit capital at the outset of formation, the amount of which will vary. The plan has to be given to a notary and an official notice must be published in the Belgium Official Gazette.
The deed of incorporation is brought to the Register Office where the final stages involve filing with the Local Commercial Court and registering with the Register of Legal Persons. Registering for VAT and with social security completes the process and an identification number is provided. After the company receives its VAT number, it has three months to register with the Office of Social Security.