Starting a Business in Belgium

Company Type	Time to Incorporate	Cost
BVBA	2 weeks	£3240

Directors Requirements

• Directors may be of any nationality and may reside anywhere
• Only one director is required
• There is no requirement to appoint a local resident director
• Directors need professional qualifications. 
• The director can be a person or a corporation

Shareholders Requirements

• Shareholders may be of any nationality and may reside anywhere
• Only one shareholder is required. This can be the same person as the director
• Nominee shareholders are allowed. Formacompany can provide this service
• The shareholder can be a person or a corporation

Power of Attorney

It is not a requirement to visit Belgium because it is possible to be represented by another person. A power of attorney certified with an Apostille or a Legalisation by a foreign notary must be used for this purpose. Formacompany can represent you as founder and/or shareholder before the notary at your request

Belgium Financial Plan

To incorporate a Belgium company a financial plan is required, we can assist in the drawing up of your financial plan.

This needs to include the following:

• Setting up of the accounting system and initial parameter setting
• Drawing up of the accounting plan ( financial, cost, budgetary accounting)
• Classification and entry of the accounting documents
• Description and justification of the amount of the initial capital
• Show the initial capital will cover the operations of the company for at least the first two years

Services we can offer when incorporating your BVBA company in Belgium:

• Examination and analysis of the new company
• Drawing up of the provisional accounts 
• Assisting in the drawing up of a business plan
• Study of the appropriate financial structure required
• Checking the regulations governing the company activity
• Drawing up of the articles of association with the notary
• Drawing up of a report in the case of contribution in kind
• Preparation of the dossier for the auditor
• Drawing up of the financial plan in accordance with the law
• Monitoring and obtaining of a certificate of aptitude in business administration and other certificates of aptitude from the Chamber of Commerce and Trade
• Monitoring the registration of the company in the Trade Register or the register of non-trading companies
• Supervision of the signing of the memorandum of association
• Application for VAT registration
• Registration of the company with a social insurance office for self-employed workers