Belgium Besloten Vennootschap met Beperkte Aansprakelijkheid (BVBA) Company Formation
The majority of foreign-owned companies in Belgium are Besloten Vennootschap met Beperkte Aansprakelijkheid (BVBA) companies. Similar to limited companies in the UK, and GmbH companies in Austria and Germany. A BVBA is a legal entity that is separate and distinct from the individuals who run it.
A Belgian BVBA reduces the tax burden on shareholders by providing access to the large network of double taxation treaties Belgium has signed with other nations across the world.
Company Name
The company name must be unique and not deceptively similar to any other company registered in Belgium. We are able to conduct a company name check to ensure your proposed company name will be approved by the Belgium authorities.
Registered Office
Companies in Belgium must have a registered office in Belgium. This is where official company documents may be legally served and also where the company director and shareholder registers must be kept. We will provide a registered office as part of our incorporation package.
Directors
Only one director is required to incorporate in Belgium and there are no restrictions on the nationality or residency.
Shareholders
Only one shareholder is required , there are no restrictions on nationality.
Share Capital
The minimum share capital requirement is replaced by the obligation for the shareholders of a BV/SRL to ensure that there are sufficient funds to carry out its intended activities.
Filing Requirements
Annual financial statements and annual returns must be filed with the Belgian Authorities.
Timescale
Once we have received all the necessary information and documentation, including identification documents for the director and shareholders, the incorporation process in complete in two weeks.
Fees
Belgium Company Formation – £3500
Company Administration & Registered Office – £1750
Bank Account Assistance (if required) – £640
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders with up to date proof of residency.
Travel
To set up your company a visit to Belgium is not usually required.
