Belgium Company Formation

• BVBA’s shares can be totally owned by foreigners.
• A shareholder’s liability is limited.
• One Shareholder and One Director allowed
• Low Capital: (minimum share capital is 18,500 Euro with two thirds paid up when incorporating).
• Opportunities to conduct business through Europe.

Belgian law provides for the creation of the following types of companies:

• Private Limited Liability Company;
• Private limited liability company in one person;
• Cooperative Limited Liability Company;
• Joint-Stock Company.

Lawyers of the site “Investor Visa” recommend paying attention to the fact that there are no restrictions for foreign investors when choosing the legal form of their future company. However, the most popular of these are the Joint Stock Company (SA/NV) and the Private Limited Liability Company (SPRL/BVBA), which are worth considering in more detail.

1. SA/NV – joint-stock company.

Most often used in medium and large businesses, meets the following requirements:

• The size of the authorized capital is from 61,500 euros;
• The number of founders is at least 2 people, it can be both individuals and legal entities;
• The number of directors – 2 people with a minimum number of founders and from 3 people – in all other cases;
• Issued shares may be registered or bearer.

2. SPRL/BVBA is a limited liability company.

The company must meet certain conditions:

• The amount of the authorized capital is 18550 euros (it is possible to deposit into the account in instalments);
• The minimum number of founders and directors is one person;
• Shares are issued only registered, while their transfer has significant restrictions.

What you will receive after company formation is done:

• Belgium Certificate of Incorporation
• Memorandum of Association
• Articles of Association
• Company Extract
• Company Search Report
• Company Financial Statements
• Shareholder resolution on the appointment of the first managing director(s)
• Tax ID has to be obtained at the tax authorities