Belgium — Business: Company Formation

Key facts

• A company in Belgium can be formed by either a notary or online with the Crossroads Bank for Enterprises, not the National Bank of Belgium as stated in the current document.

Steps

1. Step 1: Choose a Business Structure — Decide on the type of company to form, such as a limited liability company (LLC) or a joint-stock company (SA).
2. Step 2: Register the Company — Submit the necessary documents, including the company name, registered office, and minimum capital to the National Register of Legal Entities.
3. Step 3: Obtain Licenses and Permits — Obtain necessary licenses and permits from the relevant provincial authorities, although specific requirements are uncertain.

Costs

• Company registration fee: €111.50 for registering with the Crossroads Bank for Enterprises

Timelines

• Company formation timeframe: approximately 1-3 weeks

Required documents

• Company name reservation
• Articles of association
• Register of shareholders
• Proof of identity and address for directors

Common mistakes

• Failing to comply with provincial regulations
• Not obtaining necessary licenses and permits