Business
Belgium — Business: Limited Company
Limited companies in Belgium, also known as naamloze vennootschappen (NV) or sociétés anonymes (SA), have specific requirements and considerations for setting up and maintaining a business, including a minimum share capital of €61,500 and a registration process that may include notary fees.
Why this matters
Relocating entrepreneurs and business owners should care about the process of setting up a limited company in Belgium to ensure compliance with local regulations and minimize potential risks.
Key facts
- Limited companies in Belgium are required to have a minimum share capital of €61,500 and at least one-quarter of it must be paid up at incorporation.
Steps
- Step 1: Preparing the Company's Articles of Association — The articles of association must be drafted in accordance with Belgian law and include the company's name, purpose, share capital, and other essential details.
- Step 2: Filing the Articles of Association with the Crossroads Bank for Enterprises — The company's articles of association must be filed with the Crossroads Bank for Enterprises (Kruispuntbank van Ondernemingen) within eight days of their approval.
- Step 3: Registering the Company with the Belgian Chamber of Commerce — The company must be registered with the Belgian Chamber of Commerce within one month of its incorporation.
Costs
- Notary fees: €500-€2,000
Timelines
- Time to set up a limited company: 1-6 weeks
Required documents
- Articles of association
- Company's name and purpose statement
- Share capital certificate
- Director and shareholder identification documents
Common mistakes
- Inadequate preparation of the articles of association
- Failure to file the articles of association with the Crossroads Bank for Enterprises within the required timeframe
AI confidence note (remove before publishing)
The information provided is based on publicly available sources and official guidelines, but it is recommended to consult a professional or an official source for up-to-date and personalized advice.