When looking for a jurisdiction in which to incorporate, the first thing to look at is the legal code. The body of law in BELGIUM is civil law (napoleanic code) law. You will want to get some local advice as to how to best structure a company in BELGIUM. E-signatures are allowed.
The letters BE is for BELGIUM and the most common company type type in BELGIUM is a SPRL, BVBA.
You should expect a wait time of 2 Days to put together the paperwork and file a SPRL, BVBA in BE. The types of consideration you can use to fund your legal entity is most commonly EUR and Any legal tender.
Yes, one is allowed to re-domicile a SPRL, BVBA from BE. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a SPRL, BVBA in BE by yourself. Corporate Shareholders are encouraged, which means you can have a corporate shareholder. Foreign ownership is permitted, up to 100% of the total equity of the company.
A legal entity is only required to have 1 director on the board. Furthermore, corporate directors are permitted. Directors should not expect to be private, as they are disclosed. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered legal firm must be retained for an address, paid by the company on an annual basis, for an agent which can receive any official legal correspondance on behalf of the business. However, a company secretary is not required in BE, which can save the company money if you can perform basic corporate governance internally.
There is a legal obligation to file accounts on a yearly basis. Consequently, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Belgium Civil Law (Napoleonic Code) is EUR 6,200.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Belgium, Belgian Chambers. Shareholders are disclosed in the Belgian Chambers.
Typically companies take 2 days to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Belgium is a good option and have given it a score of 75 as an IO score, using the Incorporations.IO proprietary formula.
2 Daysto form