Belgium Company Formation |
|
|||||||||||||||||||
If properly structured, Belgium company formation assists our clients to legitimately conduct tax-efficient international business by taking advantage of the European Union (EU) Parent/Subsidiary Directive and the country's double taxation treaty network. The following information will help you determine whether Belgium company formation is the optimum corporate structure to fulfill your international business objectives: |
||||||||||||||||||||
Advantages of Belgium Company Formation |
||||||||||||||||||||
| 1. | Under the terms of the EU Parent/Subsidiary Directive, dividends paid to a Belgian holding company by European Union (EU) subsidiaries are exempt from dividend withholding tax. |
|||||||||||||||||||
| 2. | If properly structured, a Belgian subsidiary company legitimately allows corporate shareholders (holding more than 10% of the Belgian company) to repatriate profits exempt from dividend withholding tax provided the corporate shareholder is resident in one of Belgium's 80 double taxation treaty partners. |
|||||||||||||||||||
3. |
It is easy to open global corporate bank accounts to support Belgium company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
|||||||||||||||||||
4. |
A minimum of one director with professional qualification is required for Belgium company formation. Corporate directors are permitted and the director need not be resident in Belgium. |
|||||||||||||||||||
5. |
Belgium is positively ranked as the world's 25th easiest place to do business, according to the 2011 Doing Business Survey by the World Bank. The country is also positively perceived as the world's 19th least corrupt country, according to the 2011 Corruption Perceptions Index by Transparency International. Additionally, Belgium is ranked 15th by the World Economic Forum on their Global Competitiveness Report 2011-2012. |
|||||||||||||||||||
6. |
In the 2010 Index of Economic Freedom by The Heritage Foundation, Belgium ranks highly as having the world's 30th-freest economy, and scores at 80% in terms of investment freedom and capital flows. |
|||||||||||||||||||
Disadvantages of Belgium Company Formation |
||||||||||||||||||||
1. |
A minimum share capital of Euro 18, 550 is required for Belgium company formation, based on a private limited liability company S.P.R.L./B.V.B.A. Euro 6,200 must be fully paid up. |
|||||||||||||||||||
2. |
A minimum of one shareholder is required for Belgium company formation. Corporate shareholders are permitted. |
|||||||||||||||||||
| 3. | A Belgian company pays a corporate profits tax of 33.99% on worldwide income on profits exceeding Euro 322,500 (approximately US$406,000). Taxable profits of less than Euro 25,000 (approximately US$31,500) are taxed at 24.98%. |
|||||||||||||||||||
| 4. | Annual audited financial statements must be submitted to the authorities following Belgium company formation. |
|||||||||||||||||||
5. |
Documents required in the Belgium company formation process must be translated into one of the official languages of Belgium. |
|||||||||||||||||||
6. |
Forbes Tax Misery Index 2009 rated Belgium as having the 3rd highest tax misery in the world. The index takes into account corporate income, employer social security, personal income, employee social security, wealth tax and VAT/sales. Forbes suggests the index can be used as a proxy to evaluate whether a country’s policy attracts or repels capital and talent. |
|||||||||||||||||||
Contact Us |
||||||||||||||||||||
For more information on Belgium company formation, contact email@healyconsultants.com or telephone us at (+65) 6735 0120. |
||||||||||||||||||||
Back to Europe Company Incorporation page. |
||||||||||||||||||||
| Back to Home page. | ||||||||||||||||||||
Buy Healy Consultants' Asia Business Set Up book. To order, call (+65) 6735 0120 or contact email@healyconsultants.com