Belgium Company Formation

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.

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.

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.

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.

Belgium is positively ranked as the world's 22nd easiest place to do business, according to the 2010 Doing Business Survey by the World Bank. The country is also positively perceived as the world's 21st least corrupt country, according to the 2009 Corruption Perceptions Index by Transparency International. Additionally, Belgium is ranked 18th by the World Economic Forum on their Global Competitiveness Report 2009-2010.

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.

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.

A minimum of one shareholder is required for Belgium company formation. Corporate shareholders are permitted.

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%.

Annual audited financial statements must be submitted to the authorities following Belgium company formation.

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