| LLC | Starter LLC | JSC | Branch | Rep. Office | |
|---|---|---|---|---|---|
| Local Name | 5 days | 5 days | 10 days | 10 days | 10 days |
| Company Setup Time | 5 days | 5 days | 5 days | 5 days | 5 days |
| Bank Account Opening | Yes | Yes | Yes | No | No |
| Government Grants Available | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | No | No |
| Limited Liability | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Belgium Limited Liability Company (Société à Responsabilité Limitée or SPRL)
- In order to incorporate a Belgium LLC (SPRL), at least one shareholder and one director are required by law. They don’t have to be Belgian and can be residents of any country. The minimum capital paid-up is € 18,550.
- It is also mandatory to have a Belgian corporate bank account. A business plan and a local office address.
- To meet these legal prerequisites, we help opening the account on your behalf. We can also assist you in drafting the business plan and finding a permanent business address for your entity.
Belgium Starter LLC (Starter SPRL)
- This type of business entity is the most suitable for startups. According to Belgian corporate norms, during the first three years of its operation, this entity is exempted from having a paid-up capital. After this time period, the company is required to have an amount of €18,500 as share capital.
- While it is considerably easy to form, there is also a higher risk of debts and losses under such a structure due to the absence of share capital in the first three years.
Belgium Joint Stock Corporation (Société Anonyme or SA)
- To incorporate a Belgian joint stock corporation, its required two shareholders, three directors, a minimum share capital of € 65,550. A statutory auditor must be appointed at the beginning of this business entity. We can guide and assist our clients with this.
- Belgian joint stock corporations are permitted to issue new shares and can also get listed on the Brussels stock exchange or any other stock exchange in the European Union. This type of business entity is suitable for businesses that want to raise more capital to support their business operations.
Belgium Branch (Succursale)
- These entities can carry out revenue-generating activities. A representative must be appointed who can be a resident of any country, it’s not required to reside in Belgium. These business entities are required to submit audited financial statements of the parent company.
Belgium Representative Office (Bureau de Liaison)
- Belgium Corporation Law sets the same guidelines for both the branches and the representative offices. A representative office must also follow the same legal formalities as the branch. This entity is also required to submit the financial statements of its parent company. However, it is exempt from tax liabilities as it is not allowed to carry out any commercial activities.