What is a BVBA in Belgium?

A Belgium Limited Liability Company (BVBA) is similar to a UK Limited Liability Company (LLC). The shareholders liabilities are limited to the value of their share capital in which they subscribed. The official name for a BVBA is “Besloten Vennootschap met Beperkte Aansprakelijkheid”.

How to open company in Belgium?

The conditions for starting a small business in Belgium are: have the right age (over 18 years or age or 16 for craftspeople), have a visa for Belgium (only for certain foreign nationals), register the business and obtain a company number. The company needs to have a unique name and a bank account.

Can foreigners start a business in Belgium?

Who can start a business in Belgium? Starting a business in Belgium is fairly straightforward for anyone who is a resident and over 18 years old (16 for craftspeople). Foreigners can set up a business in Belgium, although non-EU/EFTA nationals may need a visa to enter Belgium as well as a Belgian residence permit.

How do I register my small business in Belgium?

How to start a company quickly in Flanders

1. Step 1 – Select the right business type.
2. Step 2 – Open a current account.
3. Step 3 – Establish a corporate entity.
4. Step 4 – Apply for your unique business number.
5. Step 5 – Activate your VAT number.
6. Step 6 – Register with a social security fund and a health insurance fund.

What business is good in Belgium?

Tourism is one of the fundamental businesses in Belgium. Significant vacation spots are engaged around the islands celebrated shorelines situated in the southern and the eastern parts of the nation. Moreover, the antiquated legacy locales are additionally mainstream in the nation.

How do I get a professional card in Belgium?

Apply for a professional card

1. Choose where you want to take up residence. Choose where you want to set yourself up as a self-employed person in Belgium.
2. Stap 2. Prepare your application file.
3. Stap 3. Have the supporting documents translated.
4. Stap 4. Submit your application and pay the fees.

Which business is best in Belgium?

The following are few business ideas that you can start easily in Belgium:

• Farming. Essentially, the nation’s economy depends massively on the horticulture.
• Lawn Plant Nursery.
• Mobile phone Repair.
• Fare Import.
• Data Technology.
• Pants Making.
• Land and Construction.
• Retail.

How can a foreigner start a business in Europe?

Despite the different laws regarding business permits for foreigners, there is one regulation most European countries share: foreigners intending to open a business do not need a work permit or any other type of visa. They simply need a residency permit in the country where they intend to establish their business.

What does bv mean in Belgium?

A private limited company, or in Dutch a besloten vennootschap (bv), is a business structure with legal personality. This means that the bv is generally speaking liable for any debts, rather than you as an individual. As a director, you are an employee of the bv and you act on its behalf.

What is a VOF in Belgium?

Vennootschap onder firma (VOF): a general partnership is a partnership entered into between jointly and severally liable partners who have unlimited liability. All decisions must be taken unanimously, unless the partnership agreement provides for decisions to be taken by a majority.

How can I sell food in Belgium?

Entrepreneurs who want to obtain the necessary special permits and licenses for doing business in Belgium need to contact the relevant authorities. When dealing with foodstuffs, entrepreneurs must obtain a license from the Federal Agency for the Safety of the Food Chain by submitting an application.

Which EU country is easiest to register a company?

Denmark. Denmark is the country ranked first for ease of doing business by the World Bank in Europe – and very rightly so.

Which European country is best to open a business?

According to the Ease of Doing Business Index we found the top 5 European countries to set up a business in:

• Germany. The fact that Germany is the largest economy in Europe and the fourth largest in the world says it all.
• Ireland.
• The Netherlands.
• Norway.
• Sweden.

What is the difference between BV and BVBA?

BV is the new short form for “besloten vennootschap”, which was previously called BVBA. The shareholders of a BV have limited liability, i.e. they only commit to their contribution. In the event of bankruptcy, the creditors cannot appeal to the private assets of the shareholders, unless in exceptional cases.