BENCHMARK YOUR COSTS
Feb 15, 2021 Florent Hainaut #Business

7 steps to launch your company in Belgium?

1. First check whether you can set up a business in Belgium.

To find out more, click here

If you are a foreigner living in Belgium, you may need a business card. The formalities vary depending on the region in which you set up your business.

2. Business format

Are you going to start as a "natural person" or a company or are you going to open a limited liability company?

The Company Code has recently been amended to make it easier. You will find all the advantages of each legal form in our article: the 2020 Company Reform: a summary of the 4 legal forms.

3. Opening a bank account

When you are going to set up a business, you must obtain a separate current account for your business activities. Many businesses use a personal business advisor who will give you advice on the banking services you need.

Find all Belgian banks with customer testimonials in 1 click.

4. Register your company and manage your staff

You need to register your business and obtain a business number, which also serves as your VAT and social security number, from the Central Bank of Enterprises. You can do all this through an enterprise counter or a one-stop shop. These business counters are often affiliated to social secretariats. Take advantage of this to carry out the formalities for your self-employed contributions and for the salary management of your staff.

Find the list of all social secretariats in Belgium.

5. Calculate the accounting

To manage your accounts, you will need to call on the services of an accountant who will, among other things, take care of the closing of your accounts, your VAT returns and balance sheets. If you are self-employed, Accountable is a Belgian start-up that has launched an innovative solution dedicated to the self-employed.

6. Insure your company and your employees

For insurance, you can in some cases take out insurance directly with the insurance companies or you can work with an insurance broker who will negotiate insurance contracts for you and take care of the day-to-day management of your insurance.

Find the different B2B insurance and insurance companies

Compare all major B2B insurers in Belgium.

7. No time to take care of your overheads? Find and compare suppliers :

- Energy

- Telephony

- Office Supplies

- Company cars

- Fuel cards

- Meal vouchers

- Cleaning

- Coffee machine