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Entering the Market in Belgium

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Entering the Market in Belgium

Belgium Business Experts

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  1. Thank You Discovery Investment

    I have been trying to get a loan for some time now due to the large sum amount of the money to expand my business in Finland but i was unable to get a loan due to my credit score All other corporation/bank turned me down. Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay. So i am using this opportunity to inform ev

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  2. Thank You Discovery Investment

    I have been trying to get a loan for some time now due to the large sum amount of the money to expand my business in Finland but i was unable to get a loan due to my credit score All other corporation/bank turned me down. Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay. So i am using this opportunity to inform ev

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Why Expand to Belgium?

Belgium is neatly tucked between France and the Netherlands and has a number of reasons why it should be considered as a possible country to move your business. Although a reasonably small country it is thought of as one of the global leaders in political and economic activity as it is a member of both the European Union (EU) and the North Atlantic Treaty Organisation (NATO). With the UK and Belgium being major investors in each others economies and approximately 26,000 British citizens living in Belgium it has become an exciting time to consider starting up a business in Belgium. Foreign investors have the same legal rights and obligations as domestic entities and the well known productivity in Belgium is one the highest in the world. With such a high standard of education and training the Belgiums have created an incredible workforce. Belgium is a hub of activity and makes it an exciting country to invest in.

What's the Attraction for UK Business?

Even though there are three languages in Belgium there is plenty of room for their fourth, unofficial language of English, making it a great choice of country for British businesses. Belgium is barely a stones throw from the UK, which means its very accessible for UK companies. Starting a business in Belgium is easier done than said.

Business Opportunities

There are several growing industries UK companies interested in expanding or licensing a business in Belgium should consider. A number of opportunities are shown below:

  • Software & Computer Services - With the world becoming smaller through the use of computers and software everything is easier to access. There seems to be no end to growth in this sector throughout the world. Registering a business in Belgium in these sectors may be highly profitable.
  • Telecoms - Telecoms are going from strength to strength, with many households having phones and mobiles. The every changing technology means its becoming a trend of its own to have the latest handset.
  • Chemicals today we find chemicals in all sorts of products and with many companies looking towards being more environmental conscious there is plenty of room to help save the planet as well as make money.
  • Consumer goods also known as final goods. These are sold to the mass market and are consumed or used straight away.
  • Food and drink - We all know about Belgium chocolate and Belgium beer and although both are delicious there is an increasing market for ethnic taste, frozen and convenience foods. It's a key sector for licensing or incorporating a business in Belgium.
  • Gardening it has increased in popularity, whether gardening for pleasure or wanting to grow your own veg it certainly is a good time to be getting into the green finger market.
  • Biotechnology and Pharmaceuticals
  • Mechanical and electrical engineering
  • Security with increasing technologies it has become easier, as well as important for businesses and households to invest in security.
  • Water probably one of the single most important things to human kind, this sector is unlikely to decrease

There are several main cities that you may consider as possible areas when setting up a business in Belgium. They are:

  • Brussels
  • Antwerp
  • Ghent
  • Charleroi
  • Lige
  • Bruges

Challenges Foreign Companies Face

Belgium is known for traditionally having an open economy and welcomes foreign investors. However like starting up a business at home there are always going to be hurdles. The important word here is research, research, research! Cover all aspects of your business plan and consider if the industry you wish to develop in your business will be suitable to Belgium. Here are a few pointers as to what you will need when registering a business in Belgium:

  • Open a corporate bank account
  • Obtain a company number
  • Register for VAT
  • Register for social security
  • Register for a health insurance fund
  • Register a business name

Click here to Ask an Expert about Entering the Market in Belgium

Organisations that can assist with Entering the Market

  • > PEO Worldwide Limited

    PEO Worldwide is an international PEO offering employer of record, payroll, employee benefits management, HR and compliance services throughout the world.

    More Details Visit Website
  • > Business Consultancy Services.

    Do you need advice from an expert in your field, on the ground? Need help finding the best route to market for your product or service?

    More Details Visit Website
  • > Blue Marble Global Payroll

    Simplified Global Payroll Companies with global employees often find that managing payroll in multiple countries is complicated - different systems, laws, and languages in each country, lack of reporting, and constantly changing laws and regulations each year. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, aggregated reporting, and a hybrid service model in 135+ countries around the world.

    More Details Visit Website
  • > Instant Offices

    Finding office space abroad poses one of the most difficult changes that many start-ups face. Location, costs, and transport all need to be considered. And, more crucially of all, what office will allow a new business to attract and retain the best staff?

    More Details Visit Website
  • > Company formation services.

    Need to register a company or setting up a company?

    More Details Visit Website
  • > Kreanove

    KREANOVE is a service for new entrepreneurs. If you created your company, your lawyer will probably recommend you to use our service Bank Enterprise Wheel

    More Details Visit Website

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