{"id":1626,"date":"2025-08-10T06:01:34","date_gmt":"2025-08-10T06:01:34","guid":{"rendered":"https:\/\/mbscorporateservices.com\/en\/?page_id=1626"},"modified":"2025-08-13T19:29:04","modified_gmt":"2025-08-13T19:29:04","slug":"belgium","status":"publish","type":"page","link":"https:\/\/mbscorporateservices.com\/en\/our-jurisdictions\/belgium\/","title":{"rendered":"Belgium"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1626\" class=\"elementor elementor-1626\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-29f6b3d e-flex e-con-boxed e-con e-parent\" data-id=\"29f6b3d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-758faa3 e-n-tabs-mobile elementor-widget elementor-widget-n-tabs\" data-id=\"758faa3\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;tabs_justify_horizontal&quot;:&quot;start&quot;,&quot;horizontal_scroll&quot;:&quot;disable&quot;}\" data-widget_type=\"nested-tabs.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-tabs\" data-widget-number=\"123271843\" aria-label=\"Tabs. Open items with Enter or Space, close with Escape and navigate using the Arrow keys.\">\n\t\t\t<div class=\"e-n-tabs-heading\" role=\"tablist\">\n\t\t\t\t\t<button id=\"e-n-tab-title-1232718431\" data-tab-title-id=\"e-n-tab-title-1232718431\" class=\"e-n-tab-title\" aria-selected=\"true\" data-tab-index=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"e-n-tab-content-1232718431\" style=\"--n-tabs-title-order: 1;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tBelgium\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-1232718432\" data-tab-title-id=\"e-n-tab-title-1232718432\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1232718432\" style=\"--n-tabs-title-order: 2;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tHolding Belge\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-1232718433\" data-tab-title-id=\"e-n-tab-title-1232718433\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1232718433\" style=\"--n-tabs-title-order: 3;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tTaxation in Belgium\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-1232718434\" data-tab-title-id=\"e-n-tab-title-1232718434\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1232718434\" style=\"--n-tabs-title-order: 4;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tExpatriation\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-1232718435\" data-tab-title-id=\"e-n-tab-title-1232718435\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"5\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1232718435\" style=\"--n-tabs-title-order: 5;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tBelgian private foundation\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-1232718436\" data-tab-title-id=\"e-n-tab-title-1232718436\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"6\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1232718436\" style=\"--n-tabs-title-order: 6;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tEconomy of Belgium\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-1232718437\" data-tab-title-id=\"e-n-tab-title-1232718437\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"7\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1232718437\" style=\"--n-tabs-title-order: 7;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tBelgian Legislation\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t<div class=\"e-n-tabs-content\">\n\t\t\t\t<div id=\"e-n-tab-content-1232718431\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-1232718431\" data-tab-index=\"1\" style=\"--n-tabs-title-order: 1;\" class=\"e-active elementor-element elementor-element-45c61e3 e-con-full e-flex e-con e-child\" data-id=\"45c61e3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-15bd89b e-flex e-con-boxed e-con e-child\" data-id=\"15bd89b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6fc97b7 elementor-widget elementor-widget-text-editor\" data-id=\"6fc97b7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div id=\"tab-687dee5f0c0a7-1\" class=\"ui-tabs-panel ui-corner-bottom ui-widget-content\" role=\"tabpanel\" aria-labelledby=\"ui-id-1\" aria-hidden=\"false\" data-rocket-lazy-bg-86cda159-d275-4ecb-984e-c8b3a688cde9=\"loaded\"><h4>History of Belgium<\/h4>Belgium has a population of 11 million and is located to the north of France. It was one of the founding nations of the European Union in which it occupies a key position as home to several European institutions (the Commission, the EU Parliament and the Council). Belgium is a constitutional monarchy and despite its small size is ranked among the 30 strongest economies in the world.<h4>Belgium as an Onshore Financial Services Territory<\/h4>Belgium taxes its companies at a similar rate to France (which is within the average for developed onshore countries). However, the country is a very popular destination for tax expatriates because there is no wealth tax or capital gains tax. Belgium is therefore a recommended jurisdiction for clients with substantial capital wealth where they may live tax free (though any income will be subject to local taxation).<h4>Types of Belgian Companies<\/h4>Company formation in Belgium is carried out by an accountant and a notary who draft the articles of association and before whom documents must be signed.<table><tbody><tr><th>Legal Entity<\/th><th>Share Capital<\/th><th>Number of Shareholders, Members or Partners<\/th><\/tr><tr><td>Limited Liability Company (BVBA)<\/td><td>18,550 EUR minimum<\/td><td>Minimum of one shareholder, limited liability.<\/td><\/tr><tr><td>Public limited company (NV)<\/td><td>61,500 EUR minimum<\/td><td>Minimum of two shareholders, limited liability.<\/td><\/tr><tr><td><p align=\"left\">General partnership (VO)<\/p><\/td><td>Not Applicable<\/td><td>Minimum two partners. Unlimited liability for debts and obligations, liability is joint and several.<\/td><\/tr><tr><td><p align=\"left\">Limited partnership (CV)<\/p><\/td><td>Not Applicable<\/td><td>Partners are jointly and severally liability for invested capital only.<\/td><\/tr><tr><td>Cooperative company with unlimited joint liability (SCRIS)<\/td><td>No minimum share capital<\/td><td>Maximum of three shareholders, joint liability extends to private wealth, no limited liability.<\/td><\/tr><tr><td>Limited liability cooperative company \u2013 SCRL (BVBA\/SPRL)<\/td><td>18,550 EUR minimum<\/td><td>Maximum of three shareholders, liability limited to share capital<\/td><\/tr><\/tbody><\/table>\u00a0<h4>Belgian Incorporation Formalities<\/h4>Unlike in other countries, Belgium requires a well-defined process to be followed prior to, and as part of, the company incorporation process. The process begins with the preparation of a Business Plan or Financial Projections which are drafted in conjunction with an accountant. This document allows the capital required by the company to be calculated. As well as this document and the company\u2019s constitutional documents companies in formation must open a bank account in order to deposit their share capital. Once these formalities have been completed the documents can be signed before a notary and the company may be registered.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1232718432\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-1232718432\" data-tab-index=\"2\" style=\"--n-tabs-title-order: 2;\" class=\" elementor-element elementor-element-eaf327f e-con-full e-flex e-con e-child\" data-id=\"eaf327f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-f3a76e4 e-flex e-con-boxed e-con e-child\" data-id=\"f3a76e4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a1e16c6 elementor-widget elementor-widget-text-editor\" data-id=\"a1e16c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"87\" data-end=\"132\"><strong data-start=\"87\" data-end=\"130\">Advantages of Belgian Holding Companies<\/strong><\/p><p data-start=\"134\" data-end=\"405\">Capital gains on shares are fully exempt for Belgian companies. This exemption is not subject to a minimum holding period or a minimum participation threshold. However, it is required that the company whose shares are held is subject to a standard corporate tax regime.<\/p><p data-start=\"407\" data-end=\"1109\">A holding company is a company whose purpose is to acquire, hold in portfolio, and manage financial participations in other companies, and thus, through these participations, ensure the control and management of companies.<br data-start=\"629\" data-end=\"632\" \/>It may also engage in other activities, such as commercial, industrial, or real estate activities.<br data-start=\"730\" data-end=\"733\" \/>A holding company also aims to structure and streamline the organization and financing of a group of companies.<br data-start=\"844\" data-end=\"847\" \/>Finally, many holdings are created to ensure shareholder stability, control, and transferability.<br data-start=\"944\" data-end=\"947\" \/>The following lines are intended to provide a brief overview of the regime.<br data-start=\"1022\" data-end=\"1025\" \/>Our activities include both bookkeeping and tax and financial optimization advice.<\/p><p data-start=\"1111\" data-end=\"1146\"><strong data-start=\"1111\" data-end=\"1144\">Licensing and Special Control<\/strong><\/p><ul data-start=\"1147\" data-end=\"1155\"><li data-start=\"1147\" data-end=\"1155\"><p data-start=\"1149\" data-end=\"1155\">None<\/p><\/li><\/ul><p data-start=\"1157\" data-end=\"1175\"><strong data-start=\"1157\" data-end=\"1173\">Capital Duty<\/strong><\/p><ul data-start=\"1176\" data-end=\"1184\"><li data-start=\"1176\" data-end=\"1184\"><p data-start=\"1178\" data-end=\"1184\">None<\/p><\/li><\/ul><p data-start=\"1186\" data-end=\"1213\"><strong data-start=\"1186\" data-end=\"1211\">Wealth or Capital Tax<\/strong><\/p><ul data-start=\"1214\" data-end=\"1222\"><li data-start=\"1214\" data-end=\"1222\"><p data-start=\"1216\" data-end=\"1222\">None<\/p><\/li><\/ul><h3 data-start=\"1229\" data-end=\"1302\"><strong data-start=\"1233\" data-end=\"1300\">Inbound Dividends Regime: Dividends paid to the Belgian holding<\/strong><\/h3><p data-start=\"1304\" data-end=\"1325\"><strong data-start=\"1304\" data-end=\"1323\">Withholding Tax<\/strong><\/p><ul data-start=\"1326\" data-end=\"1594\"><li data-start=\"1326\" data-end=\"1464\"><p data-start=\"1328\" data-end=\"1464\"><strong data-start=\"1328\" data-end=\"1345\">Within Europe<\/strong>: None if the Belgian holding owns at least 10% of the participation and holds it for at least 1 year (EU Directive).<\/p><\/li><li data-start=\"1465\" data-end=\"1594\"><p data-start=\"1467\" data-end=\"1594\"><strong data-start=\"1467\" data-end=\"1485\">Outside Europe<\/strong>: Belgium\u2019s extensive network of double tax treaties allows for the reduction of foreign withholding taxes.<\/p><\/li><\/ul><p data-start=\"1596\" data-end=\"2085\"><strong data-start=\"1596\" data-end=\"1632\">Belgian Taxation of the Dividend<\/strong><br data-start=\"1632\" data-end=\"1635\" \/>In principle, the taxable base is limited to 5% of the dividend received, which is equivalent to a maximum tax of <strong data-start=\"1749\" data-end=\"1758\">1.77%<\/strong>.<br data-start=\"1759\" data-end=\"1762\" \/>To benefit from this regime, certain conditions must be met: the participation must be at least 10% or have an acquisition value of \u20ac2,500,000; it must be held for at least 1 year; and the dividends must not come from tax havens or companies subject to a significantly more advantageous tax regime (e.g., tax rate &lt; 15%).<\/p><h3 data-start=\"2092\" data-end=\"2184\"><strong data-start=\"2096\" data-end=\"2182\">Outbound Dividends Regime: Dividends paid by the Belgian holding \u2013 Withholding Tax<\/strong><\/h3><p data-start=\"2186\" data-end=\"2204\"><strong data-start=\"2186\" data-end=\"2202\">To a company<\/strong><\/p><ul data-start=\"2205\" data-end=\"2434\"><li data-start=\"2205\" data-end=\"2434\"><p data-start=\"2207\" data-end=\"2434\">None if the parent company is based in Europe (EU Directive) or in a country with which Belgium has signed a double tax treaty, provided that the Belgian parent\u2019s participation is at least 10% and is held for at least 1 year.<\/p><\/li><\/ul><p data-start=\"2436\" data-end=\"2474\"><strong data-start=\"2436\" data-end=\"2472\">To a Belgian resident individual<\/strong><\/p><ul data-start=\"2475\" data-end=\"2509\"><li data-start=\"2475\" data-end=\"2509\"><p data-start=\"2477\" data-end=\"2509\">Withholding tax of 15% or 25%.<\/p><\/li><\/ul><p data-start=\"2511\" data-end=\"2545\"><strong data-start=\"2511\" data-end=\"2543\">To a non-resident individual<\/strong><\/p><ul data-start=\"2546\" data-end=\"2646\"><li data-start=\"2546\" data-end=\"2646\"><p data-start=\"2548\" data-end=\"2646\">Withholding tax of 15% or 25%, but possible reductions under double tax treaties (case-by-case).<\/p><\/li><\/ul><h3 data-start=\"2653\" data-end=\"2722\"><strong data-start=\"2657\" data-end=\"2720\">Tax on the Sale of Shares or Participations (Capital Gains)<\/strong><\/h3><p data-start=\"2724\" data-end=\"2753\"><strong data-start=\"2724\" data-end=\"2751\">Realized by the holding<\/strong><\/p><ul data-start=\"2754\" data-end=\"3059\"><li data-start=\"2754\" data-end=\"3059\"><p data-start=\"2756\" data-end=\"2776\">None (0%), except:<\/p><ul data-start=\"2779\" data-end=\"3059\"><li data-start=\"2779\" data-end=\"2831\"><p data-start=\"2781\" data-end=\"2831\">0.412% tax if the selling company is not an SME*<\/p><\/li><li data-start=\"2834\" data-end=\"2908\"><p data-start=\"2836\" data-end=\"2908\">25.75% tax if the sold participation was acquired less than 1 year ago<\/p><\/li><li data-start=\"2911\" data-end=\"3059\"><p data-start=\"2913\" data-end=\"3059\">25.75% to 33.99% tax if the participations are in companies established in tax havens or subject to a significantly more advantageous tax regime<\/p><\/li><\/ul><\/li><\/ul><ul data-start=\"3061\" data-end=\"3458\"><li data-start=\"3061\" data-end=\"3458\"><p data-start=\"3063\" data-end=\"3164\">A company is considered an SME if it does not exceed more than one of the following three criteria:<\/p><ul data-start=\"3167\" data-end=\"3458\"><li data-start=\"3167\" data-end=\"3209\"><p data-start=\"3169\" data-end=\"3209\">Average annual number of employees: 50<\/p><\/li><li data-start=\"3212\" data-end=\"3259\"><p data-start=\"3214\" data-end=\"3259\">Annual turnover excluding VAT: \u20ac7.3 million<\/p><\/li><li data-start=\"3262\" data-end=\"3300\"><p data-start=\"3264\" data-end=\"3300\">Total balance sheet: \u20ac3.65 million<\/p><\/li><li data-start=\"3303\" data-end=\"3379\"><p data-start=\"3305\" data-end=\"3379\">A company is never considered an SME if it employs more than 100 people.<\/p><\/li><li data-start=\"3382\" data-end=\"3458\"><p data-start=\"3384\" data-end=\"3458\">Linked companies are consolidated for the calculation of these criteria.<\/p><\/li><\/ul><\/li><\/ul><p data-start=\"3460\" data-end=\"3509\"><strong data-start=\"3460\" data-end=\"3507\">Realized by the shareholders of the holding<\/strong><\/p><ul data-start=\"3510\" data-end=\"3550\"><li data-start=\"3510\" data-end=\"3550\"><p data-start=\"3512\" data-end=\"3550\">None, except in specific situations.<\/p><\/li><\/ul><h3 data-start=\"3557\" data-end=\"3616\"><strong data-start=\"3561\" data-end=\"3614\">Deduction of Interest Paid by the Belgian Holding<\/strong><\/h3><p data-start=\"3618\" data-end=\"3900\">Unlimited, except for the application of the thin capitalization rule concerning interest on certain loans.<br data-start=\"3725\" data-end=\"3728\" \/>The rule applies when the debt-to-equity ratio exceeds 5:1. Interest related to the excess portion is non-deductible from the taxable base.<br data-start=\"3867\" data-end=\"3870\" \/>This rule concerns debts to:<\/p><ul data-start=\"3901\" data-end=\"4033\"><li data-start=\"3901\" data-end=\"3985\"><p data-start=\"3903\" data-end=\"3985\">Companies that are lightly or not taxed (tax havens or preferential tax regimes)<\/p><\/li><li data-start=\"3986\" data-end=\"4033\"><p data-start=\"3988\" data-end=\"4033\">Group companies to which the debtor belongs<\/p><\/li><\/ul><p data-start=\"4035\" data-end=\"4117\">Exceptions and specific rules exist for group treasury companies \/ cash pooling.<\/p><hr data-start=\"4119\" data-end=\"4122\" \/><h3 data-start=\"4124\" data-end=\"4151\"><strong data-start=\"4128\" data-end=\"4149\">Loss Carryforward<\/strong><\/h3><ul data-start=\"4152\" data-end=\"4190\"><li data-start=\"4152\" data-end=\"4190\"><p data-start=\"4154\" data-end=\"4190\">Unlimited, without time limitation<\/p><\/li><\/ul><h3 data-start=\"4197\" data-end=\"4234\"><strong data-start=\"4201\" data-end=\"4232\">Notional Interest Deduction<\/strong><\/h3><p data-start=\"4236\" data-end=\"4564\">Note: The calculation of the notional interest deduction is not favorable to holdings because participations are excluded from the calculation base, reducing the deduction.<br data-start=\"4408\" data-end=\"4411\" \/>However, holdings are often used to optimize notional interest deduction in other companies, such as in financing companies capitalized by the holding.<\/p><h3 data-start=\"4571\" data-end=\"4590\"><strong data-start=\"4575\" data-end=\"4588\">Royalties<\/strong><\/h3><p data-start=\"4592\" data-end=\"4822\">It is possible to limit the taxable base to 20% of the patent royalty amount, equivalent to a maximum tax of <strong data-start=\"4701\" data-end=\"4710\">5.88%<\/strong> of the royalty.<br data-start=\"4726\" data-end=\"4729\" \/>In certain cases, it is possible to credit foreign taxes against Belgian tax (QFIE system).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1232718433\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-1232718433\" data-tab-index=\"3\" style=\"--n-tabs-title-order: 3;\" class=\" elementor-element elementor-element-6fa073e e-con-full e-flex e-con e-child\" data-id=\"6fa073e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-acb41ec e-flex e-con-boxed e-con e-child\" data-id=\"acb41ec\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ea3212a elementor-widget elementor-widget-text-editor\" data-id=\"ea3212a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"89\" data-end=\"124\"><strong data-start=\"89\" data-end=\"122\">Corporate Taxation in Belgium<\/strong><\/p><p data-start=\"126\" data-end=\"241\">Entities subject to corporate income tax include companies, associations, organizations, and establishments that:<\/p><ul data-start=\"243\" data-end=\"445\"><li data-start=\"243\" data-end=\"269\"><p data-start=\"245\" data-end=\"269\">Have legal personality<\/p><\/li><li data-start=\"270\" data-end=\"382\"><p data-start=\"272\" data-end=\"382\">Have their registered office, main establishment, or headquarters of management or administration in Belgium<\/p><\/li><li data-start=\"383\" data-end=\"445\"><p data-start=\"385\" data-end=\"445\">Engage in business activities or profit-making operations.<\/p><\/li><\/ul><p data-start=\"447\" data-end=\"727\">Companies subject to corporate income tax (ISOC) must file a tax return once a year. The corporate income tax system is based on the principle that all company income is taken into account, including worldwide income, whether or not the company is considered a resident company.<\/p><p data-start=\"729\" data-end=\"775\"><strong data-start=\"729\" data-end=\"773\">Different Corporate Tax Rates in Belgium<\/strong><\/p><p data-start=\"777\" data-end=\"969\">Corporate tax depends on turnover. It is important to note that a Belgian company is taxed on its worldwide income, whether or not it is a resident company. Corporate taxation is as follows:<\/p><div class=\"_tableContainer_1rjym_1\"><div class=\"_tableWrapper_1rjym_13 group flex w-fit flex-col-reverse\" tabindex=\"-1\"><table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"971\" data-end=\"1210\"><thead data-start=\"971\" data-end=\"1008\"><tr data-start=\"971\" data-end=\"1008\"><th data-start=\"971\" data-end=\"994\" data-col-size=\"sm\">Company income (EUR)<\/th><th data-start=\"994\" data-end=\"1008\" data-col-size=\"sm\">Tax rate<\/th><\/tr><\/thead><tbody data-start=\"1047\" data-end=\"1210\"><tr data-start=\"1047\" data-end=\"1084\"><td data-start=\"1047\" data-end=\"1070\" data-col-size=\"sm\">0 to 25,000<\/td><td data-col-size=\"sm\" data-start=\"1070\" data-end=\"1084\">24.98%<\/td><\/tr><tr data-start=\"1085\" data-end=\"1122\"><td data-start=\"1085\" data-end=\"1108\" data-col-size=\"sm\">25,001 to 90,000<\/td><td data-start=\"1108\" data-end=\"1122\" data-col-size=\"sm\">31.98%<\/td><\/tr><tr data-start=\"1123\" data-end=\"1160\"><td data-start=\"1123\" data-end=\"1146\" data-col-size=\"sm\">90,001 to 322,500<\/td><td data-start=\"1146\" data-end=\"1160\" data-col-size=\"sm\">35.54%<\/td><\/tr><tr data-start=\"1161\" data-end=\"1210\"><td data-start=\"1161\" data-end=\"1184\" data-col-size=\"sm\">Base rate<\/td><td data-col-size=\"sm\" data-start=\"1184\" data-end=\"1210\">33.99% + a 3% surtax<\/td><\/tr><\/tbody><\/table><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1232718434\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-1232718434\" data-tab-index=\"4\" style=\"--n-tabs-title-order: 4;\" class=\" elementor-element elementor-element-93fa1b0 e-flex e-con-boxed e-con e-child\" data-id=\"93fa1b0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-afef1fc e-con-full e-flex e-con e-child\" data-id=\"afef1fc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-51d5854 elementor-widget elementor-widget-text-editor\" data-id=\"51d5854\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"74\" data-end=\"122\"><strong data-start=\"74\" data-end=\"120\">Expatriation to Belgium \u2013 Residence Permit<\/strong><\/p><p data-start=\"124\" data-end=\"424\">Citizens of the European Union may settle freely in Belgium, provided they can demonstrate sufficient financial resources.<br data-start=\"246\" data-end=\"249\" \/>It is necessary to submit an application for residence to the local Municipality of residence for registration in the population register, providing the following documents:<\/p><ul data-start=\"426\" data-end=\"674\"><li data-start=\"426\" data-end=\"472\"><p data-start=\"428\" data-end=\"472\">A valid national identity card or passport<\/p><\/li><li data-start=\"473\" data-end=\"550\"><p data-start=\"475\" data-end=\"550\">A certificate of residence or a copy of the rental lease or property deed<\/p><\/li><li data-start=\"551\" data-end=\"577\"><p data-start=\"553\" data-end=\"577\">The family record book<\/p><\/li><li data-start=\"578\" data-end=\"641\"><p data-start=\"580\" data-end=\"641\">A certificate of employment or proof of financial resources<\/p><\/li><li data-start=\"642\" data-end=\"674\"><p data-start=\"644\" data-end=\"674\">4 passport-sized photographs<\/p><\/li><\/ul><p data-start=\"676\" data-end=\"855\">A renewable 3-month residence card is first issued, followed by a residence card for nationals of a Member State of the European Community, valid for 5 years and also renewable.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1232718435\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-1232718435\" data-tab-index=\"5\" style=\"--n-tabs-title-order: 5;\" class=\" elementor-element elementor-element-b4bc81f e-flex e-con-boxed e-con e-child\" data-id=\"b4bc81f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f715e10 e-con-full e-flex e-con e-child\" data-id=\"f715e10\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c009b64 elementor-widget elementor-widget-text-editor\" data-id=\"c009b64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div id=\"tab-687dee5f0c0a7-5\" class=\"ui-tabs-panel ui-corner-bottom ui-widget-content\" role=\"tabpanel\" aria-labelledby=\"ui-id-5\" aria-hidden=\"false\" data-rocket-lazy-bg-86cda159-d275-4ecb-984e-c8b3a688cde9=\"loaded\"><p data-start=\"97\" data-end=\"165\"><strong data-start=\"97\" data-end=\"163\">The Belgian Private Foundation as a Wealth Management Solution<\/strong><\/p><p data-start=\"167\" data-end=\"491\">Since the entry into force of the Law of 2 May 2002 amending the 1921 Law on Non-Profit Associations (ASBL), an individual (or legal entity) may establish a Private Foundation before a Notary.<br data-start=\"359\" data-end=\"362\" \/>In addition to the published articles of association, a \u201cletter of wishes\u201d is generally drafted by the founder in three copies.<\/p><p data-start=\"493\" data-end=\"736\">The Foundation thus created has no minimum capital requirement and no shareholders or members.<br data-start=\"587\" data-end=\"590\" \/>It has a founder as well as a board of directors composed of at least three members chosen by the founder from among his or her trusted persons.<\/p><p data-start=\"738\" data-end=\"962\">The founder initially contributes part of his\/her assets, which, from that moment on, no longer belong to him\/her but to the foundation. Additional contributions may then be made through manual gifts and\/or bank transfers.<\/p><hr data-start=\"964\" data-end=\"967\" \/><h3 data-start=\"969\" data-end=\"1010\"><strong data-start=\"973\" data-end=\"1008\">Taxation of Private Foundations<\/strong><\/h3><p data-start=\"1012\" data-end=\"1311\">The applicable donation tax rate (real estate) is as follows (subject to slight variations depending on the region \u2013 Brussels, Wallonia, Flanders). This rate applies regardless of the nature of the donated asset: for example, the donation of real estate located abroad is subject to the same rate.<\/p><p data-start=\"1313\" data-end=\"1422\">This tax does not apply to private foundations with educational, teaching, religious, or cultural purposes.<\/p><p data-start=\"1424\" data-end=\"1710\">The only limitation worth noting is that the Foundation is restricted to managing the assets allocated to it and pursuing the purpose for which it was created. It is therefore important to define the purpose carefully at the time of creation to ensure consistency with its management.<\/p><p data-start=\"1712\" data-end=\"2106\">As a result, it is not subject to corporate income tax but rather to the tax on legal entities, as well as a compensatory tax of <strong data-start=\"1841\" data-end=\"1850\">0.17%<\/strong> on the value of all its assets.<br data-start=\"1882\" data-end=\"1885\" \/>For example, the tax for a foundation owning shares valued at \u20ac10 million would amount to \u20ac17,000 (provided the securities are not excluded from the taxable base, which is possible if legal fiscal transparency applies).<\/p><hr data-start=\"2108\" data-end=\"2111\" \/><h3 data-start=\"2113\" data-end=\"2174\"><strong data-start=\"2117\" data-end=\"2172\">Choosing the Private Foundation for Estate Planning<\/strong><\/h3><p data-start=\"2176\" data-end=\"2697\">The Ruling Service (<em data-start=\"2196\" data-end=\"2230\">Service des D\u00e9cisions Anticip\u00e9es<\/em>, SDA) of the Belgian tax administration has addressed issues relating to registration duties, inheritance tax, and income taxation of the Private Foundation.<br data-start=\"2388\" data-end=\"2391\" \/>The SDA\u2019s position supports our analysis, confirming that the only tax applicable to all operations carried out by the foundation is the compensatory tax of <strong data-start=\"2548\" data-end=\"2557\">0.17%<\/strong>.<br data-start=\"2558\" data-end=\"2561\" \/>In addition, the SDA confirmed the contribution duty of 7% and the exemption from inheritance tax in the event of the founder\u2019s death.<\/p><p data-start=\"2699\" data-end=\"2962\">As the foundation is a separate legal entity, its profits or assets belong to it, but they can be distributed to a beneficiary.<br data-start=\"2826\" data-end=\"2829\" \/>As part of estate planning, beneficiaries may be the founder\u2019s children or any other natural or legal person chosen by the founder.<\/p><p data-start=\"2964\" data-end=\"3061\">Beneficiaries may be changed during the life of the foundation without any applicable taxation.<\/p><hr data-start=\"3063\" data-end=\"3066\" \/><p data-start=\"3068\" data-end=\"3168\"><strong data-start=\"3068\" data-end=\"3082\">Conclusion<\/strong><br data-start=\"3082\" data-end=\"3085\" \/>The Private Foundation is a long-term wealth management and estate planning tool.<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1232718436\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-1232718436\" data-tab-index=\"6\" style=\"--n-tabs-title-order: 6;\" class=\" elementor-element elementor-element-561f175 e-flex e-con-boxed e-con e-child\" data-id=\"561f175\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-eb2e892 e-con-full e-flex e-con e-child\" data-id=\"eb2e892\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a079120 elementor-widget elementor-widget-text-editor\" data-id=\"a079120\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div id=\"tab-687dee5f0c0a7-6\" class=\"ui-tabs-panel ui-corner-bottom ui-widget-content\" role=\"tabpanel\" aria-labelledby=\"ui-id-6\" aria-hidden=\"false\" data-rocket-lazy-bg-86cda159-d275-4ecb-984e-c8b3a688cde9=\"loaded\"><div id=\"tab-68982147f005e-3\" class=\"ui-tabs-panel ui-corner-bottom ui-widget-content\" role=\"tabpanel\" aria-labelledby=\"ui-id-3\" aria-hidden=\"false\" data-rocket-lazy-bg-b11ddef7-b9ad-432c-ac24-68889a40a14a=\"loaded\"><h4>The Jurisdiction in detail<\/h4><p>Belgium, which experienced a very turbulent political and economic period in 2011, should see the return of (slight) growth estimated at 0.3% in 2013. Despite austerity and a decrease in deficit (target 0% by 2015), the country has one of the highest GDPs per capita in the world.<\/p><p>Its economic activity is mainly based on services with a service sector accounting for 75% of the GDP. This observation is explained in part by the strong involvement of the country, and Brussels, in the management of the European Union, with the hosting of several institutions. The secondary sector is the second influential area but its importance varies according to the regions. Wallonia is therefore in turmoil following closures related to the coal and steel, whereas Flanders has the second most powerful petrochemical industry in the world.<\/p><p>The Belgian economy is very open to the world and its European neighbours: indeed it is a great exporting power and takes advantage of its position which makes it a compulsory place of passage for European trade. Belgium\u2019s major trading partners are of course the European Union, and also the United States.<\/p><p><strong>Advantages of investing :<\/strong><\/p><ul><li>multilingual, productive workforce<\/li><li>good infrastructure<\/li><li>advantageous geographical position<\/li><li>excellent standard of living<\/li><\/ul>\u00a0<p><strong>Weak points :<\/strong><\/p><ul><li>high salaries<\/li><li>turbulent financial sector<\/li><\/ul><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1232718437\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-1232718437\" data-tab-index=\"7\" style=\"--n-tabs-title-order: 7;\" class=\" elementor-element elementor-element-be90ecd e-flex e-con-boxed e-con e-child\" data-id=\"be90ecd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1e3bc1e e-con-full e-flex e-con e-child\" data-id=\"1e3bc1e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bcc4d79 elementor-widget elementor-widget-text-editor\" data-id=\"bcc4d79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div id=\"tab-68982147f005e-4\" class=\"ui-tabs-panel ui-corner-bottom ui-widget-content\" role=\"tabpanel\" aria-labelledby=\"ui-id-4\" aria-hidden=\"false\" data-rocket-lazy-bg-b11ddef7-b9ad-432c-ac24-68889a40a14a=\"loaded\"><h4>Access to and functioning of the market<\/h4><p>As part of the European Union, Germany applies EU customs standards. European customs regulations are rather liberal. However, they impose strict controls on certain imported goods, such as textiles and agricultural products. They are therefore strictly monitored in relation to European CAP, which aims to protect agriculture in the member states from foreign production. For example, the presence of GMO must be strictly marked on the packaging of products. Another example is that hormone-fed beef is banned in the European Union.<\/p><p>From a pricing point of view, only trading with non-EU countries is taxed, at a rate which is nonetheless low (on average 4%). On the administrative side, EU states must fill out an <em>Intrastat <\/em>declaration when importing. For foreign countries, an Entry Summary Declaration is necessary to ensure more secure trading, as desired by the World Trade Organization.<\/p><p>The transportation of goods in Germany is facilitated by a dense network including roads, railways and waterways, as well as air. There are more than 40,000 kilometers of railway in the country. The 11,000 kilometers of motorway and 7,500 kilometers of waterway also provide suitable transportation solutions. The main German industrial sectors are: automotive, electrotechnics, mechanical engineering and chemistry.<\/p><p>Liens : <a href=\"http:\/\/www.zoll.de\/index.html\" target=\"_blank\" rel=\"nofollow noopener\">German customs<\/a> <a href=\"http:\/\/www.bmvbs.de\/DE\/Home\/home_node.html\" target=\"_blank\" rel=\"nofollow noopener\">Federal Ministry of Transport<\/a><\/p><h4>Employment law<\/h4><p>Minimum working hours are 48 hours per week. There is no minimum wage in Germany. However, in reality, some sectors have set lower limits (for example, 8.40 EUR\/hour in construction). Retirement age is set at 67 years, and social security contributions are set at 20.9% for employers and employees.<\/p><p>21% of employees belong to trade unions. Trade unions have a significant influence on employment, despite having more presence in the East than in the West of the country. Most trade unions belong to the Confederation of German Trade Unions.<\/p><p>Liens : <a href=\"http:\/\/www.bmas.de\/DE\/Startseite\/start.html\" target=\"_blank\" rel=\"nofollow noopener\">Federal Ministry of Employment and Social Affairs<\/a> <a href=\"http:\/\/fr.dgb.de\/\" target=\"_blank\" rel=\"nofollow noopener\">Confederation of German Trade Unions<\/a> <a href=\"http:\/\/www.dpma.de\/\" target=\"_blank\" rel=\"nofollow noopener\">German Patent and Trademark Office<\/a><\/p><h4>Political data<\/h4><p>The German executive power is held by the Chancellor (Angela Merkel) elected by an absolute majority by the Federal Assembly for 4 years. The President is the Head of State, but his title is essentially honorary (Joachim Gauck). Federal Ministers are appointed by the President, and guided by the Chancellor.<\/p><p>The legislative power is composed of the Federal Assembly, with 613 members elected by universal suffrage, and the Federal Council. The legislative power, i.e. the Parliament, supports the executive power and can only be dissolved by the President.<\/p><p>The major German political parties are :<\/p><ul><li>Christian Democratic Union<\/li><li>Christian Social Union<\/li><li>Social Democratic Party<\/li><li>Free Democratic Party<\/li><li>Green Party<\/li><\/ul><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Belgium Holding Belge Taxation in Belgium Expatriation Belgian private foundation Economy of Belgium Belgian Legislation History of Belgium Belgium has a population of 11 million and is located to the north of France. It was one of the founding nations of the European Union in which it occupies a key position as home to several [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1499,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1626","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/mbscorporateservices.com\/en\/wp-json\/wp\/v2\/pages\/1626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mbscorporateservices.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mbscorporateservices.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mbscorporateservices.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mbscorporateservices.com\/en\/wp-json\/wp\/v2\/comments?post=1626"}],"version-history":[{"count":5,"href":"https:\/\/mbscorporateservices.com\/en\/wp-json\/wp\/v2\/pages\/1626\/revisions"}],"predecessor-version":[{"id":1697,"href":"https:\/\/mbscorporateservices.com\/en\/wp-json\/wp\/v2\/pages\/1626\/revisions\/1697"}],"up":[{"embeddable":true,"href":"https:\/\/mbscorporateservices.com\/en\/wp-json\/wp\/v2\/pages\/1499"}],"wp:attachment":[{"href":"https:\/\/mbscorporateservices.com\/en\/wp-json\/wp\/v2\/media?parent=1626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}