Belgium

Ease of Doing Business in

Belgium

This page shows summary Doing Business 2012 data for Belgium. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region OECD high income
Income Category High income
Population 10,866,560
GNI Per Capita (US$) 45,420.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
28 27 down -1
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 36 32 up -4
Dealing with Construction Permits 51 51 No change
Getting Electricity 87 86 up -1
Registering Property 174 177 up 3
Getting Credit 48 45 up -3
Protecting Investors 17 16 up -1
Paying Taxes 77 75 up -2
Trading Across Borders 36 40 up 4
Enforcing Contracts 20 21 up 1
Resolving Insolvency 8 8 No change

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 36 DB 2011 Rank 32 Change in Rank down-4
Indicator Belgium OECD high income OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
3 -- 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
4 -- 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
5.2 -- 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
18.9 -- 14.1
No. Procedure Time to Complete Associated Costs
1 Deposit at least 20% of the initial capital with a Belgian credit institution and obtain a standard certification confirming that the amount is held in a blocked “capital” account 1 day no charge
2 Deposit a financial plan with the notary, sign the deed of incorporation and the by-laws in the presence of a notary, who authenticates the documents and registers the deed of incorporation 1 day fixed registration duty of € 25 + publication cost € 229.17 + notarial fees around €973.08 and notary's various costs (including file and administrative costs) = approximately € 1,577
3 Register with the Register of Legal Entities, VAT, and social security at a centralized company docket (guichet-entreprises / ondernemingsloket) and obtain a company number 2 days (1 day for commercial registration, 1-2 days for social security and VAT) EUR 77 (registration fee) + EUR 50 (VAT registration)

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