Nov 26 2008

Why I Won’t Be Starting a Business in Belgium Any Time Soon

Tod McKenna| Category: Musings | 0 Comments

When I first moved to Belgium, I knew that starting a new business would be more difficult than in the US. Boy was I wrong! It can be damn-near impossible! I’ve been reading a short introduction to starting a business in Belgium. The book is aptly titled “local knowledge guide to setting up and running your business in belgium”. A bit of a long title, but it matches the process.

For most businesses, the government boasts that you can start up in about 3 days. This assumes, of course, that you have all your paperwork in order, you know exactly where to go and who to talk to, and you know exactly what questions to ask. For a foreigner, all three of these conditions can be tricky.

Then there are more issues to overcome. For an SPRL(U) — the popular private limited company — you need 18,550 Euro in capital to start (an SA, a public limited company, needs 61,500). Depending on where you plan to run your business, you’ll also need to have all your documents in either French, Dutch, or German. As I am only learning Dutch, I would need a lot of help establishing the paperwork for the business. Not to mention that the details of all the social laws are only available in Dutch or French. This would require me to not only rely upon, but to trust, another party with ensuring that I meet all the requirements, file all the right reports, and pay the right fees and taxes.

There is also a potential issue — which should be a minor formality and nothing more — about proving your competence in basic management skills. I would think that my BA in Business Management would be an easy score. But after reading about some of the horror stories online about other non-EU folk trying to start a business, I’m not so sure. Non-citizens also seem to face additional difficulties, although I’m not sure what they are (likely some procedural red tape).

In the end, I’m looking at about a 5 year wait. By then, I should a good understanding of the Dutch language, my citizenship, 5 years of managerial experience, and money in the bank. And in the meantime, I can simply freelance, provided my income is low enough.

© 2006 Adventures in Belgium | Wordpress | dKret 1.9 | Top