The regional economic perspectives for 2017-2022 are optimistic, as presented by the Belgian Federal Planning Bureau. It is anticipated that Flanders will remain the region with the highest growth during this time, however, Brussels and Wallonia will catch up. Our lawyers in Belgium are able to provide you with information about foreign investments, should you be interested in opening a company in the country.
More investments in Belgium between 2017 and 2022
The Belgian Federal Planning Bureau compiled the findings of three separate regional statistical institutes and concluded that, between 2017 and 2022, Belgium will record an important economic growth and will witness the creation of more than 320,000 new jobs.
Economic growth is predicted to record its largest value in Flanders (1,7 percent between 2016 and 2018) while in Wallonia and Brussels it will be slightly lower. Nevertheless, experts also believe that the existing discrepancies between these three regions will partly equalize during 2016 and 2022.
The perspectives for new job creation in Belgium
are also optimistic, with more than 30,100 new jobs per year in Flanders
and some 10,700 in Wallonia and 5,100 in Brussels. Moreover, the rate of unemployment is expected to decrease in all three regions.
Brussels, Flanders, and Wallonia all present certain investment opportunities and the conditions to set up a business can be different. One of our lawyers in Belgium
can help you open a company
in any of the three zones.
Investing in Belgium
Foreign investment is welcomed and encouraged in Belgium. Foreign entrepreneurs are allowed to have full foreign ownership and the company is treated just like any other Belgian company.
Certain tax incentives are available for the research and development field and in some cases for expatriate employees in Belgium. The main forms of business organization are the private and the public limited liability company, the partnership, the branch, the sole proprietorship.