We invite you to watch the following video on the characteristics of the joint-stock company in Belgium:
Requirements for setting up a joint-stock company in Belgium
The minimum share capital that needs to be provided for public limited companies in Belgium is at least 61,500 Euros and it must be fully deposited when the company is incorporated. The share capital can be subsequently increased and no notarial deed is needed for this action. However, the company’s Articles of Association must contain a special clause that stipulates the amount of the authorized share capital. The company’s Articles of Association must be drawn up before a Belgian notary and they are mandatory for the incorporation of the company. Joint-stock companies in Belgium must be registered at theBelgian Trade Register.
The liability of the shareholders is limited to their contribution to the company’s share capital. The shares are transferable, although this procedure can be limited according to certain special clauses.
Other provisions for public limited companies in Belgium
Belgian joint-stock companies are required to have three directors. If the company is incorporated by two individuals and has only two shareholders, the Board of Directors can be limited to only two members. Directors in Belgium have certain obligations and liabilities and must act in the best interest of the company.
Public limited companies must comply with the general taxation rules applicable in Belgium and have significant accounting obligations. Because the Belgian joint-stock company has legal entity, a bank account must be opened for the company in the early phases of incorporation.
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