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Open a Pharmaceutical Company in Belgium

Updated on Thursday 17th November 2016

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Open-a-Pharmaceutical-Company-in-Belgium.jpgThe pharmaceutical industry in Belgium is very well developed as it represents a world leader in this industry. The industry is strongly supported thorough numerous policies and each year, the research and development sector in the pharmaceutical field receives investments with a total value of EUR 1,5 billion, a sum which represents twice as much compared to the European average values. In order to open a company in Belgium in this field, the businessmen will need to receive special permits and licenses provided the relevant authorities, which are issued for the specific activities carried out by the respective company. Our team of company formation representatives in Belgium can assist investors in drafting various types of legal documents. 

 

Register a company in Belgium  

 
The company registration in Belgium starts by choosing a suitable legal entity. Companies set up in the field of pharmaceuticals can be registered under various business forms, but most of the investors prefer to choose the most common type of company, which is preferred throughout Europe. In this sense, we mention the limited liability company
 
The legal entity will be established in the statutory documents of the company, which must be signed at a public notary in Belgium. For this, it is recommended to receive assistance from our team of specialists in company formation in Belgium, who can offer their expertise in the provisions of the Commercial Law
 
Investors are also required to provide a financial plan for the company
 
Any company performing commercial activities in Belgium has to register for taxation purposes. Businesses opened in the pharmaceutical industry are also required to register for Value Added Tax and for social security (as they will employ personnel). The procedure is handled at the One Stop Shop Register
 

Distributing pharmaceutical products in Belgium  

 
In order to establish commercial activities in Belgium related to the distribution of pharmaceutical products, such as drugs, the companies will need to obtain a marketing authorisation
 
However, several exemptions are offered if, for example, the company will distribute medicines which are provided for experimental purposes. 
 
Businessmen can receive an in-depth presentation on the procedure of registering a pharmaceutical company from our team of company formation agents in Belgium.  
 

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