Real estate sector is available in
Belgium for both
residential properties, but also for commercial transactions. The
real estate sector can also provide
renting services for both natural persons and legal entities.
Belgium represents an attractive location for businessmen who are interested to
set up a real estate agency here, as the local market is very stable.
Our team of Belgian company formation specialists can offer an in-depth presentation on how to
register a real estate agency and how to obtain special permits, issued for this field.
Open a company in Belgium
A real estate agency is incorporated following the registration process applicable to other businesses set up in Belgium.
The first important aspect is the
legal entity of the company. As a general rule, most of the
companies set up here are
registered as a limited liability company (LLC), but the investors have many other options. However, for this type of
business activity, it is recommended to
set up a LLC. The next step is referring to the
drafting of the statutory documents of the company, which will prescribe the rights and the obligations of the company. The investor should also open a
corporate bank account for the
newly formed company, in which he or she will deposit the
minimum share capital, which is usually established in accordance with the
business form of the company.
The
Belgian legislation also states that the businessmen should s
ubmit a financial plan at a public notary, alongside with the statutory documents, which will be authenticated by the notary;
our team of Belgian company incorporation representatives can offer further details on the
registration process of a real estate agency.
While small businesses with an annual turnover of no more than EUR 25,000 can be considered VAT-exempt, companies are subject to VAT registration in Belgium irrespective of their annual turnover. This is a step that takes place before the commencement of the business activities (the start of the VAT-taxable activities). Our team can give you more details about the requirements.
Real estate industry in Belgium
The businessmen interested in the real estate industry should be familiar with its characteristics. It is important to know that, in 2015, the prices of houses sold at a national level increased by 1,37%, but this increase was mainly sustained by the development in the newly built houses (an increase of 6,5% in the prices), while the prices of the existing units decreased by 0,43%.
When referring to the renting conditions of the local housing units, it is necessary to mention that the higher renting yields were registered for the local apartments with a surface of 50- 75 square meters.