Belgium is becoming a more and more appealing place for entrepreneurs and innovators who want to launch businesses in Europe. Belgium is a great place for businesses to flourish since it is in a good position, has a diverse population, a robust infrastructure, and access to the EU market. Getting a startup visa is the most important initial step for those who are not EU citizens who wish to establish a company in Belgium. This visa lets them live in the nation lawfully while they start and run their company.
Understanding the startup visa framework
Belgium doesn’t offer a particular “startup visa” program as some other nations have. However, entrepreneurs from outside the EU may apply for a professional card, which allows them to work for themselves. For those who want to establish and operate a company, the professional card works like a visa. You need this card in addition to a Type D long-stay visa, which lets you remain in Belgium for more than 90 days.
Applicants must show that their company is viable and has economic value. This means showing that the company concept is new, can last, and might produce jobs or help the Belgian economy. Startups in fields like technology, sustainability, and digital innovation are more likely to be seen in a good light, particularly if they help meet regional or national development objectives.
Requirements and the application process
You need to ask for a professional card to start the application procedure. The applicant’s country of residency has a Belgian consulate or embassy that can accomplish this. The company owner has to provide a full business plan that includes the business’s goals, market research, financial projections, and a plan for how the business will expand. Supporting documents should also include academic or professional credentials, a clean criminal record, proof of health insurance, and evidence of sufficient funds to support yourself during the initial stay.
Belgian officials could also ask applicants to sign up with a known business incubator or support group. These organisations may help prove the business’s potential and help the applicant get through the early phases of growth. This isn’t required, but it may make the application stronger and show the authorities that the company has a lot of support.
After the professional card is accepted, the person may apply for the Type D visa. When the entrepreneur gets to Belgium, they need to register with the local commune and get a residence permit that fits their position as a self-employed person.
Length and renewal
The professional card is usually good for one to five years, depending on the kind and stage of the business. Most of the time, new firms get a one-year card to start with so the government can see how well they do. The card may be renewed for extended periods of time if the firm does well and accomplishes its goals.
To renew, you need to send in fresh paperwork that shows the company is still open and making money. This contains tax returns, profit and loss accounts, and proof of any jobs that were generated. The startup’s success and compliance with local laws and rules will determine if they may stay in Belgium.
Benefits of starting a business in Belgium
Starting a business in Belgium gives you access to a lot of incentives. The nation has a lot of incubators, accelerators, and ways to get money. Government organisations and regional investment platforms regularly provide money to new enterprises in the form of grants and subsidies. Belgium’s strategic location in Europe also helps entrepreneurs since it makes it easier to trade and work with nations nearby.
Successful entrepreneurs who stay in Belgium for a long time may also be able to get permanent residency and eventually citizenship. After living in the country legally for five years, including time spent on a startup visa, you may seek for permanent residency. Continued integration and commercial success might lead to becoming a Belgian citizen later on.
You may also find these articles helpful
EU Blue Card: How to get it in 2021?
Spanish Non-Lucrative Visa: How to get one?
Greece Golden Visa: the most profitable investment in real estate
