Belgium Economy and Culture

One of the earliest nations to industrialize was the Austrian Habsburg, now known as Belgium. The Belgian monarchy ensured there was economic development by investing directly into the people or via government policies. In the 19th century, Belgium also developed a well-connected transportation system for railways, roads, canals, and highways. The country also integrated its industry with that of its neighbors. Belgium’s GDP per capita is $41, 096; its minimum wage is 1,562 euros. They also have a high level of export accounting for two-thirds of its GDP. On a per capita basis, Belgium exports five times as much as Japan and twice as much as Germany.

Belgium has a diverse ethnic population and cultures, with the Flanders in the north, Wallonia in the south, and German-influenced culture in the northeast.

April 4Easter Sunday
April 5Easter Monday
May 1Labor Day / May Day
May 13Ascension Day
May 23Whit Sunday
May 24Whit Monday
July 21Belgian National Day
August 15Assumption of Mary
November 1All Saints’ Day
November 11Armistice Day
December 25Christmas Day
  • private stichting
  • stichting van openbaar nut
  • economisch samenwerkingsverband (ESV)
  • stille handelsvennootschap
  • tijdelijke handelsvennootschap
  • vereniging zonder winstoogmerk (VZW)
  • vereniging in deelneming
  • feitelijke vereniging
  • eenmanszaak
  • vennootschap onder firma (VOF)
  • gewone commanditaire vennootschap (Comm. V.)
  • commanditaire vennootschap op aandelen (Comm. VA)
  • besloten vennootschap met beperkte aansprakelijkheid (BVBA)
  • besloten vennootschap (BV)
  • eenpersoons besloten vennootschap met beperkte aansprakelijkheid (EBVBA)
  • Naamloze vennootschap (NV)
  • coöperatieve vennootschap met beperkte aansprakelijkheid (CVBA)
  • coöperatieve vennootschap met onbeperkte aansprakelijkheid (CVOA)
  • Corporate Tax: 25%
  • Income Tax (Lowest Marginal Rate): 25%
  • Income Tax (Highest Marginal Rate): 50%
  • VAT/GST/Sales Tax: 21% (standard rate), 12% (restaurants), 6% (essential and selected goods)
  • Banque nationale de Belgique (Commercial Bank)
  • ABN AMRO Bank Belgium (Commercial Bank)
  • Anhyp (Commercial Bank)
  • Artesia Bank (Commercial Bank)
  • Bank Corluy (Commercial Bank)
  • BBL Web’Bank (Commercial Bank)
  • CERA Bank (Commercial Bank)
  • Citibank Belgium (Commercial Bank)
  • Fortis (Commercial Bank)
  • Gemeentekrediet (Commercial Bank)
  • Generale Bank (Commercial Bank)
  • Goffin Group (Commercial Bank)
  • ABK Bank CVBA (Commercial Bank)
  • Argenta Spaarbank NV (Commercial Bank)
  • BKCP SCRL (Commercial Bank)
  • BNP Paribas Fortis SA (Commercial Bank)
  • Banca Monte Paschi Belgio (Commercial Bank)
  • Bank Dierickx Leys (Commercial Bank)
  • Bank J. Van Breda en C° NV (Commercial Bank)
  • Banque CPH (Commercial Bank)
  • Banque Degroof Petercam SA (Commercial Bank)
  • Banque Eni SA (Commercial Bank)
  • Banque Nagelmackers SA (Commercial Bank)
  • Belfius Bank (Commercial Bank)
  • Banque Transatlantique Belgium  (Commercial Bank)
  • Beobank SA (Commercial Bank)
  • Byblos Bank Europe (Commercial Bank)
  • CBC Banque (Commercial Bank)
  • CENTEA (Commercial Bank)
  • Centrale Kredietverlening (Commercial Bank)
  • Crelan SA (Commercial Bank)
  • Crédit professionnel SA (Commercial Bank)
  • Delen Private Bank SA (Commercial Bank)
  • Euroclear Bank (Commercial Bank)
  • Europabank (Commercial Bank)
  • Goffin Bank NV (Commercial Bank)
  • ING Belgium (Commercial Bank)
  • KBC Bank NV (Commercial Bank)
  • Keytrade Bank SA (Commercial Bank)
  • MeDirect Bank SA (Commercial Bank)
  • Puilaetco Dewaay Private Bankers  (Commercial Bank)
  • Santander Consumer Bank SA (Commercial Bank)
  • Saxo Banque (France) SA (Commercial Bank)
  • Shizuoka Bank (Europe) SA (Commercial Bank)
  • Société Générale Private Banking NV (Commercial Bank)
  • The Bank of New York Mellon SA (Commercial Bank)
  • United Taiwan Bank SA (Commercial Bank)
  • VAN DE PUT & CO Banquiers  (Commercial Bank)
  • bpost banque SA (Commercial Bank)
  • vdk bank NV (Commercial Bank)
  • ABN AMRO Bank NV (Foreign Bank)
  • ABN AMRO Clearing Bank SA ( (Foreign Bank)
  • AXA Bank Belgium SA (Foreign Bank)
  • Aareal Bank AG  (Foreign Bank)
  • Adyen BV, Belgian Branch (Foreign Bank)
  • Arkéa Direct Bank SA (Foreign Bank)
  • Attijariwafa bank Europe SA (Foreign Bank)
  • BHW Bausparkasse AG (Foreign Bank)
  • BNP Paribas (Foreign Bank)
  • Banco Bilbao Vizcaya Argentaria (Foreign Bank)
  • Banco Santander SA (Foreign Bank)
  • Bank of America Merrill Lynch International (Foreign Bank)
  • Bank of America (Foreign Bank)
  • Bank of Baroda (Foreign Bank)
  • Bank of China (Luxembourg) SA (Foreign Bank)
  • Bank of India (Foreign Bank)
  • Banque BCP (Foreign Bank)
  • Banque Chaabi du Maroc (Foreign Bank)
  • Banque Degroof Petercam Luxembourg SA (Foreign Bank)
  • Banque Internationale à Luxembourg (Foreign Bank)
  • Banque PSA Finance SA (Foreign Bank)
  • Banque Privée Edmond de Rothschild Europe (Foreign Bank)
  • BinckBank NV (Foreign Bank)
  • CA Indosuez Wealth (Europe), succursale en Belgique (Foreign Bank)
  • Caceis Bank (Foreign Bank)
  • Caisse d’Epargne Nord France Europe ( (Foreign Bank)
  • Citibank Europe Plc (Foreign Bank)
  • Citibank International Limited (Foreign Bank)
  • Commerzbank AG (Foreign Bank)
  • Compagnie de Banque Privée Quilvest SA (Foreign Bank)
  • Coöperatieve Rabobank U.A. (Foreign Bank)
  • Credit Europe Bank NV (Foreign Bank)
  • Crédit Agricole Corporate and Investment Bank (Foreign Bank)
  • Crédit Foncier de France SA (Foreign Bank)
  • Crédit foncier et communal d’Alsace et de Lorraine-Banque (Foreign Bank)
  • Demir-Halk Bank (Nederland) NV (Foreign Bank)
  • Deutsche Bank AG (Foreign Bank)
  • Edmond de Rothschild (Europe) (Foreign Bank)
  • Elavon Financial Services DAC (Foreign Bank)
  • F. Van Lanschot Bankiers NV (Foreign Bank)
  • FCE Bank plc (Foreign Bank)
  • HSBC Bank plc (Foreign Bank)
  • Habib Bank Limited (Foreign Bank)
  • Hoist Finance AB (Foreign Bank)
  • ICICI Bank UK plc (Foreign Bank)
  • ING Bank NV (Foreign Bank)
  • Industrial and Commercial Bank of China (Europe) (Foreign Bank)
  • J.P. Morgan Europe Ltd (Foreign Bank)
  • NIBC Bank SA (Foreign Bank)
  • Natixis Bank SA (Foreign Bank)
  • Société Générale (Foreign Bank)
  • State Bank of India (Foreign Bank)
  • The Bank of New York Mellon (Foreign Bank)
  • The Royal Bank of Scotland Plc (Foreign Bank)
  • Triodos Bank NV (Foreign Bank)
  • Union Bancaire Privée (Europe) SA (Foreign Bank)
  • Union Bank of India ( (Foreign Bank)
  • ING Private Banking (Private Bank)

Aadmi can support you with your expansion to Belgium. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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