Belgium Business Immigration: Belgian Residency By Investment 2020 GoldenVisasAdmin 2019-12-22T20:33:31+00:00. Czech Republic – Residency Through Business, Irish Immigration Changes To Accommodate Skilled Workers, Cyprus’ Innovative Businesses Thrive Under New Schemes, UK Tech Sector Receives Visa And Funding …, Brits Seek Cypriot Citizenship As Brexit Rumbles …, Cyprus Economy Booming Thanks To Visa Investment …, Brexit and visas: how might reforms affect …. It is one of the most influential countries in the world. You will need to renew your residence card and Professional Card after the first two years and then every year until the fifth year when you apply for citizenship. Norway: Self-Employed Persons Visa Norway is one of the Scandinavian countries which is well known for its landscape and clean living. Triangle France. You could go about finding a job the typical way, interviewing with various potential employers until you find the right fit. If you earn 75% or more of your income in Belgium, it may be to your advantage to pass on the tax non-resident status as you can opt for normal resident taxation and take certain personal tax deductions. There are various routes and structures that you can use, from an international holding structure to investing in an existing Belgian company or even investing in a foreign company through a Belgian holding company. The same can be said of Bulgaria. Regardless of which path you take, the first step is to apply for a long-stay visa and then to apply for Belgian residency once you are in the country. If you are a successful person making good money, it may be worth it. Because Belgium does not need you as badly as Armenia does. What level of college education is required? Either way, your employer will pay you a gross salary that you will receive net of social and insurance contributions. It should be noted that Belgium’s program is not like those offered in other countries where you put a couple bucks in the bank and walk away – like Panama’s Friendly Nations Visa, where company formation is a mere formality. If you pursue this route, you must be ready to run a real business. Most importantly, Belgium’s residency program is for someone willing and able to make an actual contribution to the economy. To establish a declaration of nationality, all supporting documents must have been issued within six months of the application submission. Below I offer an overview of the residency requirements for Europe’s most popular destinations for expatriates. Belgium is a very business friendly country and sometimes can be used as a tax haven. The investment must be into a Belgian local business or project which serves to create jobs or alternatively in a start-up Belgian enterprise. The steps are as follows: As explained above, anyone planning to obtain a Belgian residency must first apply for a temporary residence, also known as a long-stay visa. Prices are higher in Belgium for a reason. Belgian real estate and financial investments will also be considered taxable income no matter your tax resident status. Residency and citizenship requirements and application process. But the passport itself is only the beginning. This measure is designed to stop foreigners simply entering Belgium to find work, and an appeal against such a decision will not typically be granted. To be eligible for residency through the golden visa program in the Netherlands, … If you fulfill the requirements and you have a principal residence in Belgium, you can apply at the counter of the Administrative Center in your local municipality without an appointment. At this point, you will need to leave Belgium and wait for your company to be registered. This is a requirement for non-EU/EFTA nationals but the same exemptions apply as for the tourist visa. Some of them lead to citizenship, while others will merely grant you the right to reside in the country. A residence by investment program is another way of obtaining temporary and permanent residence when you are required to invest in a country of your future residence. So, if you really want Belgian citizenship, be ready to pay taxes. Belgium is famous for its chocolate, waffles, and the world’s best beer. The quality of life in Belgium is also one of the highest in the world, from healthcare to education to political stability, and from individual freedom to job security to food and housing. New Residency is your most comprehensive guide to golden visa and investment citizenship programs worldwide. And the program is not like the many other European Golden Visa programs where you can invest in real estate or purchase government bonds. Belgium does not have a direct citizenship by investment program, but has indirect and cheaper route compared to Austria. As is the case in many tax systems around the world, it’s all about how you present your story. The key requirements for Belgian Citizenship are: Permanent Residence status (card type B), legal presence in the country for at least five consecutive years (i.e. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. In contrast to the many Golden Visa programs offered by EU countries, Belgium’s residency program is both less expensive and less defined. With that understanding, several years ago, I decided to pursue residency in Belgium with the hope of eventually obtaining Belgian citizenship. Belgium is a leader, and that’s not going to change. The startup capital for your company must be transferred to a Belgian bank within a few working days after setting up your company. However, your Belgian business does not have to be your main business. But here’s what it all boils down: if you want to be a solid candidate for Belgian residency, you need to add value to their economy. It can take as many as 12 weeks to process a B permit application. You should consider getting residency and citizenship in Belgium if you are looking for a respected Tier A passport and want to form a company within the EU to gain access to Europe and the Schengen Area. "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, The Step-by-Step Process to Obtain Belgian Residency, The Problem with “Own Nothing, Control Everything”, 8 Second Passports and Residencies by Investing in Bonds. Third country nationals can acquire Belgian residence through investment by following two cumulative procedures: one procedure to obtain a professional card and a second procedure to obtain a residence permit. The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success. Belgium is also a solid location for a European base. This website uses cookies to improve your experience while you navigate through the website. The final option to obtain a Belgian residence is to prove that you are a person of independent means. Most everything in a developed country is expensive. Foreigners and non-EU persons can apply for residence permit under investor or business category, which usually involves in either forming a new belgium company with a office and provide employment. Technically, this step begins before you arrive in Belgium, but it is finalized only after arriving and registering your address. Investment must be by means of monetary fund. Can you commit that kind of time, money, and planning? The government is expensive – both in terms of bureaucracy and taxes. You can be a resident for immigration purposes (and start the clock ticking on your five years of residency to qualify for naturalization) without needing to be a tax resident. You should also plan for several costs during the first year of operations. be registered at an address in Belgium-you don’t need to spend all this time in Belgium), working for at least two years and social integration. Liaison with all local and government authorities, Submission of the application to the relevant government authorities, Advice and assistance when renewing your permit. This route is often presented as a residency for retirement since demonstrating independent means generally indicates that you do not intend to engage in a gainful occupation while in the country. Your employer must obtain the work permit before you can enter Belgium. We can assist with dealing with necessary authorities for the application. You can also filter our … On top of that, Belgium is a US visa waiver country – a rare thing indeed – and offers visa-free access to the entire Schengen Area. As desirable as a Belgian passport may be, it might not be worth the drawbacks that come with Belgian citizenship. They can also include their spouse and children in … I am married in Belgium but I am Indian and my husband in Belgium so my file is rejected in Delhi Belgium embassy so pls help me, Your email address will not be published. If you are just getting started working in Belgium, you will need a Belgian Work Permit B, which is granted for a set job with one employer for a limited period of time (up to one year at a time, regardless of the terms of the employment contract). Required fields are marked *. Where: Marseille, France. he Nomad Capitalist team has helped hundreds of people create and execute prolific offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of successWould you like to be next? Dateline: Yerevan, Armenia The flight from Tbilisi this morning was a mere 27 minutes; little more... Dateline: Serbia, Belgrade Two weeks after UK voters did the unthinkable and voted to leave the... Dateline: Belgrade, Serbia Ireland is one of my favorite countries on earth, and for good reason.... I’m looking for Belgium recedency for me and my family. Ultimately, the residency did not work out for my personal offshore plan, but it is a program that I have helped many clients successfully complete since then. You can incorporate a new Belgian company, or a Belgian subsidiary of an international company. If you are already an EU citizen, it’s hard to imagine why you would need a Belgian residence because you can live in Belgium full-time with your other EU citizenship. We’ll go over the details for obtaining this card in our step-by-step application process below. However, the simplest route is to simply start a business in Belgium. It usually takes three to four months after filing the application for the Professional Card to be approved. Join our email list and we’ll send our best articles, videos and exclusive content right to your inbox. You should not apply for Belgian citizenship if you do not want to pay taxes or have a high cost of living. To prove social integration, you will need to show that you have been living in Belgium. Income from independent activity is only taxable in Belgium if it is obtained from business carried out in Belgium or by means of a “fixed base” in the country. Also, keep in mind that it is possible to become a resident of Belgium for the purposes of becoming a citizen without needing to become a tax resident. The irony is that many of the highest tax countries in the world are in Europe. In Belgium, the corporate tax rate is roughly 30% (but will be reduced to 25% in 2020), depending on how you structure it. If you choose to work with us, our team and Belgian lawyer will personally accompany you to the bank meeting and assist in the setup. They have to apply for a residence permit in an investor or business category. It will be sent to you in the mail, at which time, the company is officially considered open and active. We have to read the tea leaves so that we can navigate the unknown details of these programs with finesse. Belgium has an open economy and the business culture in Belgium is fairly formal, similar to its European neighbors.According to EU statistics, there are over 620,000 active businesses in Belgium.The majority of these are small or medium-sized enterprises (SME) which generate around 62.4% of value to the Belgian economy. Belgium is extremely bureaucratic. If you wish to be a shareholder instead of a director of the company, you will not need a Professional Card. Belgium As discussed, you can set up a branch or subsidiary, but we recommend setting up a new company. You can buy or rent an apartment or even rent a room – there is no formal law – but the rates will be high no matter what you do. While the timeline toward citizenship has increased in recent years, the cost to obtain a residence permit in Belgium has gone down. People get rejected. Our clients are predominantly high net worth business investors. The truth is, you can invest as little as €6,200 upfront if you have a business partner or €12,400 of your own capital if you go it alone. Applicants must have 300,000€ or more available for the residency programme. Belgium’s pro-immigrant stance means that, theoretically, it will be much easier to be naturalized. I hear horror stories all the time about the bureaucracy from people who try to go it alone. Entry and Exit Requirements: Are U.S. citizens permitted to enter? Why? The diversity of languages and cultures has also created a welcoming attitude throughout the country toward immigrants and people of other nationalities in general. No, you must start a real company with a solid business plan that will hold up under a rigorous approval process. What Should UK Citizens Do Next? In this article, we’ll cover: Belgium is a beautiful, stable, and peaceful European country. It should be noted that it is not possible to obtain citizenship in Belgium by proving independent means. It is the headquarters for both the EU and NATO and is one of the founding members of the OECD, NATO, the World Trade Organization, the European Union, the Eurozone, and the Schengen Area. Everything is expensive and those costs build up over time. Foreigners and non-EU residents can apply for a Belgian residence permit under their investor or business category – this usually requires forming a new Belgium company with an office, providing opportunities for employment. If you are, then Belgian citizenship may just be on your horizon. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. And if you do try to rent a room to attempt to reduce costs, there is no guarantee that they won’t like what you are doing and refuse to naturalize you after five years. It is valid indefinitely. When applying for a residency permit based opening a business, a business plan is mandatory. Unless you do their citizenship by investment program, historically, they will only naturalize people who are from the Bulgar. This is one reason why, if you really want a Belgium passport, you must be ready to commit. We'll assume you're ok with this, but you can opt-out if you wish. Once your residence is confirmed by a police check, you will be registered and receive a national number. Residency requirements vary according to nationality, profession and reason for staying in Belgium. To qualify for residency and citizenship in Cyprus through a real estate investment … Residency permit in Belgium.We are Delcroix and Associates guiding its clients to obtain european residency through an investment that should be done in … Bulgaria: Permanent Residency through Property Investment – Invest in property and receive automatic Permanent Residency in Bulgaria, a country receiving its Schengen status in the near future Portugal: Golden Permanent Residency for Investors – Invest in a business or a property to take advantage of a direct route to PR in Portugal. Belgium Residency by Investment Belgium is a `financial` capital of europe and European parliament headquarters in Brussels. If you don’t want expensive, don’t pursue Belgian citizenship. If you want help navigating the ins and outs of the program, feel free to reach out. Belgium is going to introduce a new law of work visa and immigration. All documents must be originals or certified copies of originals. If you don’t qualify under any of the specific routes outlined below, you might be able to gain Belgian citizenship through declaration, if you’ve been legally resident in Belgium for 5 years with a good knowledge of one of the 3 national languages and … To qualify for the card, you must have a bachelor’s degree and an employment contract with a Belgian company that pays roughly €52,000. How it … If Bulgaria didn’t have the European Union, do you think it would have any visa-free travel at all? In the market for an EU residency by investment solution in Belgium? Can u plz advise how can I pursue it. If you go the employment route, you will always pay taxes on your salary. You also have the option to opt-out of these cookies. If you want this too, you have to be ready to commit. In the future, I suspect that EU citizenship will involve some degree of a tax obligation no matter where you live. As a tax non-resident, you will not have to report or pay taxes on your foreign earnings in Belgium. For: Open to international emerging artists. It should also be noted that employees are only taxable in Belgium if the cost of their salary is paid by a Belgian company. I was in Brussels a couple of years ago on a Tuesday afternoon and the streets were full of people from all over the world. Nevertheless, the outcome can be quite similar. I speak with people all the time who think moving to the European Union will give them the same cost of living as moving to Georgia. They do not like foreigners. There is no exact standard. Once granted, the permit is good for one year and can be renewed based on business performance. A company is a tax resident of Belgium if its principal establishment, registered office or place of management is located in Belgium. Belgium Investor Residency Programme 2020. Belgium has one of the best passports in the world, coming in at fourth place on our Nomad Passport Index. (Uninterrupted meaning that you have not left Belgium for more than a year at a time.). Over the years, I’ve discovered that there are several key characteristics of the ideal candidate for this program. All the steps in between can be complicated if you do not know what you’re doing, so we’ve created this ultimate guide with all the information you need to determine if Belgian residency and citizenship are what you’re looking for. Who knows? There is no way to live in Belgium full time and legally exempt yourself personally from taxes. Belgium is restricting … To obtain Work Permit A, you must show that you have worked on a type B Belgian Work Permit for four years within a ten-year, uninterrupted residence in Belgium. Everything costs more. As an owner of the company, you can easily qualify for the belgian residence permit. However, if you choose to live with your spouse or cohabitate with a partner in Belgium, this will automatically nullify your tax non-resident status as Belgium will always consider your place of family residence as your tax home. Since most Nomad Capitalists choose to go the route of starting their own company, that is the process we will outline below. It is difficult. But I’m not going to take it on until I’m ready to commit and add value. Exempt categories include managerial positions, technical experts, highly qualified workers, and researchers. They may send the employer alternative candidates for the job from their lists of Belgians receiving unemployment benefits. You will also need to pass a language test in one of the national languages of Dutch, German, or French. You can still structure your overall tax situation so that you only have to pay taxes on your Belgian business and not on your global income. The most important criterion for a successful investment residency application is to show that your business will make a significant contribution to the economy of Belgium by creating local jobs or buying goods or services from local companies. No. This can include previous professional activity, having family in Belgium, having studied in Belgium, or any other close connection to the country. However, in 2012, the three-year naturalization timeline was changed to five years. Belgium is very business friendly country and is at a strategic location ideal for exports and trade. However, unlike the bond investments or donations other governments request for residency and citizenship by investment programs, everything you invest in your company should generate a much higher rate of return. This must be done before arriving in Belgium at a Belgian embassy or consulate in your country of origin. To qualify, you must maintain your registration in the population register for the full five years prior to naturalization. Residency in Belgium for EU and non-EU citizens: How to register for the required documents... All people who plan to stay in Belgium for more than three months are considered residents and must prove that they are entitled to reside in Belgium. Plus, since Belgium now has capital gains tax, the pros do not necessarily outweigh the cons for EU citizens. However, there will be a two year transition period with regard to nationals from eight of these countries (Estonia, Hungary, Latvia, Lithuania, Czech Republic, Poland, Slovakia and Slovenia) who enter to Belgium in order to undertake paid employment … While the requirements for the program are not as clearly defined, the process itself is relatively straightforward. That is the biggest mistake I see people make. An owner of a company in Belgium can easily get a Belgian residence permit. We pride ourselves on providing our clients with up-to-date, easily searchable and accessible information on all programs available at present. It’s all nebulous. It’s a program I might reconsider for myself, or even for my wife, one day. Only 3 years before the citizenship application can be made. Unfortunately, they’re in for a big disappointment.