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ARTICLE · 09 APRIL 2019

Belgian Parliament Approves The New Companies Code

Intertrust
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To make Belgium a more competitive and attractive place to establish business, the Parliament adopted the new Companies Code on 28 February 2019.

BelgiumFinance and Banking
Brecht Guldemont
Brecht Guldemont
Christophe Tans
Christophe Tans

To make Belgium a more competitive and attractive place to establish business, the Parliament adopted the new Companies Code on 28 February 2019. The new Companies Code impacts both new and existing companies and goes into effect as of 1 May 2019.

Key changes

1) Structure - Modernised to fit today's business needs

  • Reduction of the number of company forms
  • Registered office is the only relevant factor in determining applicable companies law
  • Cooperative company (CV/SC) reserved solely for cooperative companies
  • Simplification of structure of company groups by allowing private and public limited liability companies (NV/SA) to be held and/or incorporated by one shareholder

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