[ESTABLISHING A BUSINESS ENTITY IN BELGIUM] 57
BV
CV
NV
Main characteristics
The BV is a legal entity with limited liability. Since 2019, it is possible to provide for the free transfer of shares and to have tailor-made provisions in the articles of association. Suitable for all businesses, but especially for family-run businesses and SMEs.
The cooperative company aims to meet the needs of its shareholders or third
The public limited company is a legal entity whose share capital is divided into shares which are, in principle, freely transferable.
parties and/or to develop their economic and social activities.
Only available for companies with a real cooperative purpose.
Suitable for larger and listed companies.
Limited liability
YES
YES
YES
INCORPORATION
Number of shareholders
At least one person (natural or legal)
At least 3 shareholders (individual or legal entity), but no maximum
At least one person (natural or legal)
Unlimited number of shareholders
Unlimited number of shareholders
number of shareholders
Suitable for listing
YES (if the articles of association contain tailored provisions to this effect)
NO
YES
Capital requirements
No minimum capital required but sufficient assets
No minimum capital required but sufficient assets
At least 61.500 EUR
Types of securities
Shares (with or without right to vote)
Shares (only with right to vote)
Shares (with or without right to vote)
Bonds
Bonds
Bonds
Convertible bonds
Convertible bonds
Warrants
Warrants
Profit sharing certificates
ILN Corporate Group – Establishing a Business Entity Series
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