The procedure to start up a business has been drastically reformed since 1 June 2006. It is now possible to start up a business in only 3 days. The notary can electronically exchange the data necessary to create a business through an electronic counter or 'e-depot'. This means that the notary will electronically sign the authentic act. The file is then sent to the different databases of the registry, the Crossroads Bank for Enterprises and the Belgian Official Gazette. The notary receives the client's company number in a matter of minutes.
From now on, the starter only needs to take three steps in three days:
1. Bank:
The starter deposits the minimum capital. This takes maximum 1 day.
2. Notary:
The starter goes to the notary. The notary submits the authentic act electronically and receives the company number. This takes only 1 day.
3. Business one-stop shop:
the starter can go immediately to one of the business one-stop-shops and activates the unique company number. This also takes maximum 1 day.
The starter can go and do business.
Belgium is now the fastest country in Europe to start up a new company.
This is very interesting and very enlightening as to why commerce and progress is slowed down in the USA. In short too much RED TAPE !! The internet allows individuals to work without all of the restrictions that are put onto the companies in the name of gaining revenue for the taxing authorities. Let us learn from these mistakes and move forward with progress! Peter the Infowizard in Sacramento California
TheInfowizard 3 years ago