1. Costs

        

     

Core costs of setting up an association in Brussels

  • Registration and publication fee (see here for current amounts),
  • Notary costs, for any association choosing to become an international non-profit association  (INPA),
  • Any consulting or service costs for advice or support (e.g. from an Association Management Company (AMC), lawyer, tax advisor, social secretariat, etc.).

  

Minimum base capital?

There is no founding capital required to establish an association (ASBL/AISBL) in Belgium.

    

Recurrent costs to be expected

Associations typically have the following recurrent fixed and administrative costs:

  • Rent and utility costs
  • Service fees (e.g. association management company, lawyer, tax advisor
  • Employment / contracting costs
  • Insurances
  • Costs for official publications and for ensuring compliance
  • Subscriptions, licenses

    

    

2. Banking

It is obligatory to open a bank account for the association. Although Belgian legislation does not explicitly require the bank account to be in Belgium, for practical purposes this would be recommended. The bank will request the following information:

  • Information on the legal entity (name, address, type of legal entity, etc.);
  • Information on each mandatory (full name, birth date, occupation, address, phone number, email address) and definition of their rights (access, payments, limits, etc.);
  • a copy of each mandatory’s ID and, if no Belgian ID, also proof of address, such as utility bill, driver’s license, tax declaration, etc. need to be provided.

The bank documents need to be signed by each mandatory, and they are likely to need to identify themselves in person at a Belgian branch of the chosen bank. 

  

3. Fiscality

In Belgium, non-profit associations are normally not subject to corporate income tax, but rather to the legal entities tax, which taxes income from real estate (e.g. rental income), and certain types of movable income (e.g. investments) that the association might own. In very specific circumstances, they may be subject to some specific income tax.

  

Accountant Using E Invoice Software At Computer In Office

     

4. Liability

The association is responsible for the faults of its directors and bodies. Nevertheless, the association, via its general assembly, has the power to engage the legal responsibility of its directors for their mistakes and damages to the association.

The directors and the officers, may be held legally liable in case they do not exercise their mandates in a professional manner. In cases of gross mismanagement, they may be held accountable towards the association for faults in the exercise of their assignment (contractual fault), and towards third parties for extra-contractual faults.

   

   

Disclaimer

The content provided in these answers is for general information only and it may not apply in a specific situation or to a specific transaction. Specific advice should always be sought before taking any action based on the information contained in this document. This information is not intended to create, nor does receipt of it constitute, an advisor (tax, legal or other advisor)-client relationship. Although visit.brussels and its Contributors have made every effort to ensure the accuracy of this document, neither visit.brussels nor the Contributors accept any responsibility for any errors or omissions contained herein or from consequences that may derive from errors, omissions, opinions or advice given in these answers. Although the information is accurate as at the date it was written, be advised that the topics covered in this document are ever-evolving and the information contained herein may not reflect current legal, tax, political or other development, case law or regulations.

Produced by Interel teams, on behalf of visit.brussels.
Last update : 08/09/2020