This type of business is usually chosen for larger companies as the minimum capital requirement is significantly higher than for a private limited company. It is also beneficial to choose this type of structure for a business that requires a lot of capital, since the company will be able to attract external capital. The minimum capital is at least € 61,500 and upon registration, at least 25% of each share must be paid for a minimum total amount of € 61,500. Unlike the PLLC, the shareholders of a public limited liability company do not play a significant role, since at least three directors must be appointed to manage the company. If there are only one or two shareholders, it is sufficient to appoint only two directors. If a company is appointed as a director, under Belgian corporate law, a permanent representative must be appointed.
When registering public and private limited liability companies, the following documents and other information are required:
Complete information about the identity of the founders;
Financial plan for the first two years;
Bank certificate of approval of capital;
Founders' powers of attorney;
Letter of acceptance from directors;
Copies of directors' passports;
Charter;
Constituent act;
Minutes of the first general meeting for the appointment of directors;
Minutes of the first meeting of the board of directors for certain business decisions;
Registration with the tax administration;
Registration in the commercial register or filing with a commercial court;
Publication in the Official Journal;
Registration with social security and VAT authorities.
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