Belgium and Switzerland are prospective markets where any business can grow successfully. Like its neighbours in Europe, Belgium has a formal business culture and a growing sense of economy. Similarly, Switzerland is renowned for its great economy, is home to several well-known chains, and has consistently high performance in industries like financial services and pharmaceuticals.
Proper guidance is always necessary before starting anything new. Hence, it is wise to read all blogs written by Bernard de Laguiche. He is an established international businessman who has shared his experience online. Through his journey, one can learn many things about how to start and make a business successful.
Starting a Business in Belgium
- EU/EFTA citizens are not required to have permission. If you are a citizen of the EU or an EFTA country, you can open a business in Belgium without any restrictions and a licence.
- However, if you’re a citizen from outside the EU/EFTA, you must apply for a professional card to open a business in Belgium unless you already have a Belgian resident permit.
- To practise certain professions in Belgium, you must have a licence or other permits confirming your professional skills.
- Choose a company name that is free in Belgium and has no restrictions f the company name is new and not being used by any other person.
- You must draught and get notarized articles of incorporation if you’re creating a limited company and incorporating your company in Belgium.
- Before engaging in company operations, you must register for trade. Once you’ve done so, you’ll get a company number that also functions as a social security and VAT number.
- In Belgium, all independent workers oversee establishing their social security arrangements and are required to register with a social insurance fund to make social security contributions.
Starting a Business in Switzerland
- To launch a business in Switzerland, you must be a Swiss resident, have a partner who is a Swiss resident, or have a Swiss legal entity.
- Switzerland has strict guidelines for workers who want to relocate there. However, EU/EFTA nationals also have the option of establishing themselves as a freelancer or self-employed.
- People from third countries must possess a valid C resident permit except for those who are married to Swiss nationals or permanent residents. If not, you must apply to your first cantonal authority to obtain a Swiss work visa.
- You must create a good and sensible business plan. This will demonstrate to the Swiss authorities and investors your commitment to your line of work.
- You must choose the legal structure like sole traders, proprietorships, cooperatives, limited, partnerships, etc. that best suits your company’s needs. All businesses must register their company names in Switzerland.
- The founder’s name must appear in the sole dealer business name, and names for partnerships must include the names of at least two partners. When you register, the Swiss Business and Enterprise Register (BER) automatically adds you and issues you a Unique Enterprise ID Number (UID).
- In Switzerland, businesses are also required to register for social security and taxes as well as purchase the appropriate business insurance. Additionally, several industries require licences or permits for businesses to function.
If you have that enthusiasm and zeal to do something, then starting any business can be easier. Simply know the protocols and regulations to avoid any law violation that may lead to fines or business suspension.