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Belgian legal entities

The long-awaited Code of Companies and Associations will become a reality in 2019. Both existing and newly-established companies should begin preparing themselves.


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With the new Belgian Company Code the composition of the NV board is more flexible with the creation of 3 governance regimes: monistic governance, sole director and dual governance.


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The new Belgian Company Code (BCC) has aligned the rules applicable to a non-profit organization and foundation to those applicable to companies.


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In light of the simplification of the corporate landscape, the Belgian Company Code (BCC) introduces a drastic reduction in the number of different company forms.


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The key feature of the Belgian Company Code (BCC) is undoubtedly the simplification and flexibilization of the private limited liability company.


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The Belgian corporate landscape is about to get revamped with changes set to impact the legal, tax and accounting aspects of all Belgian legal entities.


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