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Starting up your business : What you should know.

1.       What legal form should you choose for your business?

You can start as a self-employed worker or you could start your own company. If you decide to choose using the legal form of a company, you have to contact also a notary public, accountants and ask for their advice. The notary public will do the necessary to register your company with the Crossroads Bank for Enterprises. Afterwards, you still have to come to the licensed business counter. You will find more information about the different types of companies under "What legal form should you choose for your business".


2.       Preliminary permits

Before registering your company, it is best to check that you do not have to have certain preliminary permits like f.e. a butcher's license, professional card, ..You can contact your professional organization to receive more information.


3.       What administrative formalities do you have to fulfill?

Formalis handles all administrative formalities concerning the registration of your company with the Crossroads Bank for Enterprises. You can start as a commercial of non-commercial enterprise. Commercial enterprises engage in commercial transactions. Non-commercial enterprises perform civil transactions. This distinction is important. Neither the conditions nor the formalities are the same.


4.       Bank account

You are obliged to open a separate bank account for your business. You can not use your private bank account for business purposes.


5.       VAT

Once your enterprise has obtained the company registration number, you must also apply for a VAT number.