Visualizing the key changes
A compact overview of what has changed.
Simplicity
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The private limited liability company (BV/SRL);
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The public limited liability company (NV/SA);
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The cooperative company (CV/SC); and
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The partnership.
* non-profit organizations can carry out unlimited commercial activities in the future, if their articles of association explicitly allow this.
Flexibility
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Private limited liability company (BV / SRL) = the new 'by-default' form
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NV / SA = more flexibility with respect to governance
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Introduction of a cap on directors’ liability, based on company size
Harmonized EU approach
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Foreign law can apply to foreign entity in Belgium
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Free movement of companies in the EU
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Aligning with changing legal environment in Belgium and the EU
Key dates
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1 May 2019 = Law applies to new entities
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1 Jan 2020 = Mandatory provisions apply to existing entities
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1 Jan 2024 = All provisions apply to existing entities
