Obtaining the citizenship of Belgium.
Belgium is an attractive country in the center of Europe. Therefore, the acquisition of Belgian citizenship brings with it many advantages, the most important of which are:
In Belgium, a very favorable tax regime for individuals, managers, holding companies with an international structure and wealthy people. Belgium is the last country in Europe where there is no tax on personal wealth or property, there is no capital gains tax due to income from shares.
And also among the advantages are the following:
Withholding income tax on receivables is no more than 15%. The income from dividends for individuals is between 15 and 25%. The absence of a tax on the surplus value of real estate (if it is privately owned for at least 5 years). The gift tax is from 0 to 3% careful tax planning) The possibility of completely avoiding the taxation of property transferred by inheritance In some cases, income outside Belgium is not taxable International agreement on avoidance of double taxation Reductions in interest income to companies (notional interest deduction) In some cases, it may make the cost of obtaining a residence permit through the company.
Residence permit and Citizenship of Belgium.
With a Belgian residence permit, you can travel without a visa to Europe.
(Schengen Area) After 3 years of legal residence in Belgium, you can apply for citizenship After 7 years of legal residence in Belgium, you will have the right to obtain Belgian citizenship. No restrictions on the second citizenship. The number of confirmed applications per year is not subject to the quota system. Extensive visa-free travel (127 countries of the world)
Persons who have recently arrived in Belgium, first apply for a residence permit. During the first three years, the residence permit is renewed every year, after which, as a rule, a permanent residence permit is issued. And in 7 years the resident gets the right to become a citizen of Belgium. Such a condition is unique in that it gives a certain guarantee of obtaining Belgian citizenship, unlike most countries where citizenship is granted only by decision of the competent authorities.
The decision on all applications with a request for a residence permit or citizenship in Belgium is made by the authorities on an individual basis. The two main categories are: 1) investors or managers, business owners; 2) private entrepreneurs.
To obtain a residence permit, the applicant must have a strong connection with Belgium. This relationship can be personal and / or business / professional. Having established a company here, a foreign citizen can easily prove a business relationship with Belgium.
Investing in the Belgian economy Belgium encourages and creates favorable conditions for investors to make any investments in existing Belgian companies or, even, to invest in foreign companies through Belgian (holding) companies. The double taxation treaty gives investors who want to open a company in Belgium many tax planning opportunities.
Having decided to establish a company in Belgium, the applicant can be appointed the head of the company. This company may be an international holding company or financial company and have a group structure. There are no requirements that determine the way of investing. The company can be financed by another concern or receive loans from another concern. The applicant may or may not own the shares of the company. The company’s share capital should not be less than 12,400 euros.
The minimum salary of the applicant must be 35, 000 euros per year. Today, salaries of this class are taxed at a rate of 30%, which is levied on the basis of special Belgian regulations. In addition to deductions from wages to social insurance funds, there are no other social payments.
Obtaining the citizenship of Belgium.