Start-up costs are the initial expenses incurred by a self-employed person when setting up their own business. These costs are unavoidable and necessary to legally register the business and make it operational. They include, among other things, the costs of registering with a recognised business registration office, such as Xerius, Acerta, Liantis, Group S, Securex, and Partena.
In addition to registration costs, start-up costs may also include consultancy fees, legal fees, and costs for opening a business bank account.
Start-up costs are 100% deductible
An important advantage of start-up costs is that they are 100% deductible. This means that the full amount of these costs can be deducted from the company’s taxable profit. This helps to alleviate the initial financial burden and supports start-up entrepreneurs in building their company.
Recognised Business Service Centres
To officially register your business, you must register with a recognised business service centre. Some of the best-known business service centres in Belgium are:
- Xerius
- Acerta
- Liantis
- Group S
- Securex
- Partena
These offices ensure that your company is correctly registered with the Crossroads Bank for Enterprises (CBE) and guide you through the administrative formalities required to legally start your business.
The costs for registering with a business desk amount to usually between €100 and €200. This depends on the specifically desk and the services they offer. In addition, there may be extra costs for additional services such as consultations or specifically administrative tasks.
