TKEG Expat ™ (Sweden) Business Guide

Kingdom of Belgium

Corporate Services in Belgium

Strategic Position

As a member of the European Union, Belgium serves a market of over 500 million EU consumers. Thanks to Belgium's geographical location, trade across Belgian borders is extremely fast, with export compliance requirements being met in just one hour. This is one reason why Belgium ranks first in the world in the cross-border trade category among 190 economies in the World Bank's Doing Business Report.

Diversified Economy

Belgium is committed to strengthening and expanding free trade agreements to facilitate entry into international markets and further promote economic growth. Belgium is the 12th largest exporting country and the 14th largest importing country globally. The service sector contributes to nearly 75% of the GDP and employs 73% of the workforce. Additionally, the region is a hotbed for developing biotechnology industries, mainly focusing on research, start-ups, and medical trials. Belgium's market comprises the French-speaking Walloon region, the Dutch-speaking Flemish region, and a small German-speaking area. This diversity makes Belgium an ideal place for companies to test products before expanding sales across Europe.

Strong Infrastructure

Political Center of the European Union

Brussels is often referred to as the "capital of Europe" and serves as the center for European and global governance. Notable institutions such as NATO and the European Union have their headquarters here. Aside from politics and administration, Brussels is also an active international business center and is the second most preferred destination for international association meetings, after Singapore.

Administrative Regions

BRU - Brussels-Capital Region
VAN - Antwerp
VBR - Flemish Brabant
VLG - Flanders
VLI - Limburg
VOV - East Flanders
VWV - West Flanders
WAL - Wallonia
WBR - Walloon Brabant
WHT - Hainaut
WLG - Liège
WLX - Luxembourg
WNA - Namur

Belonging Jurisdiction

Kingdom of Belgium

BE - Belgium

Kingdom of Belgium
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European Economic Area

EEA - European Economic Area

European Economic Area
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European Union

EU - European Union

European Union
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Earth

WORLD - Global

Earth
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