Belgium is a small but prosperous country in Western Europe with a population of around 11.7 million. Its strategic location at the heart of Europe makes it a hub for international trade, making it an attractive destination for businesses looking to expand their operations globally. In this blog post, we will discuss why you should be interested in expanding to Belgium and how you can do it using Global PEO’s Employer of Record (EOR) services.
Why you need to be interested in expanding into Belgium
Belgium has a highly skilled and educated workforce, which is an attractive prospect for companies looking to expand their operations. The country is known for its strong economy, stability, and low unemployment rates. Additionally, it has a strategic location at the heart of Europe, which means that businesses can access the European market with ease.
Belgium’s government offers a range of incentives for foreign companies looking to establish themselves in the country. These include tax breaks, subsidies, and grants, which can make it easier for companies to get started. Furthermore, Belgium has a high level of political stability, and the country is home to the headquarters of many international organizations.
Employer of Record Belgium: Why you should consider it as your main option
If you’re looking to expand your business to Belgium, one option you should consider is using an Employer of Record (EOR) service. An EOR is a third-party organization that acts as the legal employer of your staff in the country. This means that they take care of all the legal, administrative, and HR responsibilities, allowing you to focus on your core business activities.
Using an EOR in Belgium is particularly beneficial if you want to test the waters before fully incorporating your company in the country. EOR services are also ideal for companies that need to move quickly and don’t have the time or resources to set up a legal entity in Belgium.
Why is better to use EOR services than incorporating your company
Incorporating a company in Belgium can be a time-consuming and costly process. It can take several months to establish a legal entity, and there are many legal and administrative requirements that need to be met. Incorporation also requires a significant investment of time and resources, which may not be feasible for smaller companies.
Using an EOR service in Belgium is a cost-effective and efficient way to expand your business. It allows you to establish a presence in the country without the need to set up a legal entity. Additionally, EOR services offer a range of benefits, including compliance with local labor laws, tax regulations, and employment regulations.
Step by step of the EOR process
Here is a step-by-step guide to using an EOR service in Belgium:
- Contact an EOR provider: Start by researching EOR providers that offer services in Belgium. Choose a provider with experience in the country and a good reputation.
- Discuss your needs: Once you’ve found a provider that meets your needs, schedule a call to discuss your requirements. During this call, you’ll be able to discuss the specific services you require and the costs involved.
- Sign a contract: If you’re happy with the service offering, sign a contract with the EOR provider. This contract will outline the terms and conditions of the service, including costs, responsibilities, and obligations.
- Provide employee details: Provide the EOR provider with the details of your employees who will be working in Belgium. Thisincludestheirnames, roles, and salaries.
- EOR sets up contracts: The EOR provider will set up contracts with your employees, which will outline their terms of employment, including salary, benefits, and working hours.
- EOR handles payroll: The EOR provider will be responsible for handling payroll, including calculating salariesand taxes, and making sure that they comply with local regulations.
- EOR manages administrative tasks: The EOR provider will also take care of administrative tasks, such as obtaining work permits and visas for your employees, and registering them with the local authorities.
- EOR provides ongoing support: The EOR provider will provide ongoing support to your employees, such as HR and legal advice, and will handle any issues that arise during their employment.
Recruitment in Belgium
If you’re using an EOR service in Belgium, the EOR provider will handle the recruitment process for you. They will source candidates, screen resumes, conduct interviews, and make job offers on your behalf. This saves you time and resources, as you don’t need to hire a local HR team or recruitment agency.
If you decide to incorporate your company in Belgium, you’ll need to set up a local HR team or work with a local recruitment agency to source candidates. Belgium has strict labor laws that need to be followed, and it’s important to ensure that your recruitment process complies with local regulations.
Conclusion
Expanding your business to Belgium is a great way to access the European market and take advantage of the country’s strong economy and skilled workforce. If you’re considering expanding to Belgium, using an EOR service is a cost-effective and efficient way to establish a presence in the country without the need to set up a legal entity. With Global PEO’s EOR services, you can focus on your core business activities while we take care of the legal, administrative, and HR responsibilities. Contact us today to learn more about how we can help you expand your business to Belgium.
