The ISO code of Belgium is BE according to the ISO 3166 standard. The local name of the country is Belgique,Belgie. Belgium capital city is Brussels. People in Belgium speak the Dutch, German, and French languages. On 4 October 1830, Belgium emerged as a sovereign political entity. In the year 10/04/1830, Belgium emerged as a sovereign political entity. The largest city in Belgium is Brussels.
Belgium is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Belgium is .be. Other domains assigned to Belgium are .vlaanderen, .gent, .brussels, .eu. The domain name .eu is available for use by organizations in and residents of European Union member-states. The International dialing code for Belgium is 32. People in Belgium drive on the right side of the road. Total land area of Belgium is 30,528 km² (approx. 11,787 mi²). Belgium is not a landlocked country. It means that is is bordered by at least one major body of water.
Belgium is located in Europe. Belgium is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Belgium faces various issues, including industrial and agricultaral damage to the environment.
Doing business in Belgium
We offer various corporate services in Belgium jurisdiction. These services can serve both, people coming from Belgium and foreigners. If you plan on doing business in Belgium you might be interested in contacting us.
To find out about starting your business in Belgium click on company formation in Belgium.
To find out how to open a bank account in Belgium and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Belgium.
Choose preferred service below or continue reading to find out more about Belgium.
Demographics of Belgium
The total population of Belgium is 11,498,519 people. In Belgium, the population density is 368 people per square kilometer (957 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Belgium is 0.5554. Belgium has approximately 1387940 foreign immigrants. The median age is approximately 43.1 years. In Belgium, 82 in every 100 people use internet. Belgium has a Human Development Index (HDI) of 0.881.
The majority religion of Belgium is Christianity, Belgium is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Belgium.
Culture of Belgium
People in Belgium speak the Dutch, German, and French languages. According to data on inbound tourists in Belgium, 7,684,000 tourists arrive in the country each year. The first McDonalds in Belgium was opened on 21 March 1978, and it was located in Brussels. One of the most popular national dishes of Belgium is moules-frites. To read more click on culture of Belgium.
Geography of Belgium
Belgium is considered to be a large nation because of its total area. Its total land area is 30,528 km² (approx. 11,787 mi²). Belgium is located in Europe. Its capital city is Brussels. Belgium has 4 neighbouring countries. Its neighbours include France, Germany, Luxembourg, and Netherlands. Total length of land borders of Belgium is 1297 kilometers (~501 miles).
The highest point of Belgium is Signal de Botrange, with its official height being 694 m (2,277 ft). Including land mass and EEZ, the total area of Belgium is approximately 33,975 km² (~13,118 mi²). The most notable natural resources found in Belgium are construction materials, silica sand, carbonates, arable land.To read more click on geography of Belgium.
Economy of Belgium
The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 6.6% of population in the country are unemployed. The total number of unemployed people in Belgium is 758,902. Each year, Belgium exports around $295.3 billion and imports roughly $310.2 billion. The Gini Index of the country is 25.9. Belgium has a Human Development Index (HDI) of 0.881.The Global Peace Index (GPI) for Belgium is 1.365. Belgium has a government debt of 23% of the country's Gross Domestic Product (GDP), as assessed in 2012. Belgium is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are engineering and metal products, motor vehicle assembly, transportation equipment, scientific instruments, processed food and beverages, chemicals, base metals, textiles, glass, petroleum.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Belgium is $483,331 billion. Each year, consumers spend around $270,819 million. The ratio of consumer spending to GDP in Belgium is 0%, and the ratio of consumer spending to the world consumer market is 0.63. The corporate tax in Belgium is set at 33.99%. Personal income tax ranges from 0% to 64%, depending on your specific situation and income level. VAT in Belgium is 21%. To read more click on economy of Belgium.
Infrastructure of Belgium
Infrastructure quality in Belgium is rated to be at 4.1. It indicates a good quality - roads, railroad, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, as well as most probably there are special facilities for handling high intensity and/or special traffic or vehicles (e.g. motorways a.k.a. autobahns and deepwater ports).
In Belgium, 100% of the population has access to electricity. There are 5,192,000 internet hosts in Belgium. Belgium has 41 airports nationwide.
The logistics performance index of Belgium is 4.04. It indicates a good performance - the logistics system is well prepared and organised, shipments mostly arrive on time and do not suffer damage, and the infrastructure is ready to handle even unpredictably big amounts of traffic as long as it is not overwhelming.
Tracking possibilities for shipments are rated at 4.11. It indicates a good performance - the tracking systems provide detailed and up-to-date information about most of the parameters of shipments, as well as often transcend national (both political and linguisitc) barriers and may be qualified as international shipment tracking systems.
The number of road motor vehicles per 1000 inhabitants in Belgium is 174. To read more click on infrastructure of Belgium.
Politics of Belgium
Belgium, is a federal parliamentary constitutional monarchy. With regard to political and civil freedoms, Belgium is 1. Citizens in Belgium experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Philippe.
According to the World Bank Group, the government effectiveness index of Belgium is 1.4. This indicates that the government of Belgium is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Belgium, the legislative power is vested in a Federal Parliament. The Global Peace Index (GPI) for Belgium is 1.365. The strength of legal rights index for Belgium is 4. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. Belgium is a member of the United Nations (UN). On 27 December 1945, it joined the UN at it inception date as a full member state. Belgium is one of the original UN member states who founded the organization. Belgium is a member of the European Union (EU). On 27 December 1945, it joined the EU as a full member state. Belgium is a member of the World Bank. To read more click on politics of Belgium.
Environment of Belgium
Belgium emits 8.8 metric tons per capita of CO2. 6834 km² of Belgium's territory is covered in forests. and forest land comprises 22% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Belgium is 174. To read more click on environment of Belgium.
Company formation in Belgium
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Belgium.
When establishing a company in Belgium, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Belgium that will affect the establishment and growth of one's business. Contact us or click on company formation in Belgium to read additional information when setting up a business.
Bank account opening in Belgium
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Belgium. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Belgium, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Belgium or contact us.