Belgium is a leading country for buying and selling property in Europe. Majority of deals made by clients of Excelion and MGR Capital shows the attractiveness of Belgium. The data was provided by Motti Gruzman and Vladislav Nemirovsky.
Nestled at the crossroads of Western Europe, Belgium plays a pivotal role in both European and global economies. As a founding member of the European Union and headquarters to numerous international organizations, Belgium has consistently served as a vital hub for global trade and commerce, establishing strong business relationships across the globe.
Despite being a relatively young nation, established in 1830, Belgium’s rich history and strategic position at the crossroads of different cultures have contributed to its modern cosmopolitan identity. The country is divided into three distinct regions — Brussels-Capital, Flanders, and Wallonia — and recognizes three official languages: Dutch, French, and German. This diversity, combined with a multilingual population, gives Belgium notable purchasing power.
Despite its small size, the country presents a wealth of opportunities for businesses from around the world. Here are several reasons why Belgium stands out as a premier investment destination:
Open economy
Belgium boasts an exceptionally open economy, with exports making up over 80% of its GDP. According to the World Trade Organization (WTO), this places the country among the top 10 exporting nations globally. Strategically located in Western Europe and home to numerous international institutions, it is firmly embedded in the global economy. In fact, the KOF Index, which assesses a country’s openness across economic, political, and social dimensions, ranks Belgium as the most globalized country in the world.
Belgium ranks 5th in Ernst & Young’s European Attractiveness Survey, underscoring its strong appeal as a prime location for new investment projects.
Gateway to 500 million European consumers
Central position in one of the world’s most prosperous and developed regions provides businesses with extensive export opportunities. Remarkably, 80% of Europe’s purchasing power is concentrated within a 500-mile (±800 km) radius of Brussels.
The country is also recognized as a prime consumer test market, where products that succeed often find similar success across Europe. This makes Belgium not only a gateway to Europe but also a launchpad for global expansion.
Logistics powerhouse
Belgium boasts a comprehensive and highly efficient transportation network, offering businesses a wide range of distribution options. Whether by road, rail, sea, waterways, air, or a combination of these, companies can expect seamless logistics solutions. The country’s advanced telecommunications and Internet infrastructure further support efficient supply chains.
Many businesses have already established distribution centers in Belgium, drawn by its proximity to Europe’s major markets and low costs. It’s no wonder the country is considered Europe’s premier logistics and distribution hub.
High-quality workforce
Belgium’s workforce is among the most productive in Europe, bolstered by a well-regarded education system and the ability to communicate in multiple languages. This multilingualism, combined with flexibility and a continuous learning mindset, makes the Belgian labor force adaptable to ever-changing industries.
35% of the workforce holds a higher education degree, which is above the OECD average. This talented pool of workers is well-equipped to meet the needs of global businesses and help them thrive.
Competitive tax system
Belgium boasts a distinctive and competitive tax system, offering various deductions for companies, such as notional interest and patent income deductions. Additionally, expatriate employees enjoy favorable tax benefits. These incentives can significantly reduce a company’s effective corporate tax rate, making Belgium an attractive option compared to other countries.
The advanced tax ruling system enhances legal certainty, providing investors with predictability and confidence in the country’s tax landscape.
Easy business setup
Starting a business in Belgium is notably simple and efficient, requiring only four days and three procedures, making it one of the quickest places in Europe to establish a company.
The Federal-Regional Liaison Unit for Foreign Investment facilitates seamless collaboration between all parties involved in supporting investment projects. Additionally, each of Belgium’s three regions has its own dedicated agency to assist investors with practical matters, ensuring smooth operations from the start.
Affordable real estate
Belgium stands out with its highly competitive real estate prices compared to other European countries. Brussels, the capital, offers significantly lower office space costs than major cities like Paris, London, or Frankfurt. According to Cushman & Wakefield’s Global Occupancy Cost Survey 2013, no other city in Western Europe provides such affordable business real estate as Brussels.
Exceptional quality of life
Belgium is consistently rated among the top European countries for quality of life by the International Living Index. Its major strengths include spacious housing, a cutting-edge healthcare system, robust social services, plentiful green spaces, and excellent educational opportunities, including international schools.
The country’s rich cultural heritage, world-class festivals, and stunning landscapes — from the rolling hills of the Ardennes to the sandy beaches of the North Sea — offer countless ways to enjoy life.
It is also a haven for food lovers, boasting more Michelin-starred restaurants per square kilometer than anywhere else in Europe. Whether dining in a cozy café or a fine restaurant, the Belgian dining experience is exceptional. Coupled with the warm and friendly nature of the Belgian people, it’s easy to feel at home in Belgium, whether visiting or settling here.
