Belgian plan to spur business growth

9th January 2004, Comments 0 comments

9 January 2004, BRUSSELS – Belgian Prime Minister Guy Verhofstadt has announced a series of measures aimed at stimulating business growth in Belgium, namely by doing away with a number of limitations on foreign companies.

9 January 2004

BRUSSELS – Belgian Prime Minister Guy Verhofstadt has announced a series of measures aimed at stimulating business growth in Belgium, namely by doing away with a number of limitations on foreign companies.

The current law on large companies’ branches overseas is too complicated and too bureaucratic, according to the Prime Minister.

To make it easier for multinationals to open offices in Belgium, Verhofstadt has proposed a system whereby foreign investors would be able to make beneficial fiscal agreements with tax authorities ahead of time.

This is already the case in neighbouring Holland, France and Germany.

The union of independent and self-employed workers, UNIZO, has dismissed the Prime Minister's plans as being solely in the interest of large international groups, and says they do not take small and medium-sized companied into account.

In other measures aimed at kick-starting corporate success, Verhofstadt has also proposed a relaxation on strict opening hours for stores on Sundays.
 
The proposed measures will be discussed by the Council of Ministers next week.

Subject: Belgian news

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