Belgian foundations on the rise. New rules make the legal form more attractive. With the new Companies and Associations Code, Belgians are much less inclined to resort to the Dutch foundation to transfer or anchor their family business. In 2020, over 50% more Belgian private foundations were established in Belgium than the previous year. The number used as an administration office increased almost threefold. In this article, we examine what is driving this sudden increase.
CCA establishes new rules for payments and annual accounts Since 1 January 2020, the new Belgian Code of Companies and Associations (CCA) also applies to existing legal entities. This law establishes several new mandatory provisions and overhauls others. There are new rules relating to payments, for example. Furthermore, a new annual accounts model is now in effect. We will use several frequently asked questions to explore the most relevant aspects of these new rules in greater detail. [...]