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Comparison of laws relating to the registration of a business in three different countries:

Comparison of laws relating to the registration of a business in three different countries:. Britain. Belgium. The Netherlands. We will compare the regulations concerning :. How to create a name of a business?

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Comparison of laws relating to the registration of a business in three different countries:

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  1. Comparison of laws relating to the registration of a business in three different countries: Britain Belgium The Netherlands

  2. Wewill compare the regulationsconcerning: • How to create a name of a business? • What are the financialrequirementsfor creating a business name? • What are the legalrequirements? • In whichlanguagescan the business beregistered? • Whatis the time of registration of a business name?

  3. Registration of a business name in Belgium: Legal requirements: Name: First visible, public and continuous use of said name. • Registration procedure: not required • Prove: Crossroads Bank for Enterprises Financially: 1. BelgianLimited LiabilityCompany: minimum capitalof 18.550 EUR. 2. Belgian Joint Stock Company: minimum capital of 61.500 EUR. Legality: 1. At least 18 years old. 2. Legal resident in Belgium or nationalof the European Economic. LanguageRequirements: French, Dutch or German Time Of Realization: A company in Belgium can be created within 3 days • Where to do it? • Central Commercial Register

  4. Registration of a business name in the UK: Legalrequirements: Name: Choose a namethat has not yet been registered as a companyname, and does not have any abusive meaning. Financially: The minimum share capital for a Private Limited Companyis £1 Legality: The applicant has to be at least 18 years old and be a legal resident in the UK. Languagerequirements: English or Welsh Time of realization: The companyshouldbecreatedwithing a few workingdays • Where and how to do it? • Company’s House • Itsso simple thatyoucaneven do it online!

  5. Registration of a business name in the Netherlands: • Legal requirements: Name: You have to choose an a name that is unique in your business branch and region. When the name is chosen, you have to register your name at the Commercial Register. Financially:The absolute minimum is no share -> BV Legality: The minimum age is 18 years old, with parents’ permission, you can even start a business as a minor Language requirements: Dutch Where and how to do it? • Commercial register • Chambre of commerce

  6. Conclusion • In Belgiumitis not neededto register a name of a business. • In Belgium the capital requirements are drasticlyhigherthan in the twoother countries. • Creating a business nameis not difficult and doesn’ttakemuch time, youcanstartyourown right now!

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