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Belgium is an attractive destination for foreign investors, mainly because it is located in the center of Europe and allows full ownership by foreign investors. Belgium provides a good business environment and good connections to surrounding markets. Other highlights of Belgium include high standards of living and a welcoming, multicultural, and open business environment.
As a member of the European Union, Belgium serves a market of over 500 million EU consumers. Thanks to Belgium's geographical location, trade across Belgian borders is extremely fast, with export compliance requirements being met in just one hour. This is one reason why Belgium ranks first in the world in the cross-border trade category among 190 economies in the World Bank's Doing Business Report.
Belgium is committed to strengthening and expanding free trade agreements to facilitate entry into international markets and further promote economic growth. Belgium is the 12th largest exporting country and the 14th largest importing country globally. The service sector contributes to nearly 75% of the GDP and employs 73% of the workforce. Additionally, the region is a hotbed for developing biotechnology industries, mainly focusing on research, start-ups, and medical trials. Belgium's market comprises the French-speaking Walloon region, the Dutch-speaking Flemish region, and a small German-speaking area. This diversity makes Belgium an ideal place for companies to test products before expanding sales across Europe.
Brussels is often referred to as the "capital of Europe" and serves as the center for European and global governance. Notable institutions such as NATO and the European Union have their headquarters here. Aside from politics and administration, Brussels is also an active international business center and is the second most preferred destination for international association meetings, after Singapore.
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