The future is close. Brussels is yours.

Recruiting

The right staff can make – or break – a company, which is why you should establish your financial business in Brussels. Our talented, multilingual and highly educated people are ready and waiting to take your company to the next level, all supported by business-friendly regional policies.

How can pragmatic Brussels help you employ your dream team?

Finding the right staff

Brussels’ talent pool is overflowing with multilingual, skilled, highly educated and experienced staff, ready for new opportunities. In fact, the workforce here is one of the most productive in the EU (IMD World Competitiveness Yearbook). Combine this with their pragmatic, flexible and collaborative working attitude, and your new team will be up and running quickly.

What makes the Brussels talent pool ideal for the finance industry?

The capital’s 20 universities and other academic institutes have a proven track record in training staff in all aspects of the finance industry. Furthermore, your future employees already know the finance industry inside out thanks to the 92 banks already established in Brussels, including commercial and community banks, international banks, universal banks and niche banks. So, whatever you’re looking for in your new staff, you’ll find it in Brussels.

The legal side of things

There is a broad selection of staff contracts available. Flexible, temporary, freelance, fixed term or permanent. Which suits your needs?

When it comes to costs, you’ll find that, compared to neighbouring countries, staff costs in Brussels tend to be lower and effective taxation rates are comparable (KPMG). The capital also offers financial incentives for the first six employees in a new company, a range of grants to companies generating further employment, and favourable tax conditions for expatriate managers, scientific researchers and specialised staff. This includes tax benefits, flexible rewarding, stock options and R&D incentives. These factors have led to the 2018 KOF Index naming Belgium the most globalised nation in the world for openness as assessed by the economic and political factors.

Find out how you can create your perfect team. Contact us.

FAQ Frequently asked questions

EU Citizens:

All European Union citizens and citizens of the European Economic Area can live and work in Belgium without formalities and a work permit. EEA includes Norway, Iceland, Liechtenstein and Switzerland.

Non-EU citizens:

Non-EU citizens wishing to be employed in Belgium need to apply for a work permit and be legally resident in Belgium to work here (See the Invest in Brussels Guidelines for details).

Non-EU citizens wishing to be self-employed in Belgium need a professional card to practice their profession.

Work permit types

Belgium issues three types of work permits: AC Permit - valid for one year for multiple employers (typically for migrant agricultural or domestic workers); G Permit - not renewable; A/B Permit - valid for one employer for one year; renewable, typically by the same employer for the same position.

Administrative and professional staff are paid monthly. Most employees receive a 13th month additional salary payment every year and double holiday pay, equivalent to 89% of the monthly salary. Salaries are inflation-adjusted.

Employees can also be remunerated in ‘in-kind benefits’, this reduces social security contributions tied to salary levels. In-kind benefits include company car, mobile phone, computer, group insurance, pension fund, stock options.

If you are starting a company in Brussels, one of the many payroll agencies can advise on employment contracts and help set up the payroll scheme.

Social security

Payment of social security contributions is compulsory. Professional staff and workers pay 13.07% of their gross salary to the national social security fund; employers pay 25% of the employee’s gross salary.

Belgian social security provides for unemployment benefits, pensions, sickness and disability benefits, family and child allowances, workers' compensation for accidents and healthcare.

To estimate employment costs for a company you are creating, see belgiumtaxcalculator

Health care in Belgium is recognized as offering among the highest cost/quality in Europe. It was ranked by a patient survey as fourth in Europe on total score, with the best ranking on availability – with waiting times that are very rare.

All registered residents in Belgium are covered by the national health care system, funded by social security contributions. National health insurance reimburses a large percentage of most types of health care costs, including doctors’ visits, medical interventions, therapies and medication. Residents in Belgium a have a choice of health care providers who present clear reimbursable policies; and offer additional services to cover 100% of health care cost.

The future is close. Brussels is yours.

What does this mean for you?

The future is close. Brussels is yours.