Belgium does not discriminate against foreign investors, who can enjoy the same conditions as local investors. The government of the Flanders region has put in place a national security investment screening mechanism based on the concept of "threat to the strategic interests of the Flemish Community or the Flemish Region", defined as any situation when the continuity of vital processes is compromised, certain strategic or sensitive knowledge threatens to fall into foreign hands or the strategic independence of the Flemish Community or the Flemish Region is compromised.
Acquisition of Holdings
Currently, no limits on foreign ownership or control are in vigour in Belgium, and there are no legal distinctions between Belgian and foreign companies.
Obligation to Declare
Direct foreign investments are not submitted to a preliminary authorisation, but in some activity sectors - including banking, food production or sale, insurances and retail trade - the investor has to ask for an authorisation from the Government.
A specific authorization must be requested in the Flanders region in case of activities that may represent a "threat to the strategic interests of the Flemish Community or the Flemish Region".
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