Fiscal, Legal and Social Assistance

In Wallonia, businesses have the reputation of offering a high return on investment. A complete system of financial incentives is offered to make it easier to create a business in Wallonia. These incentives:

• Contribute up to 20% to the cost of setting up a business
• Lower tax and social cost
• Promote hiring and staff training
• Make it easier to pay for consulting
• Help with export plans
• Promote the use of renewable energy and environment initiative
  
  

In early 2006, the Wallonia government defined economic redevelopment areas which now receive special tax incentives for existing economic activities in those communities and any future activities such measures may attract. Current investment grants may be increased by 25% or even 40% for these areas.

Recent steps taken by the Wallonia Government reduce any anti-economic taxation to a minimum, making Wallonia the least taxed region in Europe and Belgium through the:

• Suppression of tax on energy
• Exemption of real estate tax for a maximum of five years during the creation of a company
• Exemption of real estate tax for seven years on material and equipment for SMBs