The new Code of Companies and Associations (CCA) will enter into force on 1 May 2019. A transition period applies to all companies that acquired legal personality prior to that date, which will only be subject to the CCA as from 1 January 2020. Legal personality is acquired by filing an instrument of incorporation with the clerk's office of the business court (tribunal d'entreprise/ondernemingsrechtbank).
As from 1 May 2019, it will only be possible to incorporate companies with a corporate form recognised by the CCA. Only the following corporate forms will be recognised: the general partnership (société en nom collectif/vennootschap onder firma or SNC/VOF), the limited partnership (société en commandite/commanditaire vennootschap or SComm/CommV), the private limited-liability company (société à responsabilité limitée/besloten vennootschap or SRL/BV), the cooperative company (société coopérative/coöperatieve vennootschap or SC/CV), the public limited company (société anonyme/naamloze vennootschap or SA/NV) and European legal entities governed by EU regulations, namely the European Company (SE), the European Cooperative Company (SCE) and the European Economic Interest Grouping (EEIG). The only corporate form without legal personality that will be recognised is the société simple or maatschap, which can have silent partners (société simple interne/stille maatschap). It will no longer be possible to establish and register other corporate forms.
The complete article can be found on our new Company Code portal.
(only accessible to users who already registered to the portal - sign up here to gain access to the portal.)