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WALLIS KENNEDY Belgium an opportunity for investment or not ?
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Table of contents Currency Geographic situation Natural resources Education Tax Employment laws Participation in international agreements
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Currency Euro o Used in the Eurozone o Easy to buy and sell to neighboring countries (no transaction costs) o 5, 10, 20, 50, 100, 200, 500 notes variety 1€ = 1,27082$ 1€ = 0,788017£ 1€ = 77.9489 INR
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Geographic situation Center of the European Union o Bordered by France, the Grand Duchy of Luxemburg, Germany, the Netherlands and the United Kingdom is across the north sea
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Natural resources Fish Wood Sugar Vegetables Fruits Grain Tobacco Beef Veal Pork
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Education Compulsory from ages 6 to 18 Ranked 19 th best in the world Most people multilingual (french, dutch, german, english) Good at problem solving Flexible Innovated
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Tax Any profit-making organization is obliged to pay tax Annual incomeRate <8 350 €25% 8 350,01 € - 11 890 €30% 11 890,01 € - 19 810 €40% 19 810 € - 36 300 €45% >36 300,01 €50%
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Employment laws There must be a contract and if any changes are made then both parties have to agree Not more than 8 hours a day or 38 a week Night work is forbidden between 8 PM and 6 AM (exceptions possible) Minimum wage is 1 309 € a month
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Participation in international agreements European Union United Nations
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Sources http://www.currencysolutions.co.uk/news/the-euro- advantages-and-disadvantages-of-a-single- currency.html http://www.currencysolutions.co.uk/news/the-euro- advantages-and-disadvantages-of-a-single- currency.html http://europa.eu/youreurope/citizens/work/taxes/i ncome-taxes-abroad/belgium/index_en.htm http://europa.eu/youreurope/citizens/work/taxes/i ncome-taxes-abroad/belgium/index_en.htm http://www.belgium.be/en/work/employment_legis lation/ http://www.belgium.be/en/work/employment_legis lation/ http://en.wikipedia.org/wiki/Belgium#Education http://business.belgium.be/en/investing_in_belgiu m/reasons_to_invest/quality_of_the_workforce/ http://business.belgium.be/en/investing_in_belgiu m/reasons_to_invest/quality_of_the_workforce/
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Sources http://media.stylus.com/global/processedimages/2 013/july/ed_0613_threads/wood_--__w_760_.jpg http://media.stylus.com/global/processedimages/2 013/july/ed_0613_threads/wood_--__w_760_.jpg http://www.gembloux.ulg.ac.be/pt/appo/Menu/ma p1_europanim.gif http://www.gembloux.ulg.ac.be/pt/appo/Menu/ma p1_europanim.gif http://terawallpaper.com/wp- content/uploads/2014/02/Fish-To-Eat.jpg http://terawallpaper.com/wp- content/uploads/2014/02/Fish-To-Eat.jpg http://realfoodforlife.com/wp- content/uploads/2013/04/Depositphotos_6500963 _XL.jpg http://realfoodforlife.com/wp- content/uploads/2013/04/Depositphotos_6500963 _XL.jpg http://koreanathome.files.wordpress.com/2010/12/ dsc_0041.jpg http://koreanathome.files.wordpress.com/2010/12/ dsc_0041.jpg
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Sources http://users.skynet.be/jdelcourt/Images/europe.png http://www.finance-hebdo.fr/wp- content/uploads/2013/07/Euro.jpg http://www.finance-hebdo.fr/wp- content/uploads/2013/07/Euro.jpg
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