The #1 alternative
Commenda vs Vistra vs Euro Company Formations
Belgium requires an active local director, and nominees are prohibited. All three set up the company. The cost comes after.
Comparison at a glance
Vistra and Euro Company Formations cover Belgium setup and servicing. Commenda runs four suites across 70+ countries, so one platform takes you from your Belgium entity to a full multi-country group.
Commenda
Global entity management with complete compliance. Sets up your Belgium SRL/BV (notarial deed, BCE/KBO, Belgian VAT, UBO, financial plan, registered office) and runs it alongside entities in 70+ countries, with consolidation and transfer pricing.
Vistra
Global corporate service provider. Belgium office provides incorporation coordination, corporate secretarial, Belgian resident director services, and domiciliation in Antwerp or Brussels. Quote-based. Good when you need a corporate resident director and secretarial.
Euro Company Formations
European formation agent covering 25+ countries. Belgium SRL/BV incorporation with registered address and bank introduction. Agent fee roughly EUR 500-2,000. Good for a lower-cost Belgium incorporation when you have a local operator.
Feature comparison
Why we do it better
 | Vistra | Euro Company Formations | |
|---|---|---|---|
| Starting price (incorporation) | $3,700 | Quote-based | ~EUR 500-2,000 |
| Notarial deed + BCE/KBO filing | |||
| Belgian VAT (BTW/TVA) registration | |||
| UBO register declaration | |||
| Certified financial plan | Model-specific | ||
| Registered office (genuine premises) | |||
| Active resident director (not nominee) | Guidance + setup | Resident director | Model-specific |
| Belgian bank account (in-person) | |||
| EU-wide VAT & OSS registration | Model-specific | Model-specific | |
| Ongoing accounting & Corporate Tax | Model-specific | ||
| Transfer pricing (cross-border + CbCR) | Model-specific | ||
| Multi-entity consolidation / audit trail | |||
| Manage entities in other countries | |||
| 100+ ERP integration support | |||
| Jurisdiction reach | Global, 70+ | Multi-country | Europe, 25+ |
Built for different buyers
Pricing compared
Advertised rates as of June 2026. Competitor pricing changes often.
Commenda
$3,700one-time, Bronze package
- Drafting, BCE/KBO filing & publication, Belgian VAT, UBO declaration, certified financial plan, compliance binder
- Modular: EU VAT & OSS $630, worldwide VAT $1,260, Regus office $385-480/mo, accounting from $500/mo
- Higher tiers Silver $7,420, Gold $11,120, Platinum $14,850; customers typically retire 3 to 5 vendors
Vistra
Quoteno public Belgium price
- Incorporation coordination, corporate secretarial, Belgian resident director, domiciliation in Antwerp or Brussels
- Accounting, financial statement filing, and corporate income tax support available per quote
Euro Company Formations
EUR 500-2,000agent fee
- Total straightforward Belgium setup roughly EUR 2,000-5,000 incl. notary, publication (~EUR 250), registered address
- Formation and registered address with bank introduction; ongoing accounting not the core offering
How each model works
What's the difference?
How Vistra and Euro Company Formations stack up against Commenda for entity management in Belgium.
Commenda: Belgium managed as part of your global group
- Sets up the SRL/BV (notarial deed, BCE/KBO, Belgian VAT, UBO, certified financial plan, registered office, bank coordination)
- Guides the active resident director with a real operator, no nominee shortcuts
- Then runs accounting, Corporate Tax, VAT/OSS, and transfer pricing, consolidated across 70+ countries
Vistra: Belgium entity plus resident director and secretarial
- Incorporation coordination and ongoing corporate secretarial in Belgium
- Belgian resident director services and domiciliation
- Quote-based; cross-border consolidation and transfer pricing are not the platform
Euro Company Formations: Belgium incorporation at lower cost
- SRL/BV formation, registered address, bank introduction
- Lower cost for a single Belgium company
- No ongoing accounting, consolidation, or transfer pricing across a wider group
Making a decision
Which one should you choose?
The right fit depends on your footprint and stage in Belgium.
Choose Commenda if…
- You operate in Belgium and at least one other country
- You want Belgium managed alongside the rest of your group, with consolidation
- You want the notarial deed, Belgian VAT, UBO, accounting, and transfer pricing in one place
- You want the resident director done right, with a real operator, not a prohibited nominee
Choose Vistra if…
- Belgium is your focus and you need a Belgian resident director service plus secretarial
- You are comfortable with quote-based, per-service-line pricing
Choose Euro Company Formations if…
- Belgium is your only entity and you already have a genuine local operator
- You want a lower-cost incorporation with registered address and bank introduction
Common questions
A foreigner can own a Belgium SRL/BV with no residency requirement for shareholders. But Belgium requires at least one active local director who genuinely manages the company, is compensated, and holds real authority. Nominee and passive directors are strictly prohibited. Commenda sets up the entity and helps you put a compliant active director in place with a real operator.
No. Belgium prohibits nominee and passive directors, and attempts to use them have led to VAT number suspensions and penalties. Commenda will not set up arrangements that put your VAT number and the whole entity at risk. The director must genuinely participate in management.
For a Belgium-only company with a local operator, Euro Company Formations is a fair, lower-cost incorporation. Vistra fits if you need a Belgian resident director service and secretarial. Commenda is the better fit for a cross-border group: it manages Belgium alongside entities in other countries, with transfer pricing and consolidation in one platform.
$3,700 for the Bronze formation package: drafting, BCE/KBO filing and publication, Belgian VAT registration, UBO declaration, certified financial plan, and a compliance binder. Higher tiers (Silver $7,420, Gold $11,120, Platinum $14,850) bundle banking, payroll, and EU-wide VAT.
Yes to both. The registered office must be genuine premises, not a mailbox, or it fails notary and bank checks. Commenda provides a compliant Regus registered office from $385/month. The Belgian bank account must be opened in person; Commenda coordinates the appointment and documentation.
About two to four weeks to VAT-active: KYC screening, the notarial deed, BCE/KBO number issuance, and VAT activation, with bank account opening running in parallel.
100 questions, from real customer calls.
The questions finance teams actually ask about entity management: EINs for non-residents, Delaware vs Wyoming, cleaning up the entities a previous provider left behind, and more. If you're looking for something, you'll find it here.
