The Belgian innovation system is among the best in the world

Il y a 5 years

Business Facilities international report : Germany & Belgium

Despite its diversity, the three main regions of Belgium, the Flemish, Walloon and Brussels-Capital Region have one thing in common: They share great opportunities for innovation and research and development activities for U.S. companies.

In fact, the Belgian innovation system is among the best in the world. The latest figures from OECD show that Belgium has the fourth largest global technological advantage in biotechnology, just to give an example.

There are a variety of tax incentives for research and development activities, such as investment deduction for research and development related investments and patents. A 15.5 percent tax deduction of the investment value of assets which aim to promote research and development of new products and advanced technologies that are environment friendly or of patents is only one example of many. 80 percent tax exemption of patent income for patents and supplementary protection certificates are yet another example. Tax incentives are attractive on the research side as well as on the labor cost side—there is, e.g. a reduction of employment costs for expatriates.

Click here to read more about the  R&D sector in Belgium

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