Wallonia is the French-speaking region of southern Belgium which offers an attractive environment for foreign investors in the digital sector.
Here are some of the key assets of Wallonia:
A skilled workforce
Wallonia has more than 50,000 students in the field of ICT, which guarantees a qualified and competitive workforce for companies. In addition, 32% of the Walloon population speaks at least two languages, which facilitates international trade.
The Walloon government offers a wide range of tax incentives to encourage companies to invest in the region, including tax credits for research and development of up to 45% of eligible expenditure, as well as tax breaks for capital investments.
A strategic location
Wallonia is located in the heart of Europe, close to major cities such as Paris, London and Amsterdam, offering easy access to a market of 500 million consumers. In addition, companies benefit from a more affordable cost of living than in London or Paris.
A dynamic ecosystem
Wallonia has a dynamic ecosystem of innovative companies and start-ups in the ICT sector. In 2020, 84% of Walloon companies declared having invested in digital technologies, thus demonstrating their commitment to innovation and digital transformation.
A quality infrastructure
Wallonia has a quality communication infrastructure, with extensive broadband coverage and modern telecommunications networks. In 2020, 91% of Walloon households have access to high-speed internet, thus offering optimal connectivity to companies in the digital sector.
In conclusion, Wallonia offers a favorable environment for foreign investment in the digital sector, with a skilled workforce, tax incentives, a strategic location, a dynamic ecosystem and quality infrastructure.