New Belgian Code for Companies and Associations: what are the key changes for (international) non-profit associations?
04/11/2019
Under the regime provided for by the Belgian law of 27 June 1921 (the Law of 1921), INPAs are prohibited from carrying out industrial or commercial operations unless the latter remain ancillary to their non-profit activities. Under the BCCA, INPAs are entitled to carry out any type of activities – whether profit-making or not – to achieve their disinterested purpose.
