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Summary International Trade

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A snapshot of the summary - international Trade

  • 1 belgian commercial Law

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  • What is legislation in commercial law?
    National and international law 
    bilateral and multilateral treaties 
    law of the EU: directives and regulations
  • What is jurisprudence in international law?
    Body of decisions by tribunal and court 
    binding between two parties 
    influential towards third parties
  • What is doctrine in commercial law?
    Articles written by lawyers 
    these are not binding but can have influence on jurisprudence.
  • What is customary law in commercial law?
    Historical roots 
    but very limited nowadays
  • 1.1 general requirements

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  • What are the 6 general requirements for starting a company in Belgium?
    1. Enterprise database
    2. bank account number 
    3. VAT- number 
    4. social security number 
    5. acces to independent profession 
    6. bookkeeping 
  • What is an enterprise database?
    This is used by companies to manage their huge amounts of data, it should help improve productivity and automise processes.
  • what is the difference in bookkeeping for small and big companies?
    For small companies it is a very limited entry, for big companies you have double entries accounting.
  • Acces to independent proffesion
    Don't know
  • Which 3 VAT differences are there for companies
    Small: exempt
    medium: quarterly turnover declaration
    big: monthly turnover declaration
  • 1.2 setting up a company

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  • What is the definition of a company? (4points)
    • Cooperation between one or more persons 
    • who agree to contribute goods or services 
    • to do business 
    • with the objective to provide a pecuniary advantage to the associates/shareholders

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