NID and NIDCo’s: the Belgian corporate tax deduction for risk capital – Belgium’s position as a top European location for foreign investors not jeopardised
11/06/2008. On 26 February 2008 the Belgian Prime Minister Guy Verhofstadt and Belgian Minister of Finance Didier Reynders confirmed that the Notional Interest Deduction (NID), a major stimulus to recent foreign investment in Belgium, would not be withdrawn as some had feared. Their statements finally lifted the political controversy of the last few months as to whether to maintain, amend or even cancel this unique tax investment stimulus which was drawing significant capital funds into the country, and thereby put an end to the legal insecurity resulting therefrom, write Eric Deltour, Richard J Temko, and Jean-Yves Steyt of Dechert.

The private equity industry in Europe and Belgium during 2002 and outlook 2003
05/09/2003. Belgium's private equity market remained underdeveloped compared to the European market as a whole in 2002, according to the Belgian Venturing Association.

Belgium's new private equity investment vehicle
23/04/2003. In 2001, a working group was set up by the Belgian government to analyse the ways in which small and medium-sized companies could access venture capital. The result is the introduction of a bill in April 2003 that provides the country with a private equity investment vehicle. Belgian law firm Tiberghien discusses the new bill and its intended effect on the country's private equity industry.

The tax structuring of a management buy-out
04/03/2003. The structuring of a management buy-out is highly tax-driven and focuses on two aspects – finance costs should be tax-deductible as far as possible and the structure should provide for a tax efficient exit strategy. Marco de Lignie and Frédéric Feyten of Loyens & Loeff discuss the tax structure of a management buy-out in the Benelux region.

Taxation in the Benelux countries
10/05/2002. Fund managers in France and Germany are looking desperately for an escape from full progressive taxation on distributions on their carried interest. In the neighbouring Benelux countries, the skies are far from clear, although careful tax structuring may lead to a more than acceptable after-tax return. Marco de Lignie and Frederic Feyten of Loyens & Loeff look at the options available.

Private equity overview - Belgium
24/07/2001. The private equity market in Belgium has shown exceptional growth in the past few years. Funds raised in 1999 almost doubled from 1998's figures, with much of the capital coming from Belgian sources. Here the EVCA analyses the growing interest in Belgian private equity.