Company formation in Belgium is a viable option for businesspeople who are looking for business expansion opportunities, as foreign countries face comparatively fewer restrictions than in other nations. The export sector in Belgium makes for two-thirds of its Gross National Product. Although comparatively small, it is known for its strong economy and ranks among the top 20 countries with the best economies in the world. The standard of life and enhanced business development environment are the main factors that make it one of the most competitive economies in Europe. Additionally, it is situated in the center of Europe and is one of the most sophisticated European countries.