A law firm from America has approach a consultancy company to acquire an office in Brussels. This project attempts to identify similarities and differences between two countries in terms of ownership.
1. Different legal terms in the occupation of commercial property are evaluated.
2. Difference in the cost of property and types of ownership is determined as well.
Planning is considered to be as the most important activities which are required to be conducted before executing any specific task. Plans provides the direction in which various tasks are to be executed in order to achieve desired outcome. In context of selecting the location for establishing office is important as this factor has significant effect on the growth of business. It is required by a business owner to consider several factors when selecting the location for establishing a company such as rent, lease, business needs , availability of resources which is very crucial in terms of smooth running of a business.
The purpose of the project is to identify the best location for establishing office for American law firm.
Before selecting the location for establishing an organisation , it is required by business owner to consider several factors such as premises must have planning permission that allows them to be used for particular type of business. In context of, American law firm it has been suggested to a company that it should establish branch office. It is also essential for an entrepreneur comply with building, fire, and health and safety regulations. As this will help in eliminating legal obligations. Business owner should also ned to develop the understanding about the legal obligations and restrictions which might have adverse effect on business performance.
The American law firm. Can establish flexible offices in City centre of Brussels. It is true that the office rents are high their but still organisation can be established. As this is at the centre of location , a company will have ease in providing services to wide number of customers. Avenue Louise / Louizalaan 65, Stephanie Square, 1° & 4° floor, 1050 Brussels where the space is available which can be used for commercial purpose. This location has been suggested for opening an office as it is located in a handsome building on the prestigious Avenue Louise in the centre of Brussels. The area is home to many upmarket offices. As it is located at the location which is centre. It will provide customer an ease in availing the services offered by an organisation. The another area in Brussels is Blue Tower skyscraper. Given its position as the location of the European Union command centre. At both the location , American law firm can establish temporary offices. Modern furniture and high-speed internet are included in the rent .Company also require to pay simple price for everything related to their workplace. There is also a permission for adding more furniture or desk which is required at the when recruiting more employees. American law firm can establish a project office and cancel plan by giving one month prior notice to landlord (Goldstein and Hudak, 2017)At Blue Tower skyscraper and Avenue Louise is location has been suggested, as it has variety of offices which can be taken on rent such as windows , interior office, co- working etc. Window office it includes a space with a view, available in all centres. Inferior office it is a regular Regus office, minus the view. This type of office can be taken on rent by American law firm as it s the lowest cost office space. Office rent in Brussels are ranges from 300 euro to 500 Euros. In Brussels , negotiating is rare Expect an annual rent increase or occasionally decrease tied to the cost of living index. This will be applied retrospectively for the preceding three months. Base rent might be increased either during the time of renewal or after every three years. In Brussels, In Belgium all accommodation is rented out on the basis of a signed lease (Singh, 2017) Verbal lease contracts are not considered as legal. It is the duty of owner to get Rental agreement registered. As per the laws or regulation in Brussels, lease be registered by the owner of the property or office space. Belgium has the European Union's market from where the debts can be obtained. In Brussels there are various financial agencies or financial who provides funds. There is also debt management facility available at location (Galligan, 2017) Also go through the sample report of Morrisons
At both the location all the resources required for operating business in systematic manner are available. By expanding the business in Brussels American law firm can get several advantages such as tax benefits. It is required by American law firm to make Investment on opening offices in Brussels. As it is an initiative of the Brussels regional authorities which provides free of charge tailor-made assistance to foreign investors during the setting up of a business in the Brussels Capital Region. Brussels is also recognised as high tax country, Belgium actually offers several very attractive tax incentives, which also includes deductions for the cost of capital, on patent income, other research-related costs, and on capital gains. American law firm can get benefit from substantial tax advantages (Frigo, 2017)
The other major reason for suggesting this location is these locations are considered to be as gateway to market. It is required by business owner to gain the practical information such as
Salary costs : it includes details on the way employees are typically remunerated as well as on the several schemes for exempting employers from having to pay them.
Employment contracts: the various forms of legally recognised employment contracts in Belgium, and the implications for both employer and employee of terminating a contract.
Work permit: the process which are required to be completed by non-EU nationals in order to apply for a work permit.
Labour legislation and social security :It is required by an entrepreneur to develop understanding about the laws related to health and safety of employees at workplace (Acquah, 2017)
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