Summary: International Trade

Read the summary and the most important questions on 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