Belgium, a fintech center in the heart of Europe

Joe Wallen on Forbes explains that Belgium is a vital market for technology companies. In 2017 the fifth highest number of fintech deals in Europe in 2017 actually took place in Belgium. It should be noted that the Benelux nation is ranked outside of the continent’s top ten economies according to nominal GDP.
Much of the success of Belgium’s fintech sector can be attributed to government policy that has directly facilitated start-up growth. The Digital Belgium policy of 2015 is one such example. An initiative aimed at boosting the digital and fintech sectors, it helped create a shelter for tech companies, with some firms reporting that they had reduced their tax bills from between 30-45%. Belgium is also the fastest nation in Europe to open a business, taking a mere four days.