{"id":15596,"date":"2019-07-05T13:43:47","date_gmt":"2019-07-05T11:43:47","guid":{"rendered":"https:\/\/fix-blog.local\/blog\/student-and-entrepreneurial-here-is-the-right-status-for-you\/"},"modified":"2025-02-19T16:25:23","modified_gmt":"2025-02-19T15:25:23","slug":"student-and-entrepreneurial-here-is-the-right-status-for-you","status":"publish","type":"post","link":"https:\/\/www.accountable.eu\/en-be\/blog\/student-and-entrepreneurial-here-is-the-right-status-for-you\/","title":{"rendered":"Are you an entrepreneurial student? Become a \u2018student-entrepreneur\u2019!"},"content":{"rendered":"\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\"><strong>Are you an enterprising student dreaming of starting your own business? Have you already started a successful side hustle and want to make it official? Do you want to combine entrepreneurship with your studies? Then the status of student-entrepreneur is definitely something for you.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading font-degular scroll-mt-32\" id=\"what\"><strong>What is the student-entrepreneur status?<\/strong><\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">The status of student-entrepreneur exists for students who want to start their own business. The fiscal and social benefits associated with this status make it easier for young entrepreneurs to combine their studies with self-employment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading font-degular scroll-mt-32\" id=\"advantages\"><strong>Advantages of the student-entrepreneur status<\/strong><\/h3>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\" id=\"social-contributions\"><strong>1. Reduced social contributions<\/strong><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">Unlike a &#8216;regular&#8217; self-employed person, as a student entrepreneur, you pay less in social contributions. This makes it financially feasible to start a business while still studying. <\/p>\n\n\n\n<ul class=\"wp-block-list list-disc list-outside ml-0 mb-4 space-y-2\">\n<li class=\"font-inter text-base text-black\">Is your net annual income* as a student entrepreneur<strong> less than \u20ac8,504.44<\/strong>? Then you can apply for an exemption, meaning <strong>you don\u2019t have to pay any social contributions at all<\/strong>.<br><\/li>\n\n\n\n<li class=\"font-inter text-base text-black\">Is your net annual income <strong>more than <strong>\u20ac8,504.44<\/strong><\/strong> <strong>and less than \u20ac17,008.88<\/strong>? Then you pay 20.5% in social contributions on the part that exceeds \u20ac8,504.44. De maximum contribution is <strong>\u20ac435.85<\/strong> per quarter.<br><\/li>\n\n\n\n<li class=\"font-inter text-base text-black\">If you exceed the threshold of <strong>\u20ac17,008.88<\/strong>, you pay <strong>the same social contributions as a self-employed person in a main occupation<\/strong>, which corresponds to about 20.5% of your net income. The minimum contribution is <strong>\u20ac96.44<\/strong> per quarter.<\/li>\n<\/ul>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\"><em>*Your net annual income is your earnings for a full year, minus all professional expenses such as business expenses and social contributions.<\/em><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\" id=\"child-benefit\"><br><strong>2. Continued child benefit payments<\/strong><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">As a student entrepreneur, you retain the right to child benefits or &#8220;Het Groeipakket&#8221; as long as you do <strong>not exceed the thresholds<\/strong> below:<\/p>\n\n\n\n<ul class=\"wp-block-list list-disc list-outside ml-0 mb-4 space-y-2\">\n<li class=\"font-inter text-base text-black\">Do you live in Flanders? You retain the right to child benefits or the Growth Package as long as your net annual income as a self-employed student is less than <strong>\u20ac17,008.88<\/strong>.<\/li>\n\n\n\n<li class=\"font-inter text-base text-black\">Do you live in Brussels? Then your net annual income must not exceed<strong> \u20ac8,504.44<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\" id=\"taxes\"><strong>3. Tax-free up to \u20ac10,570<\/strong><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\"><strong>As a student entrepreneur, you pay no taxes if you stay below the tax-free sum of \u20ac10,910.<\/strong> <\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">\u26a0\ufe0f Note that this sum (like your social contributions) refers to your net annual income, i.e. your gross income minus all your professional expenses. It\u2019s therefore important to declare all your business expenses to keep your net taxable income low and consequently pay little to no taxes on the income from your (student) entrepreneurial activity.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">What if you earn more than \u20ac10,910? Then you\u2019re taxed according to <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/www.accountable.eu\/en-be\/blog\/progressive-tax-brackets\/\">Belgium\u2019s progressive personal income tax rates<\/a>. The tax impact increases the more you earn.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\" id=\"expenses\"><strong>4. Deductible business expenses<\/strong><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">What\u2019s the best way to keep your net annual income low and avoid high social contributions and taxes? Make sure to declare your business expenses.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">Buying a new computer or smartphone for your self-employed activity? Or a new office chair, reading lamp, or software subscription? All purchases that have a clear link to your professional activity are tax-deductible. Some purchases are 100% tax-deductible, while others (e.g. mixed professional\/private expenses) are partially deductible. You can read more about deductible business expenses <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/www.accountable.eu\/en-be\/blog\/tag\/expenses\/\">here<\/a>.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">\ud83d\udca1<strong>Accountable tip:<\/strong> Don&#8217;t want to miss opportunities to lower your taxable income and pay less in tax as a result? Then definitely check out <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/www.deductibles.be\/\">Deductibles.be<\/a> and discover more than 115 recommended business expenses for self-employed people in Belgium.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\"><strong>5. Skill building that\u2019s good for your CV<\/strong><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">As a student entrepreneur, you develop real-life business skills and gain lots of valuable knowledge. Running your own business can contribute to your personal development and shows that you can work independently. These are qualities that will look great on your CV or LinkedIn profile.<\/p>\n\n\n\n<h2 class=\"wp-block-heading font-degular scroll-mt-32\" id=\"conditions\"><strong>What are the conditions for obtaining student-entrepreneur status?<\/strong><\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">Not everyone is eligible for the advantageous student-entrepreneur status. There are several cumulative conditions you need to meet to benefit from this favourable regime:<\/p>\n\n\n\n<ul class=\"wp-block-list list-disc list-outside ml-0 mb-4 space-y-2\">\n<li class=\"font-inter text-base text-black\">You\u2019re between <strong>18 and 25 years<\/strong> old.<\/li>\n\n\n\n<li class=\"font-inter text-base text-black\">You actively attend a <strong>recognised educational institution<\/strong> with the aim of obtaining a qualification recognised in Belgium.<\/li>\n\n\n\n<li class=\"font-inter text-base text-black\">You are enrolled for at least <strong>27 credits or 17 hours of classes<\/strong> per week.<\/li>\n\n\n\n<li class=\"font-inter text-base text-black\">You carry out an<strong> independent professional activity<\/strong>, without being employed (i.e. having a student job).<\/li>\n<\/ul>\n\n\n\n<h3 id=\"other-requirements-for-student-entrepreneurs\" class=\"wp-block-heading font-degular scroll-mt-32\"><strong>Other requirements for student entrepreneurs<\/strong><\/h3>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">As a student entrepreneur, you enjoy a number of benefits, including reduced social contributions, but <strong>you still have to go through the same red tape as a &#8216;regular&#8217; self-employed person.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list list-disc list-outside ml-0 mb-4 space-y-2\">\n<li class=\"font-inter text-base text-black\">Official registration as self-employed<strong> with the Crossroads Bank for Enterprises<\/strong> (\u20ac109)<\/li>\n\n\n\n<li class=\"font-inter text-base text-black\">Apply for your <strong>VAT number<\/strong>, even if you\u2019re not subject to VAT (around \u20ac70)<\/li>\n\n\n\n<li class=\"font-inter text-base text-black\">You also need to join a <strong>social insurance <\/strong>fund and <strong>keep accurate accounting records<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\"><strong>\ud83d\udca1Sound complicated? It&#8217;s not that bad actually, and we\u2019re happy to help you on your way: <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/www.accountable.eu\/en-be\/blog\/welcome-in-belgium-and-start-your-life-as-self-employed-hassle-free\/\">Become self-employed in 5 steps!<\/a><\/strong><\/p>\n\n\n\n<h2 id=\"starting-as-a-student-entrepreneur-a-good-idea\" class=\"wp-block-heading font-degular scroll-mt-32\"><strong>Starting as a student entrepreneur: a good idea?<\/strong><\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">There are many advantages to the status of student-entrepreneur, especially if your business remains small and your income is relatively limited. As long as you keep an eye on the income thresholds, your personal income tax and social contributions are low, and your parents don\u2019t lose the right to child benefits.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\">There\u2019s quite a bit of administration involved in the status of student-entrepreneur. But at Accountable, we do everything we can to make your accounting and taxes child&#8217;s play.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black\"><em><a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/web.accountable.eu\/signup?_gl=1*e5gmfp*_gcl_aw*R0NMLjE3MzU2NTY1NjQuQ2owS0NRaUF5YzY3QmhEU0FSSXNBTTk1UXp2aXdtNWJ3QzVBTXlFZ1c1aGVuMVBucjRtdjYwRXRFVVUwWDhfT1RKMDFCbVF2UFFZYnVmVWFBaF9hRUFMd193Y0I.*_gcl_au*MTM4MzQwOTU0MS4xNzM5NDU1NDcx\">Download the app, try it for free and discover how we do it!<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you an enterprising student dreaming of starting your own business? Have you already started a successful side hustle and want to make it official? Do you want to combine entrepreneurship with your studies? Then the status of student-entrepreneur is definitely something for you. What is the student-entrepreneur status? The status of student-entrepreneur exists for [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":1011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[264,266],"tags":[247,260],"class_list":["post-15596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-become-self-employed","category-change-of-status","tag-become-self-employed","tag-student-entrepreneur"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are you an entrepreneurial student? Become a \u2018student-entrepreneur\u2019! - Accountable<\/title>\n<meta name=\"description\" content=\"Are you a student with an entrepreneurial drive? 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