You can see the rules and regulations in other jurisdictions.
Belgium has adopted the European passporting protocol. This makes it possible for companies to provide regulated services in other member states of the European Economic Area, as long as they hold a valid authorisation from their home Member State. This process also works both ways, with authorised entities from Belgium capable of marketing financial services in other Member States following notification to the host country.Licensing conditions for financial services which are directly or cross-border provided in Belgium should be evaluated on a case-by-case basis. According to the Belgian regulators, financial services are being offered 'in Belgium' if: (1) the financial services are delivered or carried on in Belgium; or (2) the financial institution actively solicits orders from customers in Belgium by means of remote sales and marketing techniques or advertising.1
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