Capital collection by crowdfunding for projects up to 5 million euros has become a lot easier in Belgium since 21 July 2018. A change in law replaces the obligation to publish a prospectus by a must lighter obligation to publish a relatively short “information note” for offers over 500.000 euro. As a result, crowdfunding actions escape the heavy administrative burden of a prospectus, that is sibject to serious administrative formalities and a strict ..