Charters have been used in Europe since medieval times to create cities (that is, localities with recognised legal rights and privileges). The date that such a charter is granted is considered to be when a city is 'founded', regardless of when the locality originally began to be settled (which is often impossible to determine).
At one time, a royal charter was the sole means by which an incorporated body could be formed, but other means (such as the registration process for limited companies) are generally used nowadays instead.
Among the past and present groups formed by royal charter are the Company of Merchants of the Staple of England (13th Century), the British East India Company (1600), the Hudson's Bay Company, Standard Chartered, the Peninsular and Oriental Steam Navigation Company (P&O), the British South Africa Company, and some of the former British colonies on the North American mainland, City livery companies, the Bank of England and the British Broadcasting Corporation (BBC).
The royal decree is the equivalent in Belgium of a Royal Charter. In the period before 1958, 32 higher education institutes had been created by royal charter. These were typically engineering or technical institutions rather than universities.
However, several non-technical higher education institutions have been founded, or refounded, under royal decree: