Entrepreneurship in Luxembourg
Initium fiduciary in Luxembourg city, specialising in accounting, tax, corporate and legal advice and business start-ups
Our team of experts can help you every step of the way !
Setting up a company in Luxembourg
Luxembourg is recognised as one of Europe’s most dynamic financial and economic centres. Thanks to its favourable tax environment, modern infrastructure and strategic geographical position at the heart of Europe, the country offers a wealth of opportunities for entrepreneurs.
However, setting up a company in Luxembourg can be complex because of the administrative formalities and specific regulations. Navigating this legal landscape requires expertise and in-depth local knowledge.
Initium Corporate Services is here to help you turn your plans into reality. Our team of experts will be with you every step of the way, offering you a personalised service that simplifies the process of setting up your company. We take care of all the legal, tax and administrative formalities, so that you can concentrate on developing your business.
Why choose Initium Corporate Services ?
Local expertise : in-depth knowledge of Luxembourg’s legal and tax framework.
Tailor-made support : solutions tailored to your specific needs and the nature of your business.
Efficiency and time savings : Proactive management of formalities to get your business up and running quickly.
Confidentiality and professionalism : A total commitment to the success and protection of your project.
The steps and procedures involved in setting up a company in Luxembourg
Initium Corporate Services will support you throughout the incorporation process :
Before we can begin our work, it is essential that we comply with the legal requirement to ‘know our customer’.
This means that we need to know the details of your project, your previous career and the legal documents attesting to your identity. (for example, a passport or identity card).
This is always done in the strictest confidence, as we are bound by professional secrecy.
However, companies are not required to have their account with a bank established in Luxembourg. They may open their initial account in a foreign country provided that the certificate issued by the foreign bank confirming payment of the share capital is accepted by the notary for the purposes of incorporating the company.
We can assist you in the process of opening a bank account in Luxembourg or even abroad, as the case may be, for setting up a company in Luxembourg.
What’s more, banks also have their own customer due diligence process, which must be respected. That’s why our team will help you prepare the file containing all the useful information you need to move forward as quickly as possible.
The share capital must be transferred to the company’s bank account before the incorporation deed is signed with the notary.
The minimum share capital for a public limited company is EUR 30,000. The minimum share capital for a limited liability company is EUR 12,000. (see more on our page on company forms)
In preparation of the meeting with the notary, the bank will issue a certificate confirming that the company holds in its account the amount corresponding at least to the share capital.
The share capital provided for in the articles of association may be denominated in a foreign currency, and payment may also be made in a foreign currency.
For a limited company, the deed of incorporation must be signed before a notary in Luxembourg. To this end, a number of documents must be sent to the notary, together with the draft articles of association and certain information relating to the prior review of the shareholder base. We draw up and collate all these documents in good time, and prepare the file for subsequent transfer to the notary. We draw up and collate all these documents in good time, and prepare the file for subsequent transfer to the notary.
Shareholders don’t need to move around to Luxembourg and can be represented by proxy.
The notary will do this automatically once the deed has been signed. The company will then receive its commercial register identification number.
Once filed with the Commercial Register, the deed is registered with the Electronic Register of Companies and Associations (RESA).
Any person connected to a Luxembourg company who does not reside or work in Luxembourg must obtain a National Identification Number. This formality, required by the RCSL to enhance transparency, is handled by the notary during the incorporation process.
Since 2019, the implementation of new transparency measures derived from the EU’s anti-money laundering directive requires : the filing with the Luxembourg Register of Beneficial Owners (‘RBE’) of certain information on the beneficial owners of Luxembourg entities.
The law refers to the definition of beneficial owner given in a previous law (law of 11/12/2004, subsequently amended). The latter states that a holding (direct or indirect) of up to 25% of the shares plus one, or principal control of the company by any other means, is a sign of beneficial ownership.
This register is only accessible to national authorities and registered professionals (no access to the public).
Access to information may be restricted where public access would expose the beneficial owner to a disproportionate risk (fraud, kidnapping, etc.) or where the beneficial owner is a minor or otherwise incapacitated.
Information request and appointment
Are you looking for an chartered accountant in Luxembourg city ?
Your success starts with strong business management.
Let us show you our expertise so we can take the next step in your company’s journey together!
