Luxembourg is a small country located in Northwestern Europe. The country hosts numerous businesses focused on entrepreneurship, fostering an environment where both domestic and foreign companies can thrive. This location offers tax advantages, a stable business climate, and stringent rules and regulations.
At Business Setup Worldwide, we simplify the entire process of company registration in Luxembourg, offering comprehensive support from start to finish. This allows you to take a break and focus on your business growth.
Why Choose Luxembourg for Company Formation?
Before choosing Luxembourg for your business, it's essential to understand the advantages it offers. Here are some of the key benefits you can expect:
i) No Currency Restrictions
The major benefit of setting up a company in Luxembourg is that it is exempt from currency restrictions. You can transfer or exchange any foreign currencies within Luxembourg. The official currency in this jurisdiction is the Euro.
ii) Business-Friendly Jurisdiction
Luxembourg is a stable and safe country with a strong, diversified economy. It is characterized by openness, dynamic growth, and flexibility. This jurisdiction also provides advantageous legal frameworks for companies in the stock, financial, and banking sectors, making it a popular location for fund registration.
iii) Open to Various Business Opportunities
This jurisdiction offers numerous business opportunities, including finance, retail, and technology. Luxembourg's central location and strong infrastructure showcase it as a competitive intercontinental logistics hub. Furthermore, Luxembourg features a robust digital infrastructure, essential for high-tech companies.
iv) Affordable Company Setup Cost
Company incorporation in Luxembourg is cost-effective, making it ideal for startups. Looking to get started? Contact us for a detailed breakdown of setup costs.
v) Minimal Paperwork Requirements
The Luxembourg company registration is straightforward, with minimal paperwork requirements. Due to that, your incorporation can be completed within a few days.
Popular Business Structures for Setting Up a Company in Luxembourg
When incorporating a company, it is essential to conduct thorough research into the various business structures. Depending on your chosen business type, the legal structure may differ. Review the following structures for company incorporation in Luxembourg:
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Limited Liability Company (LLC) OR Société à Responsabilité Limitée (SARL)
The LLC or SARL is one of the most suitable business structures, where you are liable for the amount you have invested in the company. In case your company faces any losses, your assets will be seized by creditors or other parties. When you use an LLC, you are liable for paying corporate tax; however, the percentage of taxes purely depends on the size of the company. Get in touch with BSW to know the taxation requirements.
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Public Limited Company or Société Anonyme or SA
Big companies use this type of business structure, which protects shareholders' assets from liabilities. However, to utilize this structure, you must pay a minimum share capital. To learn about its capital requirements, contact a business setup advisor such as Business Setup Worldwide (BSW).
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Sole Proprietorship
The simplest structure to establish, which is also ideal for startups, is a sole proprietorship. With this structure, you are personally liable for all your company’s profits and losses. Additionally, you will need a business permit for company registration in Luxembourg.
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Partnership
A partnership is generally a combination of both general partnerships and limited partnerships. Let us discuss each in detail:
i) General Partnerships (Société en nom collectif - SENC)
This structure can be suitable for smaller or family-run businesses. Under this structure, partners have unlimited liability. In case your company faces any losses, all of the partners are equally liable, and creditors can pursue any partner's assets to settle obligations. It is affordable and straightforward to incorporate.
ii) Limited Partnerships (sociétés en commandite simple or S.C.S.)
An S.C.S. is a popular structure for investment opportunities. Under this structure, the partners have limited liability for the amount of their capital contribution and are generally involved in management. To learn more about this structure, contact BSW.
Services Offered by Business Setup Worldwide
Business Setup Worldwide assists you with the following services:
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Bank Account Opening Services
Are you prepared to open a business account in Luxembourg? Utilizing our bank account opening services enables you to conduct hassle-free transactions.
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Accounting and Bookkeeping Services
Are you facing difficulty managing your financial accounts and records? Take advantage of our accounting and bookkeeping services to ensure your data remains accurate.
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Intellectual Property Registration Services
It feels bad having your original works copied by others. It's time to take advantage of our intellectual property services to ensure protection for your trademarks.
Are you tired of starting a new business? Use our shelf company services to buy a ready-made company.
Planning to settle abroad with your loved ones? Schedule a free call to take advantage of our residency visa services.
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Foundation and Trust Formation
Safeguard your assets and wealth from creditors and lawsuits by utilizing foundation and trust formation services.
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Notarization and Attestation Services
Are you taking the time to obtain a legal signature on your documents? Don't worry. Use our notarization and attestation services to ensure the credibility of your paperwork.
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Registered Agent Services
Do you need some time to take care of your emails and call forwarding on your behalf? At BSW, we offer registered agent services in Luxembourg.
Procedure for Registering a Company in Luxembourg
Setting up a company in Luxembourg is easy. To ensure the process is completed on time, follow these five steps:
Step 1: Reach Out To Us and Complete the Application Form
Visit our website to start your business in Luxembourg. There, you can choose the order form, which requires information about your business, including your name, trade name options, chosen business structure, type of business activity, business license, and preferred jurisdiction.
Step 2: Submit the Required Papers
After you complete the online application, our advisor may ask you to submit the following documents: a memorandum of association (MOA), articles of association (AOA), proof of share capital deposit, proof of registered office address, business plan, and information about shareholders and directors to continue with the smooth registration process.
Step 3: Apply for a Business License
Once you submit the required documents, you will need to apply for a business license. Several licenses are available in Luxembourg, so consult our business setup advisor for guidance on which one best suits your needs.
Step 4: Wait for Approval
After applying for a business license, you must wait for approval. The approval time may vary according to your requirements. However, knowing the application process and contacting our experts will help you track it.
Step 5: Open a Business Account
Once all the submissions and verifications are completed, you can start the next process of opening a corporate bank account. Opening a business account is essential for conducting trouble-free business transactions. At BSW, we offer bank account opening services to ensure a hassle-free process.
Luxembourg Company Setup Cost: A Quick Glance
Are you concerned about the budget for forming a company in Luxembourg? Now is the time to take a deep breath. As we discussed, setting up a company in Luxembourg is affordable. At BSW, we offer transparent pricing. Our packages include registered agent fees, document fees, registration costs, licensing fees, and more. In addition to our company formation services, we also assist with many other services you may need in Luxembourg. We do not believe in hidden charges; our packages are straightforward and clearly defined. Schedule a free consultation to learn about the Luxembourg company formation cost.
Business Activities You Can Do in Luxembourg
These are the available business options you can choose from:
- Fintech
- Technology
- Digital startups
- Logistics
- E-commerce
- Renewable energy
- Biotechnology
Why Choose Us?
Do you know why our clients choose us? At BSW, we offer over 15 services that can be customized to meet your business setup needs. We are available 24/7 to assist with any business inquiries. With more than 8 years of experience in this field, we pride ourselves on our straightforward approach and prompt responses. If you are interested in our services, fill out the essentials in the chat box, and one of our business experts will contact you.
