Frequently Asked Questions
What is the process for forming a company in Luxembourg?
- Choosing a company name and ensuring it is available for use
- Drafting the articles of association and the bylaws of the company
- Filing the articles of association and other required documents with the Luxembourg Trade and Companies Register (RCS)
- Depositing the minimum share capital in a bank account
- Appointing directors and shareholders
- Obtaining any necessary licenses or permits
- Registering for taxes and social security
What are the benefits of incorporating a company in Luxembourg?
- Luxembourg is a member of the European Union, providing access to the EU market and its various benefits.
- Luxembourg has a well-educated workforce and a strong economy.
- Luxembourg has a competitive corporate tax rate of 22% and a favorable tax environment for businesses.
- Luxembourg has a modern and flexible legal framework for companies.
What are the requirements for directors and shareholders of a Luxembourg company?
- A minimum of one director is required for a Luxembourg company.
- There is no requirement for directors or shareholders to be resident in Luxembourg.
- The minimum share capital required for a Luxembourg company is usually €12,000
What are the ongoing compliance requirements for a Luxembourg company?
- Luxembourg companies are required to file annual financial statements with the RCS.
- Luxembourg companies are required to hold an annual general meeting and to keep accurate records of their meetings and resolutions.
- Luxembourg companies are required to appoint a legal representative and maintain a registered office in Luxembourg.
- Complying with other regulations and laws such as labor laws, health and safety regulations and data protection regulations.
It is important to note that the requirements may vary depending on the type of company and industry, so it is recommended to seek professional advice.
What are the ongoing compliance requirements for a Luxembourg company?
- Luxembourg companies are required to file annual financial statements with the RCS.
- Luxembourg companies are required to hold an annual general meeting and to keep accurate records of their meetings and resolutions.
- Luxembourg companies are required to appoint a legal representative and maintain a registered office in Luxembourg.
- Complying with other regulations and laws such as labor laws, health and safety regulations and data protection regulations.
It is important to note that the requirements may vary depending on the type of company and industry, so it is recommended to seek professional advice.