Luxembourg

Luxembourg f

Official Name:  Luxembourg

LUXEMBOURG f

OUR SERVICES;                      

  • Consultation (in person, online, phone)
  • Helping to prepare your documents
  • Start to finish your company registration process
  • Immigration services

Luxembourg

Luxembourg is one of the smallest countries in Northern Europe. With a population of 600,000, it is one of the richest countries in Europe, with stable political and economic conditions. The country’s industrial sector is active in areas such as steel, chemicals, and rubber.
Much of Luxembourg’s economy relies on services, especially banking and finance. The country is known as the hub for financial institutions and banks in the world. Luxembourg has the highest annual income among European countries. This dynamic economy has made Luxembourg not only a global hub for finance, insurance, and banking but also an attractive place for many investors in recent years. Because Luxembourg has an open fiscal policy and because it is difficult to open an account in most European countries, Luxembourg is important for investors all over the world because you can easily open a bank account. The country’s exports include timber and glass, steel, equipment, and machinery, which mostly exports to Germany, the Netherlands, France, the United Kingdom, Spain, and Belgium, and from the same countries, we mentioned materials such as iron and Imports food and luxury goods. In fact, this exchange between these famous countries has created a very good economic situation for Luxembourg.

General Question

Is student immigration to Luxembourg expensive?
Tuition at Luxembourg universities averages around € 9,000 (Euro) per year.

Is it possible to immigrate to Luxembourg as a workforce?
If you have a valid job offer from this country.

Is it possible to get permanent residence in Luxembourg?
People who pay taxes for a certain period of time depending on the type of immigration to this country will benefit from this possibility.

Does getting married in Luxembourg lead to residency?
No, Luxembourg is subject to the principle of blood.

The benefits of company registration

  • Residence in Luxembourg (Residence in Europe)
  • Open a bank account in your own name or company
  • Enjoy excellent medical facilities and amenities throughout Europe
  • Obtaining residency in this country without any age restrictions
  • The investor can own 100% of the company’s shares in his name.
  • The company can do business in Europe using the European Free Trade Act.
  • After acquiring a European brand, the company can engage in economic activity around the world.

Company registration process 

Step 1: Open a bank account

The first step you need to take to register a start-up company in Luxembourg is to open a bank account at your preferred bank. The KYC process can be tedious in some cases, but it will be easier if you choose a bank where you already have a bank account. Also, having a long-term relationship with the bank you are considering allows you to negotiate with the bank to get the best bank rates.

Step 2: Choose a name for your company.

Before starting a company, you need to first choose a name for it and make sure that the name you choose is unique. If you apply to the Registrar of Companies and Businesses, they can check the brand name or company name of your choice and make sure that the name has not been used before.

Step 3: Specify the type of company you intend to establish.

In Luxembourg there are several formats of a company that you can choose from and the most common types are Limited Liability Company (SARL) and Public Limited Company (SA). The main difference between the two types of companies is the minimum amount of shares to be invested (€ 12,500 and € 31,000, respectively) and the requirement to have an accountant appointed for SA companies, the restrictions on the transfer of shares, and the terms and conditions of each one of the companies.

Step 4: Draft the company’s articles of association

The company’s articles of association include the legal documents and the basic charter of the company, which are specified in its executive laws and regulations. Preparing articles of association for a company makes it a legal entity, meaning that it can operate as a legal entity and have legal obligations to third parties.

Step 5: Transfer the company’s stock.

One of the main steps in the process of creating a legal entity for the company and registering it is the transfer and deposit of the company’s capital or shares to the bank. This amount will depend on the type of company you plan to start (the minimum cost required for each SA or SARL company can vary) and the amount of money you plan to invest in your project.

Step 6: Issuance of blocking certificate by the bank

After the transfer of the company’s capital and shares, the bank will issue a blocking certificate for you, which will act as an official confirmation of the fact that the amount mentioned in your company’s articles of association will be deposited in the bank account and your company can be registered.

Step 7: Make an appointment with a notary.

Once your bank account freeze certificate has been issued and the company articles of association have been completed, you should go to the notary. Your company will be formed through the registration of the articles of association. The notary public registers the articles of association and is registered in the register of companies and businesses and in an official announcement. The cost of this step is about 1,200 euros.

Step 8: Send the blocking certificate to the bank.

After your company has been successfully registered, you will be given a blocking certificate by a notary public, which you must send to the bank. This certificate allows the bank to release the amount deposited into your account and make it available to the company.

Step 9: Apply for a Business License (When Required)

The establishment of a company in the field of business activities, trade of skill industries, and some special professions (professions liberals) is under control and supervision according to the law enacted on September 2, 2011 and requires a business license. This business license is granted to you only if the necessary arrangements and facilities are in place in Luxembourg, including the appropriate infrastructure for the nature of the work you intend to do.

Step 10: Apply for a VAT Number (if required)

VAT is a general consumption tax. This type of tax applies to all economic activities. Some transactions may be subject to VAT under the law. In general, all people who need to pay VAT are required to register for VAT. To register for VAT, the company must apply to the Land and Property Registration Department.

Documents required for company registration in Luxembourg and residence

  • Company name (provided by yourself)
  • Fill in the company registration form in Luxembourg
  • Passport scanning of shareholders and CEO
  • Business Plan
  • Ownership document and printing of bank account
  • Copy of the last degree ‌
  • Power of attorney (to be signed by the client)

Entrepreneurship in Luxembourg

Entrepreneurship in Luxembourg leads to the residence for the applicant and his family, and therefore it can be considered as one of the best ways to invest in Luxembourg. Many people are looking to identify and start the best business in Luxembourg. Starting the best business in Luxembourg depends on your circumstances and abilities, and if you have skills in your business, you can start that business in Luxembourg. Entrepreneurship in Luxembourg is possible in two ways.

The first case is through the start-up of a startup in Luxembourg. In this way, you have a creative idea and if you can prove that this idea will be successful and profitable, you can start that business in Luxembourg and benefit from the help of a foreign investor.

In the second case, you have to invest € 500,000 in entrepreneurship and company registration in Luxembourg with the aim of working in the commercial or artistic sector, and you also have to create at least 5 jobs in the 3 years since you started operating in Luxembourg.