Luxembourg is one of the smallest counties in the world, located in Western Europe; bordered by Germany, Belgium and France. However, it is also the second wealthiest country in the world by GDP and enjoys low inflation. As a recognised financial centre, its progressive and adaptive approach makes it one of the best places to carry out business activities. Here are a few reasons why starting a business in Luxembourg is beneficial:
It is strategically located in the heart of Europe and is well connected to major cities of the world.
It offers state-of-the-art infrastructure.
It has entered into favourable tax agreements with more than 70 countries, which allows for a tax-efficient business arrangement.
Activities such as media, automotive components, technology, logistics, environment and health receive many incentives.
It offers a cosmopolitan and pro-business environment.
It boasts of a highly literate and multilingual workforce.
It has a stable political and social environment.
It offers an advanced legal and regulatory framework for investment funds.
It is the largest fund domicile in Europe and the second largest in the world.
REQUIREMENT TO OPEN A COMPANY
Minimum 1 Shareholder (any nationality)
Minimum 1 Director(any nationality)
Minimum Capital EUR 12500
Minimum Face Value of Share EUR 25
Charter of the Company
Passport copies and proof of address of all Directors, Members of the Board of Directors and Members of the Supervisory Bodies (or in the case of legal persons, an extract from the Trade and Companies Register)
Power of Attorney for those persons appearing before the notary in the place of the shareholders
Proof from the bank that the minimum capital required has been reserved/An auditor’s report
Statement of beneficial ownership of the company
Assistance in Company Setup
Assistance in opening of a Corporate Bank Account
Assistance in VAT Registration
Provision for a Registered Office
Auditing, Accounting & Taxation (if required)
Post Incorporation Services (if required)
Setting up a company in Luxembourg takes generally takes 2 to 3 weeks to complete along with the formalities.