Fionza Consultants recommends thoroughly reviewing this guide to gain a comprehensive understanding of the steps involved in registering a company in Luxembourg and setting up a bank account in the country. By diligently following the six steps outlined below, you can expect to commence business operations with your Luxembourg company in as little as six weeks:
Step 1: Choosing a Suitable Corporate Entity Our team of dedicated consultants will assess your business objectives and activities, offering recommendations for the most appropriate corporate entity to facilitate your business operations. This step also includes guidance on the ideal paid-up share capital, corporate structure, relevant legislation, and other critical considerations.
Step 2: Reservation of Company Name Before proceeding with the Luxembourg company registration process, Fionza Consultants will reserve your preferred company name with the Trade and Companies Register to ensure its availability.
Step 3: Preparation of Supporting Documents In most cases, directors and shareholders are required to provide essential Know Your Customer (KYC) documents. These documents typically include director names, certified passport copies, proof of address, bank reference letters, and CVs for our internal due diligence checks. Additionally, we can assist clients looking to establish a physical presence in Luxembourg, including renting local offices and appointing a nominee director. Depending on your business activity and corporate structure, we will draft Articles of Association, a business plan, and other necessary incorporation documents.
Step 4: Filing to Register Company in Luxembourg Once the documents are ready, we will proceed with the registration process with the Trade and Companies Register. After receiving approval, we will courier essential documents, including the Certificate of Incorporation, Memorandum and Articles of Association, and other corporate documents, to your preferred address. We will also provide official translations of these documents into English or other required languages.
Step 5: Corporate Bank Account Opening Following successful registration, Fionza Consultants will assist in opening a corporate bank account. Our team has established partnerships with multiple reputable banks in Luxembourg, presenting your business to relationship managers and compliance teams. Typically, this process takes approximately four weeks, and directors and shareholders may not need to travel. If travel is necessary, we can arrange for a representative to accompany you or negotiate alternatives with the banks. While nominee directors are not mandatory for company setup, they may be required for bank account setup, and we can provide suitable nominees if needed.
Step 6: Financial Reporting and Taxation Obligations After setting up your Luxembourg corporate entity, Fionza Consultants will continue to provide essential accounting and tax services, ensuring legal compliance with regulatory obligations. Our services include registering with the Luxembourg Inland Revenue tax authority and managing financial statements, corporate tax returns, and bookkeeping on your behalf. Corporate income tax rates are typically 15% on taxable income exceeding €175,000 or 17% on income exceeding €200,000, with an additional 7% charge for the employment fund. Other applicable taxes may include property tax, business tax, and Value Added Tax (VAT). Our dedicated consultants will be available to address any questions or concerns you have regarding your company’s obligations.
By engaging Fionza Consultants, you can navigate the Luxembourg business landscape seamlessly, from company registration to operational readiness, with expert guidance and support at every step.
