Yes. A bank account with the appropriate share capital in a Luxembourg bank is an essential requirement in setting up a company in Luxembourg.
The taxes applicable to companies in Luxembourg are corporate income taxes. Companies are also required to apply value-added tax to the products and services that they offer.
It depends. A business permit/license is required for those who engage in specific activities. However, there are also special cases and other relevant permits for certain types of professions.
Yes. Regardless of the type of registered business you have, it is necessary to have a physical address in Luxembourg.
Yes. Professionals in the financial sector are required to obtain a license from the Ministry of Finance (Commission de Surveillance du Secteur Financier).
Yes. However, the formalities may differ depending on the form of the company.
On the same deed of incorporation, a resolution from the shareholders is taken to appoint directors who can act immediately after incorporation.
The notary signs a deblocking certificate to be shared with the bank attesting that the company has been incorporated. Assuming that all the KYC formalities have been properly performed by the bank, the company can use the cash upon receipt of the certificate from the bank.
In such case, the notary issues a “certificat de coutume”, which is an equivalent of the Trade and Companies Register certificate.
Yes. In Luxembourg, the company validly exists immediately after the signature of the deed by the notary and before its registration with the Luxembourg Trade and Companies Register.