Business Consultation

Why Luxembourg

Luxembourg’s prosperity was originally based on the iron and steel industry, which in the 1960s represented as much as 80 percent of the total value of exports. By the late 20th century, however, the country’s economic vigour stemmed chiefly from its involvement in international banking and financial services and in such noncommercial activities as hosting intra-European political activities. In the 21st century, information technology and electronic commerce also became important components of Luxembourg’s economy. The result of the country’s adaptability and cosmopolitanism is a very high standard of living; the Luxembourgers rank among the world’s leaders in standard of living and per capita income.
While it may be one of the smallest member states of the European Union, the Grand Duchy of Luxembourg holds significant appeal, and its strengths attract investors from around the globe. With its high standard of living, abundant business opportunities, and highly skilled workforce, let’s explore what exactly draws entrepreneurs to this country and keeps them there! Why is Luxembourg a valued economic partner for its European neighbors and the world.

Steps to Set up Business in Luxembourg

Source: tradeandinvest.lu

There are several steps you will need to take to set up a company in Luxembourg : acquiring necessary permits, choosing the suitable legal form, dealing with residence permits, visas and social security affiliations etc.. We have put together a practical guide to walk you through the different steps.

1. Apply for your business permit

All businesses established in Luxembourg must acquire the necessary governmental permits. Commercial, skilled craft and industrial activities as well as certain liberal professions are subject to a business permit.

2. Define your company’s legal form

Whatever the size and nature of their business, it is crucial for entrepreneurs to choose a legal form that suits their activity (sole proprietorship or company).

3. Handle immigration issues

Any third-country national (a person who is not an EEA national – i.e. from an EU Member State, Iceland, Norway and Liechtenstein – or a Swiss Confederation national) planning to stay in Luxembourg for a period exceeding three months (90 days) must apply for a residence permit before entering the territory.

4. Explore financing and support measures

Companies that establish a sustainable presence in Luxembourg can draw on several financing and support measures that help them expand their activities, develop innovative concepts and products and strengthen their competitiveness.

5. Learn about taxation

Companies in Luxembourg are subject to corporate tax and have to apply value added tax (VAT) to their products and services. Individuals are taxed based on their personal situation.

6. Affiliate to the social security system

All companies need to fill in an operating declaration and a declaration of start of employment to the Joint Social Security Centre, which handles the data, registration of affiliations and collection of contributions for the different insurance funds.

What Can We Do for You

RBC’s regional experts help guide our clients’ strategic planning in dynamic local markets.

* Give advises for corporate development

* Thoroughly discuss the concerns of clients

* Opportunity and risk assessments

* Analyze economic, political, sectoral, and regulatory environment

* Monitor policy change

* Help with setting up business in Luxembourg

Pricing and Making an Appointment

We provide online business consultation with our clients. The price of the service is €200 per hour after one hour of free talk. You may make an appointment with our consultants by filling out the table.

Please select “business consultation” in the service box. We will confirm the appointment through email.

Orders placed after 2 p.m. will be processed by our team on the following business day.

Delivery dates exclude weekends & holidays.