Open a company in Luxembourg

Positive Invest invites everyone to open an offshore company in Luxembourg - a country with an optimal legal framework, minimal taxes, no control over the movement and flow of funds.

General information about the country

Luxembourg is one of the smallest states in the world. There is no own army, minerals. The main income to the budget comes from tourism, the banking sector, and the metallurgical industry. All payments are made in EURO. Member State of the EU.

Documentation in Luxembourg can be maintained in German, French and Luxembourgish. The constitution is built on the provisions of civil law.

Offshore registration in Luxembourg: fundamentals of legislation

In 1990, a law was signed regulating the opening of offshore companies - Société de Participation Financiére.

Offshore registration requires compliance with the following conditions:

• on the territory of the country, an office must be opened, according to which the company is registered;
• information about directors of companies is entered in a public register. Everyone has access to it. Information about shareholders and business owners is confidential and is not subject to disclosure under any circumstances;
• all organizations registered in Luxembourg are required to keep accounting records and submit annual reports, regardless of the type of activity and annual turnover;
• you can store documentation and hold meetings of business owners in any country in the world.

The government of the state has signed agreements that contribute to the absence of double taxation of profits received with most of the developed or developing countries of the world.

Opening a company in Luxembourg: key rules

From the moment of submitting a full package of documents to obtaining a business permit, in most cases, it takes no more than 2 weeks. There are 3 main types of companies allowed in the country that deserve special consideration. Regardless of the type of activity and type of company, the name ends with Société Anonyme, SA or AG.

SOPARFI COMPANY:

• authorized capital in the amount of at least EUR 31,000 is fully paid by the owner of the business by the time of submission of the package of documents required for registration;
• the legislation of the country allows the issue of shares of the following types: bearer, preferred. The firm determines at its sole discretion whether to issue voting shares;
• individuals and legal entities can organize a company in Luxembourg. At least 2 participants or shareholders can sign an offshore agreement. At least three directors must be appointed. Directors may be legal entities. Luxembourg law does not require directors to be residents of that country or the EU. But in most cases, having resident directors makes it easier to deal with bureaucratic issues;
• appointment of nominee directors, shareholders is allowed. There are no special requirements for the venue of shareholders' meetings;
• corporate tax, subject to legal requirements, is not paid.

Société Anonyme:

• you can create a company with an authorized capital of at least 31,000 EURO. The business owner is obliged to pay it in full by the time the package of documents for registration is submitted;
• a company in Luxembourg can be established by one person, private or legal in equal measure. At least one director is appointed. There are no citizenship requirements for founders or directors. Nominee founders and directors can be appointed.

The Luxembourg tax system provides for the following taxation options:

• from income over 15,000 EURO, 22.88% tax is paid;
• on income over EUR 17,500, 6.75% tax is paid.
• the maximum tax rate is 29.63%.

Société à Responsabilitée Limitée:

• the owner of the business is obliged to pay the entire amount of the authorized capital (at least 12,500 EURO) by the time of submission of documents for registration;
• the legislation of the country allows the issue of shares of the following types: bearer, preferred. The right to vote on shares is at the discretion of the business owner;
• A company can be organized by one natural or legal person. There must be at least one director. There are no legal requirements for the director's nationality or residency;
• if the total income exceeds EUR 15,000, the tax rate is 22.88%. If the amount of income exceeds EUR 17,500, 6.75% will have to be paid as tax.

Opening a current account

The cost of opening a current account in Luxembourg starts from EUR 1,000. A significant part of the banks requires you to have at least 200-250,000 EURO on your account at all times. It is not possible to open a current account remotely. A personal meeting of the business owner with a representative of the bank is required. An account can be opened for settlements or investment activities.

Register a company in Luxembourg: Positive Invest services

Luxembourg is one of the most attractive countries for setting up an offshore company. It rarely changes legislation, some of the lowest taxes in Europe. But opening a company requires knowledge of the regulatory framework, the selection of shareholders, directors. Self-study of all the necessary documents, the search for a registered agent can take a lot of time.

Positive Invest suggests not wasting time on using the "trial and error" method and immediately turn to qualified specialists. You discuss your requirements and in 2 weeks you receive documents that give you the right to do business in Luxembourg.