* Includes government licence fees, registered office for 12 months, Company secretary fees for 12 months.
**Excludes €1,100 refundable deposit.
Click on the logo above to review sample PDF invoice
For over a decade, Healy Consultants efficiently and effectively assists our Clients set up businesses in Luxembourg. If you are a foreigner contemplating investing, or doing business, in Luxembourg, the following information will assist your Firm determine if company formation in Luxembourg is the optimum corporate solution to fulfill your European business objectives:
A Luxembourg holding company (Soparfi) is legally tax exempt from all local taxes including corporation tax, capital gains tax and withholding tax. Subsidiaries of the Soparfi must be domiciled in a country where i) corporate income tax is at least 11% or ii) the subsidiary is resident in an EU member state or iii) the subsidiary is resident in one of the 60 countries with a double tax treaty with Luxembourg.
2.
A Luxembourg financial assets holding company (SPF) is legally tax exempt from all local taxes including corporation tax, capital gains tax and withholding tax. This vehicle is often used to manage a family privately owned investment portfolio.
3.
A Luxembourg Intellectual Property and Royalty Collection Company only suffers corporation tax of 6% and enjoys zero withholding tax from distribution payments to non-residents, which is an advantage to Luxembourg company incorporation.
4.
Another advantage of Luxembourg company formation is that a Luxembourg Investment Funds Company is legally tax exempt from all local taxes including corporation tax, capital gains tax and withholding tax.
Another benefit of company registration in Luxembourg is that the sale of shares in a Luxembourg company is legally tax exempt from capital gains tax. A Luxembourg holding company is legally tax exempt on dividend income and capital gains on sale of shares in a subsidiary company.
7.
For Luxembourg company incorporation, a non-resident trading branch of a foreign company is legally tax exempt from all local taxes including corporation tax, capital gains tax and withholding tax.
8.
There are no withholding taxes on interests, royalties or technical service fees paid to non-resident companies, which benefits Luxembourg company formation.
9.
A Luxembourg private equity firm (SICAR) is legally tax exempt for all income from bonds and equities. The SICAR law provides a full withholding tax exemption on dividends distributed to its shareholders. A SICAR must be authorized by the CSSF prior to commencing its operations.
Luxembourg is considered a 'tax haven' by EU member states. Its membership of the European Union will continue to force the country to abandon legal tax exemptions on holding companies.
2.
There is valid concern about Luxembourg’s banking secrecy laws, agreeing to OECD standards on exchange of customer information since 2009, which could be disadvantageous for Luxembourg company incorporation.
3.
A Luxembourg commercial trading company suffers company taxation at 30%. Consequently, entrepreneurs often choose to only use tax exempt holding companies when investing in Luxembourg.
4.
Since July 2011, interest payments to EU residents suffer a 35% withholding tax. Withholding tax exemption is granted after taxpayers disclose their Luxembourg investments in their home country.
The majority of our Clients use Luxembourg tax exempt holding companies for Luxembourg incorporation, rather than as an EU commercial trading company. The table below compares the different holding companies:
A Société de Participation Financière (Soparfi) is a Luxembourg commercial limited liability company with a holding company objects clause. The Soparfi is used for owning subsidiaries in i) EU countries or ii) in the 60 countries where Luxembourg has a double tax treaty. In essence it is a non-regulated private equity vehicle which may carry out holding and financing activities with legal tax exemption.
2.
A Luxembourg holding company (Soparfi) is legally tax exempt from all local taxes including corporation tax, capital gains tax and withholding tax. Subsidiaries of the Soparfi must be domiciled is a country where i) corporate income tax is at least 11% or ii) the subsidiary is resident in an EU member state or iii) the subsidiary is resident in one of the 60 countries with a double tax treaty with Luxembourg.
3.
Specifically, the following tax exemptions are available:
Tax exemption on dividend income from subsidiaries that are i) owned for at least 12 months and ii) at least 10% of the shares are owned by the soparfi at a cost of at least €1.2m;
Tax exemption on capital gains from disposal of subsidiary companies that are i) owned for at least 12 months and ii) at least 10% of the shares are owned by the Soparfi at a cost of €6m;
Zero withholding tax on Soparfi dividends to beneficial owners;
Zero withholding tax on interest paid by the Soparfi to non EU residents;
Zero withholding tax on royalties paid by the Soparfi to all counterparties;
The Soparfi enjoys access to Luxembourg’s extensive double taxation treaty network with over 60 countries;
The Soparfi enjoys access to the EU Parent-Subsidiary Directive;
Net wealth tax exemption on investments.
4.
A Soparfi is a fully tax resident Luxembourg company limited by shares and can be incorporated under the form of a public limited company (SA) or a private limited liability company (SARL).
In 2007, the Luxembourg government passed a law concerning the taxation of royalties earned from intellectual property from unrelated parties. This law encourages investing in Luxembourg via research and development and increases Luxembourg's attractiveness for the holding of intellectual property;
2.
A mere 6% corporation tax is payable on i) royalty income and ii) capital gains on the disposal of such intellectual property. In addition, the following tax benefits are enjoyed:
Zero withholding tax on dividends to beneficial owners;
Zero withholding tax on interest paid to non EU residents;
Zero withholding tax on royalties paid to all counterparties;
The IP company enjoys access to Luxembourg’s extensive double taxation treaty network with over 60 countries;
The IP company enjoys access to the EU Parent-Subsidiary Directive.
3.
Royalty income derived from intellectual property from non group companies includes i) consideration for the use of any copyright on standard software ii) use of any software iii) use of a trade mark iv) use of a design or model v) use of patents.
4.
Intellectual property (IP) refers to creations of the mind including inventions, literary and artistic works, and symbols, names, images, and designs used in commerce. IP is divided into i) industrial property including inventions (patents), trademarks, industrial design and ii) copyright including literary and artistic work.
5.
The IP holding company is a fully tax resident company limited by shares and can be incorporated under the form of a public limited company (SA) or a private limited liability company (SARL).
A Luxembourg SPF (Société de Gestion de Patrimoine Familial) is a global private, family wealth investment, specifically designed to meet the business needs of family owned holding companies managing global financial assets. Thus the exclusive object of the SPF is the acquisition, holding, management and disposal of international financial assets.
2.
The SPF is legally tax exempt from i) Luxembourg corporate tax ii) withholding tax on distributions to shareholders including dividends, interest and royalties iii) capital gains tax arising from the sale of SPF shares iv) liquidation revenues from the SPF.
3.
The SPF Luxembourg company is allowed to engage in i) private wealth management ii) inheritance planning iii) owning financial instruments such as shares, bonds and other debt instruments iv) manage a portfolio of investment funds v) own private equity provided that the SPF does not intervene in the management of the subsidiary and vi) cash and other types of bankable asset vii) derivatives and viii) currencies ix) guarantee liabilities of a subsidiary company x) provide interest free loans to subsidiary companies xi) trade hedge funds, precious metals, options, warrants.
4.
The following groups are eligible to invest in Luxembourg via an SPF company: i) individuals acting within the scope of the management of their private family wealth ii) entities acting solely in the interests of the private wealth of one or more individuals iii) intermediaries acting on behalf of the above investors. A fiduciary contract allows the owner to transfer the legal ownership of assets to a trustworthy person, the fiduciary, who assumes responsibility for managing the assets. At the end of the contract the fiduciary transfers the assets back to the principal or to a designated beneficiary.
5.
An SPF is only allowed to receive dividends from listed companies in the EU. An SPF cannot own real estate nor own patents nor intellectual property rights. However, the SPF can hold a stake in other structures which perform such activities.
6.
The SPF is not allowed to engage in any commercial trading activity including i) trading goods and services ii) retail and wholesale iii) import and export iv) earning fees of any kind. An SPF cannot engage in any administrative activity or financial services on behalf of third parties/affiliated companies. However, the SPF can hold a stake in other structures which perform such activities.
7.
An SPF neither enjoys the benefits of European Union Directives nor Luxembourg double tax treaties nor can it register for EU VAT. Consequently, an SPF suffers withholding tax of 15% on directors fees paid to non-residents.
8.
When dealing with subsidiaries, an SPF is prohibited from i) earning fees of any kind ii) managing subsidiary companies or rendering any kind of services and iii) granting interest bearing loans to subsidiaries.
9.
An SPF cannot be publicly traded on the Luxembourg stock exchange nor issue public bonds. However, the SPF can hold a stake in other structures which perform such activities.
10.
Each year, an independent Luxembourg auditor must issue a certificate of non-objection to the Registry Administration if the SPF i) publishes its annual statements ii) respect the provisions of the company law and iii) the company’s activity remains within the legal framework. Failure to comply with the same leads to cancellation of the SPF license.
11.
A Luxembourg SPF can be set up under the legal form of a public limited liability company (SA), a private limited liability company (Sarl), a corporate partnership limited by shares (Seca), or a cooperative society. Only natural, individual shareholders allowed.
Luxembourg is the global leader for cross-border distribution of investment funds, with a market share in cross-border fund distributions amounts to 74.6% on a worldwide basis Luxembourg is Europe’s largest center for investment funds and 2nd largest investment fund center worldwide. Over 3,860 investment funds are registered in Luxembourg, 2,450 are umbrella funds with more than 11,990 different sub-funds.
2.
Luxembourg investment funds entities (SICAV and SICAF) are exempt from corporate income tax and capital-gains tax. Luxembourg levies no withholding tax on distributions paid by investment funds, except where the EU Savings Directive applies re interest payments to EU residents.
3.
The financial sector is under the supervision of the “Commission de Surveillance du Secteur Financier” (CSSF). Registration of investment funds requires ministerial approval while the CSSF is responsible for supervising funds.
4.
Luxembourg investment funds have the following annual obligations:
annual reports to be certified by an auditor licensed in Luxembourg;
appoint a depot bank headquartered in Luxembourg. The depot bank monitors the fund’s assets, ensures that the issuance and re-purchase of stock and shares/stakes takes place in compliance with legal regulations and that revenues/profits are applied in a manner in accordance with the company's articles of incorporation;
minimum capital may not be less than EUR1,250,000;
5.
Other Luxembourg investment funds conditions:
The investment managers or consultants require certification/licensing by the oversight board for financial markets. There are no limitations regarding the nationality of the persons or company who administers the fund or performs consulting work;
The Fund is only suitable for professional (institutional) investors, such as banks and insurance companies;
To support Luxembourg incorporation, Healy Consultants will efficiently and effectively project-manage our Clients engagement, providing detailed email status updates every second day:
1.
Prior to Luxembourg company setup, our client a) settles Healy Consultants' fees, b) signs and returns our Client Engagement Letter and c) provide us all the required due diligence documents.
2.
Healy Consultants drafts a detailed Luxembourg company setup engagement project, mapping out by week each step to engagement completion, optimising transparency and setting Client expectations to support Luxembourg company registration.
3.
Healy Consultants reserves company name with the Luxembourg Commercial Register and prepares company deeds of establishment and articles of association. The exact corporate structure is agreed with our Client.
4.
Healy Consultants assists our client open a corporate bank account with a Luxembourg bank to support Luxembourg company formation. Our Client deposits the paid up share capital of €12,395 and supplies Healy Consultants with a certificate of deposit and bank statement.
5.
Healy Consultants submits a detailed business application to the Ministry of the Economy and Foreign Trade including i) a copy of the shareholders and directors diplomas and resume ii) a certificate of non-bankruptcy or a statement of solvency under oath before a notary iii) the documentary evidence of the applicant’s respectability, e.g., a police report iv) the draft articles of association to support Luxembourg company registration.
If required, the commercial license is issued by the Luxembourg Ministry of the Economy and Foreign Trade. If required, Healy Consultants applies for a financial services license from the “Commission de Surveillance du Secteur Financier” (CSSF) to support Luxembourg incorporation.
Healy Consultants submits an application to the Company Registry Office and receive a Company Registration Certificate from the Ministry of Commerce. Thereafter, The Trade and Companies Register arranges for the publication of the incorporation deed in the Official Gazette within 2 months of the company's registration;
10.
Following engagement completion of Luxembourg company incorporation, Healy Consultants couriers a full company kit to our client, including original Luxembourg corporate documents, unopened bank correspondence and a client feedback survey to support Luxembourg company formation;
Healy Consultants will assist our Client engineer the optimum Luxembourg corporate structure to support Luxembourg company registration. There are several ways of doing business in Luxembourg, the most common being formation of a LLC:
LLC
Branch
Rep Office
Can legally trade in Luxembourg and issue invoices
Yes
Yes
No
Can open a bank account in Luxembourg
Yes
Yes
Yes
Enjoys limited liability in Luxembourg
Yes
No
No
Minimum number of shareholders required
1
Parent company
Parent company
Minimum number of directors required
1
0
0
Luxembourg resident director required
No
No
No
Luxembourg company secretary required
Yes
Yes
Yes
Annual Return required
Yes
Yes
No
Submit annual tax return
Yes
Yes
No
Corporate directors allowed
Yes
N/A
N/A
Luxembourg tax payable
30%
30%
0%
Legal tax exemption if properly structured
Yes
Yes
Yes
Office premises mandatory
No
No
No
Allowed to hire staff
Yes
Yes
Yes
Private Limited liability company (Sarl)
The Société à Responsabilité Limitée (Sarl) is the most common Luxembourg entity used to conduct business in Europe. As always, the company is a separate legal entity or 'person'. In particular, a company is separate from its owners, shareholders and the persons who run it, the directors. The minimum paid up share capital for a Luxembourg LLC is €13,000. The Sarl cannot issue public bonds or be listed on stock exchange. For international business matters, the S.à.r.l. fits the American "check the Box" procedure;
Public limited liability company (SA)
A Société Anonyme (SA) also known as a joint stock company has a minimum share capital of €31,000, unlimited shareholders and bearer shares are allowed. This entity is used to access financial markets through public or private issuance of bonds and equities;
Foreign branch
A foreign company can establish a branch in Luxembourg to engage in local and international commercial trading of goods and services. A branch does not enjoy a legal personality separated from its head office. The branches need to be registered with the Luxembourg trade register;
Establishing a branch in Luxembourg is a simple process if certain steps are followed and the documents are in properly submitted. The whole process takes 3 weeks including obtaining a business permit and registration at the Trade and Companies Registrar;
A resident branch of a foreign company suffers corporate income tax of 30%. A non-resident branch is legally tax exempt in Luxembourg. Non-resident companies are only subject to corporate income tax on profits made from Luxembourg source income;
There are no Luxembourg withholding taxes on branch profits remitted to non-resident parent company;
Representative office
While a Luxembourg representative office can also be 100% foreign-owned and controlled, it is not permitted to make direct sales in Luxembourg. Such an office will only engage in activities which will not amount to carrying on business, for example market research. Therefore a local Luxembourg agent or distributor must be appointed to sell goods and provide services;
Partnerships
This entity structure is popular with accountants, architects, consulting engineers and lawyers. There are three types of partnerships including i) a general corporate partnership ii) a limited corporate partnership and iii) a corporate partnership limited by shares;
The average fee per Luxembourg company registration engagement amounts to €19,770, which includes company incorporation, opening corporate bank accounts, and all Government fees. Refer to draft invoice embedded in the icon below:
Healy Consultants Compliance Department guides our Client through legal and tax obligations to support Luxembourg incorporation.
1.
A minimum of 2 shareholders and 3 directors is required to set up a Luxembourg limited liability company. Shareholders and directors may be individuals or corporate entities of any nationality, and need not be resident in Luxembourg.
2.
The Registre de Commerce et des Sociétés is the official trade register of companies and associations in Luxembourg. Accessibility to the Luxembourg Trade Register is simple and the information available includes i) company address ii) name of shareholders and directors and iii) date of incorporation.
3.
The company directors are appointed, replaced and dismissed by the shareholders. The identities of shareholders and directors are on the public register.
4.
Luxembourg banks and other Luxembourg Financial Service Providers are required to withhold tax at a rate of 35% from interest paid on the accounts of EU residents, unless the account holder has elected to send the following information to the tax authorities of the country in which they are residents: i) information about the period; ii) the amount of interest paid and iii) the account holder’s identity.
5.
All resident and non-resident Luxembourg companies must i) file a declaration at the Administration de l'Enregistrement et des Domaines and ii) submit annual financial statements to the Luxembourg trade register and iii) lodge an annual return confirming names and addresses of all directors, principal place of business and details of shareholders and their shareholdings.
6.
The incorporation deed and articles of association of a Luxembourg company must written in French or German and comprises i) the identity of the natural or legal person or persons by whom or on whose behalf the incorporation deed has been signed ii) the registered office , iii) the corporate object and iv) the amount of paid up capital.
Where possible, Healy Consultants bank account opening team will liaise with the bank to prevent our Client having to travel for an account opening interview following Luxembourg company formation.
2.
Healy Consultants assists our client open a Luxembourg corporate bank account to support Luxembourg incorporation. Our Client deposits the paid up share capital and supplies Healy Consultants with a certificate of deposit and bank statement.
3.
There are no Luxembourg exchange control regulations governing the repatriation of funds, profits or capital after corporate dissolution. There is no limitation on the inflow or outflow of funds for remittances of profits, debt service, capital, capital gains, and returns on intellectual property or imported inputs.
4.
Luxembourg is a major centre for financial services, and there are more than 200 banks in a country whose population is below half a million. No surprise, then, that Luxembourg offers world-class banking facilities. Most international banks are represented here.
Healy Consultants efficiently and effectively assists our Clients discharge monthly, quarterly and annual accounting and tax obligations to support Luxembourg company incorporation:
Corporation tax
1.
All resident or foreign companies with a permanent establishment in Luxembourg are subject to corporation tax. Resident companies are taxed on their global revenue. A company is considered to be a resident tax payer if its place of management is located in Luxembourg. Non-resident companies are liable to tax only on their Luxembourg sourced income.
2.
Luxembourg resident commercial trading companies suffer corporate income tax of 30%. In addition, Luxembourg commercial trading companies suffer annual net wealth tax of 0.5% levied on total gross assets reduced by the debts of the companies.
3.
Annually, all Luxembourg companies submit annual financial statements to the Registrar of Companies. The financial statements are not published and are exempt from annual audit if i) the total balance sheet is less than €3m and ii) turnover is less than €6m or iii) there is a single shareholder.
4.
The Luxembourg tax year is the calendar year. Companies must file a paper annual tax return before 31 May of each year. The filing date may be extended upon request until 31st October.
5.
Luxembourg has signed bilateral taxation treaties with more than 60 countries including China, Japan, Germany, Russia, UK and USA. Luxembourg has bilateral tax treaties with all EU Member States.
Corporate tax exemptions
6.
A Luxembourg holding company (Soparfi) is legally tax exempt from all local taxes including corporation tax, capital gains tax and withholding tax. Subsidiaries of the Soparfi must be domiciled in a country where i) corporate income tax is at least 11% or ii) the subsidiary is resident in an EU member state or iii) the subsidiary is resident in one of the 60 countries with a double tax treaty with Luxembourg.
7.
A Luxembourg financial assets holding company (SPF) is legally tax exempt from all local taxes including corporation tax, capital gains tax and withholding tax.
8.
A Luxembourg Intellectual Property and Royalty Collection Company only suffers corporation tax of 6% and enjoys zero withholding tax from payments to non-residents.
9.
A Luxembourg Investment Funds Company is legally tax exempt from all local taxes including corporation tax, capital gains tax and withholding tax.
10.
The sale of shares in a Luxembourg company is legally tax exempt from capital gains tax. A Luxembourg holding company is legally tax exempt on dividend income and capital gains on sale of shares in a subsidiary company.
11.
A non-resident trading branch of a foreign company is legally tax exempt from all local taxes including corporation tax, capital gains tax and withholding tax.
12.
A Luxembourg private equity (SICAR) is legally tax exempt for all income from bonds and equities. The SICAR law provides a full withholding tax exemption on dividends distributed to its shareholders. A SICAR must be authorized by the CSSF prior to commencing its operations.
Luxembourg withholdings tax
13.
The EU Parent - Subsidiary Directive allows gross payments of dividends, interest and royalties between EU group related companies.
14.
There are no withholding taxes on interests, royalties or technical service fees paid to non-residents whether corporate or individual.
15.
Luxembourg company dividends are paid gross to resident and non-resident shareholders who are resident in an EU member state or to shareholders resident in one of the 60 countries with a double tax treaty with Luxembourg.
16.
Dividends distributed to offshore companies, trusts and individuals are subject to a withholding tax of 15%.
17.
Luxembourg banks and other Luxembourg Financial Service Providers are required to withhold tax at a rate of 35% from interest paid on the accounts of EU residents, unless the account holder has elected to send the following information to the tax authorities of the country in which they are residents: i) information about the period; ii) the amount of interest paid and iii) the account holder’s identity.
Other tax considerations
18.
In order to further comply with OECD and EU requirements, Luxembourg issued in 2011 additional transfer pricing guidelines. Luxembourg companies realizing intra-group financing transactions must i) document their finance margin and ii) evidence sufficient capital is put at risk to justify the margin and iii) must have a real presence in Luxembourg (e.g., majority of local board members).
19.
Luxembourg has the lowest VAT rate in Europe at 15%. Luxembourg VAT is levied on Luxembourg entities i) buying and selling goods and services within Luxembourg ii) importing goods from non EU member countries iii) purchasing services from a non-EU service provider.
20.
Pure Luxembourg holding companies usually are not allowed register for VAT, for example the SPF and Soparfi.
Luxembourg boasts the lowest VAT rate in Europe at 15%, which is especially interesting to web based businesses. The VAT authority in Luxembourg is the Administration de l’Enregistrement et des Domaines. The VAT identification number for resident and non-resident businesses and taxable persons is a ten digit number in the format xxxx xxx xxx.
Who suffers Luxembourg VAT
Luxembourg 15% VAT is levied on:
Luxembourg entities buying and selling goods and services within Luxembourg;
Luxembourg entities importing goods from non EU member countries;
Luxembourg companies enjoying services from a non-EU service provider. A service is deemed to be rendered in Luxembourg if the supplier or the Luxembourg company has a permanent establishment in Luxembourg;
intra-EU community acquisition of goods in Luxembourg;
Who enjoys VAT exemption
Pure Luxembourg holding companies usually are not allowed register for VAT, for example the SPF and Soparfi;
A zero-rate of VAT applies to intra-community supplies of goods and services;
Luxembourg companies supplying goods and services to non-EU companies enjoy zero-rate of VAT;
VAT exemption for most banking and insurance activities carried out by Luxembourg companies;
Leasing and sale of real estate in Luxembourg;
VAT refunds in Luxembourg
To apply for a VAT refund, a Luxembourg company must i) submit the application to Administration de l’Enregistrement et des Domaines, ii) stata the name and full address, an email address, and the business activity for which the goods and services are bought, iii) declare that no goods or services were delivered to Luxembourg, iv) provide bank account details, the VAT number and tax reference number;
The non EU residents’ claims must cover one year and cannot have a value lower than 250 EUR. The application, signed by the company’s representative must be deposited at the “Administration de l’Enregistrement et des Domaines” followed by the VAT certificate from the state where the company is located, the original invoices, the import documents, a declaration that the applicant haven’t carried out taxable supplied in Luxembourg, a declaration that any amount that is in addition will be reimbursed to the Luxembourg VAT authorities;
Monthly VAT payments
All companies registered for the Luxembourg VAT regime must electronically file a monthly and an annual VAT declaration. Taxpayers must file Luxembourg VAT declarations even if they have no taxable activity in a period;
Taxpayers who supply goods from Luxembourg to other EU member states, as well as entities that pay centrally for a number of subsidiaries, can file quarterly;
Healy Consultants provides our Clients with nominee shareholders and directors.
2.
Entrepreneurs completing business formation in Luxembourg can benefit from Luxembourg's numerous Intellectual Property laws. Healy Consultants will assist our Clients with trademark and patent registration. Registering your brand, trademark and designs is particularly important in Luxembourg.
3.
Healy Consultants offers a comprehensive range of Luxembourg research services including i) industrial or business analysis ii) economic and political overview iii) competitor analysis iv) customer analysis v) regulation analysis vi) market entry strategies vii) business partner matching.
4.
As in most European countries, registering a trademark in Luxembourg can be done either by filing an application request at national level or filing the registration request on a centralized European level, both methods offering the same amount of protection.
In March 2010, the Sunday Telegraph reported that most of Kim Jong-Il's $4bn in secret accounts is in Luxembourg banks;
2.
The country is widely used in corporate structuring for cross border transactions, but due to its place in Europe's political environment, it is constantly adapting its tax legislation, to avoid adverse conflict with the tax authorities of other EU countries. For example, the classic tax exempt Luxembourg 1929 Holding Company was outlawed on 31 December 2010. The regime was held to be an illegal state aid by the European Commission;
3.
The government of Luxembourg has successfully attracted many start up companies, Ebay and Skype are just two which have moved their European headquarters to Luxembourg;
4.
The most significant part of the Grand Duchy's economy is its flourishing financial sector which comprise of more than 200 banks, 1,900 investment funds and 20,000 holding companies;
5.
The population of the Grand Duchy is of approximately 449,000. The Luxembourgers are generally fluent in French, German and English in addition to their mother tongue, Luxembourgish;
6.
In 1867 Luxembourg gained independence from Germany and organized itself as a constitutional monarchy with the legislative power vested in a democratically elected parliament. The legal system is based on Napoleonic code and is therefore similar to the Belgium and French legal systems;
7.
Luxembourg is an EU member with a stable government, economy and legal system and therefore Luxembourg company formation portrays a positive image to clients, suppliers and venture capitalists. Consequently, Luxembourg is positively ranked as the world's 13th-freest economy, and scores at 95% in terms of investment freedom and capital flows according to the Heritage Foundation's 2011 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets;
8.
Luxembourg is positively ranked as the worlds 11th least corrupt country in the 2011 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians;
Contact Us
For more information on Luxembourg company formation, contact email@healyconsultants.com or telephone (+65) 6735 0120.
