Company in Luxembourg- Excellent Business in a Favorable Environment
Forming a company in Luxembourg can be a smart decision.
With all the ease offered, it is no wonder that investors consider Luxembourg
their chance to rake in considerably high profits. While there are different
types of companies that can be incorporated, the most common ones are SARL (Societe
Anonyme a Responsabilite Limitee) and SA (Societe Anonym).
Pre-Requisites for Company Registration in Luxembourg
Formation of a company is incomplete if it is not registered
and this is where company registration
Luxembourg jumps into the picture. Before moving ahead with the process
of registering a company a Luxembourg, the following points should be kept in
mind.
·
It is necessary that all corporate documents
that are submitted are written in German or French.
·
It is mandatory to have a bank account so as to
deposit the capital. Contributions made by the founders will be deposited in
this account.
Company Register in Luxembourg
The Trade Register is responsible for registering all the
companies and is called Registre de Commerce et des Societes. Primarily, the
Trade Register serves as a channel to maintain effective communication between
the general public and businesses. Also, it supervises that Luxembourg’s
company law is appropriately enforced. More detailed information can be
accessed by logging on the official company register’s website.
Important Points for Company Registration Luxembourg
Take a look at these points so as not to miss any important
details.
·
A unique company name has to be selected. In
order to make sure that your proposed company name can be used, it is
recommended to reserve it. This way, one does need to worry about any issues
that may arise later on.
·
The share capital has to be deposited in the bank
account. Minimum amount that can be deposited is 40,000 U.S. dollars. In order
to confirm the availability of funds, a bank statement has to be submitted to the
Trade Register.
·
Manager of the company can access the deposited
funds only after the company is registered.
·
The company must have at least two shareholders
or founders. Their residency (whether company or individual) and status are not
taken into account. This means that a legal entity as well as a person can be a
shareholder or director in a Luxembourg company.
·
Each company should have three directors that
are responsible for its management. Again, their residency and status are
irrelevant.
·
One of the key aspects of company registration in
Luxembourg is having an office that is registered. This is a requirement
because it is at this address that the trade register will correspond with the
company. Furthermore, any legal notices will be routed to this address.
Important Point
One point that cannot be forgotten is that any company
planning to operate in Luxembourg must acquire authorization or a permit from
the government of Luxembourg.
Document Requirements
Documents that must be submitted to Trade Register are as
follows.
·
Articles of association
·
Legal address of company
·
Comprehensive information of shareholders
·
Comprehensive information of company’s bank
account
It will take only be a matter of few days before anyone can register a company in Luxembourg if they follow all the information provided
above.
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