The Luxembourg Business Register (LBR) plays a crucial role for companies in Luxembourg. It ensures companies operate legally and with transparency. The LBR keeps public records of company details like their legal form, size, and business area. To join, new companies in Luxembourg must sign up with the LBR and keep their company information current. The LBR also links with business registers in other EU countries. This helps companies follow rules and stay transparent across Europe. Starting November 12, 2024, anyone who registers with the Luxembourg Trade and Companies Register needs a Luxembourg National Identification Number (LNIN). This is true for both locals and people from other countries.

To sign up with the LBR, you need to provide certain information. You must give your full name, birthdate, birthplace, country, nationality, gender, home address, and documents to show who you are and where you live. These documents can be in German, French, Luxembourgish, or English. If your documents are in another language, you need to add a simple translation.

Starting a business in Luxembourg comes with specific costs and steps. The administrative fee ranges from €1,200 to €3,200. Also, your business needs a real address in Luxembourg. The company’s leader must run the business from inside Luxembourg. You have to check if your business name is free, write company rules, go through legal steps, open a business bank account, and sign up with several agencies. This includes the RCS, CCSS, and VAT registration if needed.

Key Takeaways

• The Luxembourg Business Register (LBR) is essential for ensuring the transparency and legality of businesses in Luxembourg.
• Individuals must provide a Luxembourg National Identification Number (LNIN) and supporting documents for LBR registration.
• Document requirements include full identification details and appropriate verification documents in one of the specified languages.
• The administrative cost of setting up a business in Luxembourg ranges between €1,200 and €3,200.
• The entire process of company registration in Luxembourg may take 1 to 4 weeks, depending on various factors.

Understanding the Luxembourg Business Register (LBR)

The Luxembourg Business Register (LBR) is key for getting info on companies in Luxembourg. It acts as a main source, helping the LBR make sure businesses follow the rules. This register is important for making sure companies act legally, which is vital for Luxembourg’s economy.

What is the Luxembourg Business Register?

The Luxembourg Business Register is a key place for keeping company details. It holds vital info on different organizations, like traders and non-profits. The register makes sure important papers, like founding documents and legal decisions, are open to everyone. This makes things clear and trustworthy.

Importance of the LBR for Businesses

The LBR is really important for companies. It helps businesses in the EU work together smoothly. This is great for companies that are in many countries, helping them follow the law everywhere.

Key Features of the LBR

The LBR has some great features, like the RESA platform, which makes registered info easy to get to. You can quickly look up company info online. Also, the LBR works in several languages, including French, German, Luxembourgish, and English, meeting different language needs.

Starting 31 March 2022, people like managers and directors must give their Luxembourg ID number when they sign up with the LBR. This shows the LBR’s effort to keep detailed records. Companies need to update their info fast to meet Luxembourg’s rules and avoid problems.

Requirements for Registering a Business in Luxembourg

To start a business in Luxembourg, you must understand several important legal steps. This section gives a detailed look at business structures, required papers, and money needed. This info helps entrepreneurs set up their business correctly in Luxembourg.

Legal Structure Options

Luxembourg offers different business models for various business sizes and types. Choices include Sole Proprietorship, Public Limited Company (SA), Limited Liability Company (SARL), and Simplified Limited Liability Company (SARL-S). Each model has its own rules and scales for operation. For example, an SA needs at least €30,000 to start, with €7,500 paid at the start. A SARL needs €12,000 fully paid from the get-go.

Necessary Documentation

Turning in the right paperwork is key for business registration in Luxembourg. Important documents are needed, like articles of association and business permits. Permits prove professional skills and a fixed business location in Luxembourg. These important documents can be in French, German, Luxembourgish, or English. Also, starting November 12, 2024, you need a Luxembourg National Identification Number (LNIN) to file with the RCS.

Minimum Capital Requirements

The money needed to start a company in Luxembourg changes with each business type. An SA needs at least €30,000, with €7,500 paid when starting. A SARL requires €12,000 fully paid in advance. The SARL-S gives more flexibility, needing only €1 to €12,000 to start.

Learning all about Luxembourg’s business types, registration papers, and capital needs is vital. It makes the registration smooth and successful.

Fees and Costs Associated with Registration

It’s important to know the costs when starting a business in Luxembourg. There are different types of expenses to consider for Luxembourg incorporation.

Breakdown of Registration Fees

Registration fees in Luxembourg vary. They depend on what’s being registered. For example, leasing contracts cost EUR 12 to register. There’s also a EUR 75 fee for registering non-trading or commercial companies. The price for a “Certificate of Trade Name Availability” is between EUR 4.75 and EUR 10.

The amount of start-up money needed depends on the company type. It ranges from EUR 1 to EUR 12,000 for a SARL-S, hits EUR 12,000 for a SARL, and goes up to EUR 30,000 for an SA. The notary’s fee for setting up a SARL or SA is between EUR 1,800 and EUR 3,000. This fee includes the cost to register with the Luxembourg Trade and Companies Register (RCS).

Additional Ongoing Costs

After starting, businesses in Luxembourg face ongoing expenses. One key fee is EUR 50 for a business permit. Companies also face costs like communal surcharges, which are 3% for certain properties in Luxembourg City. These expenses can grow when you add rent, utilities, and other office costs.

Comparing Costs with Other Countries

Luxembourg’s registration costs are competitive internationally. The yearly ongoing expenses, around EUR 2,500, are fairly low compared to other European countries. Luxembourg’s good economy and business benefits also attract international companies. Despite an initial setup cost of around EUR 13,600, this covers many necessary services like company setup, a corporate bank account, and government fees.

How to Navigate the Registration Process

Registering your business online in Luxembourg is easy if you know the steps. The MyGuichet platform lets you do it from home, taking 1 to 4 weeks. Here’s what you need to know to register your business online in Luxembourg without trouble.

Online Registration Steps

Start by picking a unique business name that follows Luxembourg’s rules. After checking the name, book it, write the incorporation deed, and get the articles of association ready. These need to be notarized next. Then, collect all needed documents like shareholder info, proof of minimum capital (€12,000 for an SARL), and ID documents. You must submit these with your application to the Trade and Companies Register (RCS). Then, apply for a business permit and open a corporate bank account, making sure you have all necessary certificates and proofs of address.

Tips for a Smooth Application

Making sure everything is correct is key for an easy company setup in Luxembourg. Always double-check your documents before submitting them to avoid any hold-ups. A notary can help with drafting and notarizing documents. It’s also smart to consider getting professional advice. Being well-prepared and organized makes the process faster and avoids common errors. Plus, Luxembourg has services to help with setting up bank accounts, accounting, and registering intellectual property to make starting your company easier.

Common Mistakes to Avoid

There are errors that can slow down your business registration in Luxembourg. These include turning in wrong or incomplete paperwork, not checking if the business name is unique, and missing capital requirements. To steer clear of these, be careful and consider getting help from experts. Picking the right type of business, like SARL or SA, matters too, depending on what it needs and how much capital it should have. Being detailed and ready improves the efficiency of starting your business in Luxembourg.

FAQ

What is the Luxembourg Business Register?

The Luxembourg Business Register (LBR) holds all company info in Luxembourg. The Luxembourg Business Registers manages it to promote transparency and legality among corporations. This register makes it easy to access company details in the country.

Why is the LBR important for businesses?

The LBR plays a key role by ensuring businesses in Luxembourg are transparent and follow the law. It is a public resource that holds important company details. This includes their legal form, size, and industry, which supports openness in operations.

What are the key features of the LBR?

The LBR is known for being a public source of company info. It connects smoothly with other EU business registers. Run by the Luxembourg Business Registers, it also has the RESA publication platform and upholds company compliance and transparency.

What legal structure options are available for registering a business in Luxembourg?

You can pick from different legal formats to register your business in Luxembourg. Options include SARL (Private Limited Company), SA (Public Limited Company), partnerships, and cooperatives. Each is suited to various business needs and sizes.

What documentation is necessary for registering a business?

Key documents needed are the articles of association and business permits. The exact paperwork depends on your business’s legal structure.

What are the minimum capital requirements for different business structures?

Each business type has its own capital needs. For a SARL, you need about €12,000. An SA needs at least €31,000.

What are the costs associated with registering a business in Luxembourg?

The first year of setting up includes costs close to €13,600. This covers setting up the company, starting a corporate bank account, and government fees. Later, you’ll spend about €2,500 yearly on notarial fees, government charges, and other running costs.

How do registration costs in Luxembourg compare to those in other countries?

Luxembourg’s fees for starting a business are quite competitive. Its stable economy and business benefits make it a desirable place for companies.

What are the steps for online registration?

Online business setup is through MyGuichet. You’ll submit an application, send in required documents, and complete the setup. This can take 1 to 4 weeks, depending on your business details and document accuracy.

What tips can ensure a smooth application process?

For a smooth application, ensure all your documents are correct and full. Avoid errors in paperwork and get professional advice to efficiently manage the process.

What are some common mistakes to avoid during business registration?

Avoid errors like wrong or incomplete paperwork, not choosing the right legal structure, and missing the capital needs. Paying attention to these points helps prevent delays and issues.