Location Central Europe.
Time Zone Greenwich Mean Time +1.
Population +450,000.
Capital Luxembourg.
Airport One.
Language Luxembourgish, French, German.
Currency Euro.
Dialing Code +352.
Centre's Expertise Financial Services.
Political System Constitutional Monarchy under a system of parliamentary democracy.
Legal System Civil (roman) law.
Personal Income Tax 0% to 38.95%.
Corporate Income Tax Up to 28.80%.
Exchange Restrictions No.
Tax Treaties For full details, please go to
Permitted Currencies Any convertible currency.
Minimum Authorised Capital €12,500 (SARL) or €31,000(SA).
Minimum Share Issues 25% of capital for an SA. 100% of capital for an SARL.
Shelf Companies No.
Incorporation Time Scale Two days.
Incorporation Fees €5,700 (some costs min capital).
Annual Fees €7,500 (some costs min capital).
Minimum Number One.
Residency Requirements No.
Corporate Directors Yes.
Meetings/Frequency No.
Disclosure Yes, Nominee possible.
Bearer Shares SA: yes. SARL: no.
Minimum Number One.
Public Share Registry No.
Meetings Frequency One per year minimum.
Annual Return Yes.
Audit Requirements Yes, if two of the conditions are exceeded: average number of employees of 50; balance sheet total of €3,125,000; turnover of €6,250,000. SA requires a commissaire.
Registered Office Luxembourg.
Domicile Issues No.
Company Naming Restrictions Different from existing ones.
How Digitalisation Will Change Fund Distribution?
  The funds distribution supply chain is fragmented and opaque, but digitalisation offers a way forward. Digital collaboration with wealth managers and client advisors will be an important feature of this new world. (01/11/2018)
Luxembourg: Introducing the RAIF and major BEPS developments relevant to funds
  A year ago, the Luxembourg fund industry welcomed the Reserved Alternative Investment Fund (RAIF). The RAIF is governed by the law of 23 July 2016 (the RAIF Law) and more than 100 RAIFs have been set up since the law was passed. (18/09/2017)
The Changing Face of Luxembourg Finance
  Paolo Panico examines the evolution of Luxembourg's financial services offerings and how the jurisdiction has adapted to new international norms. (01/01/2016)
Luxembourg: Leading European Fund Center with Global Recognition
  Caroline Bormans and Marc Lenaers consider how Luxembourg has consolidated its postion as a leading European fund center. (01/06/2015)
Luxembourg: Financial Evolution with Global Reach
  Paolo Panico considers the reasons behind Luxembourg's evolution into one of the world's premier financial hubs. (01/09/2014)
Islamic Finance Securitisation in Luxembourg
  Vassiliyan Zanev examines the success of Luxembourg as an Islamic finance hub, with its flexible, tax efficient regime and significant number of Shari’a vehicles incorporated in the jurisdiction. (01/12/2013)
A Fresh Look at Luxembourg
  Francis N Hoogewerf examines how Luxembourg has adapted to international regulatory developments enabling it to remain a premier financial destination for many years to come. (01/01/2013)
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  Luxembourg Tax Treaties
  Luxembourg currently has 80 Double Tax Agreements in place. - read more...
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