Business in Luxembourg. Entering the Luxembourg Market
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Save your business tens of thousands of dollars
when entering the Luxembourg market
Save your business tens of thousands of dollars
when entering the Luxembourg market
General information
Population
640 064 people Official language
Luxembourgish, German, and English Main religion
Catholicism Currency
Euro Time zone
UTC+1 Economy of Luxembourg
GDP per capita
133 590 USD Economic growth
2% Unemployment
4,8% Inflation
3,3% Investment inflow
-9,05 billion USD Business in Luxembourg
Popular type of legal entity
Société à responsabilité limitée (SARL) Minimum number of shareholders
1 Company registration period
1-2 weeks Minimum share capital
12 000 EURO Restrictions for foreigners on starting a business
No A local director is required?
НNo, but at least one director must be appointed who is a resident of the European Economic Area (EEA) or Switzerland Corporate tax
25% VAT
17% and reduced rates of 8% and 3% for certain goods and services Advantages and disadvantages
Advantages
strategic location, stable political environment, favorable tax system, skilled workforce, strong financial sector, and multilingual population Disadvantages
high cost of living, limited local market, competition for talent, complex regulatory framework, dependence on external markets, and limited space for expansion