The Grand Duchy of Luxembourg is an important jurisdiction for finance, insurance, holding, trust and other types of company, due to its extremely advantageous location (on the borders of Belgium, Germany and France) and its progressive banking legislation (more than 200 banks are registered in this territorially small state!). Since 1948, Luxembourg has had a customs and economic agreement with Belgium and the Netherlands (Benelux); since 1957 it is a member state of the EU. Luxembourg enjoys the highest standard of living in the world - the average annual per capita income is more than USD 35,000.
| GENERAL INFORMATION | Total area - 2,585 sq km
Population - 437,000
Location - click here to see the map of offshore jurisdictions
Political status - Constitutional Monarchy
Capital - Luxembourg
Official language - German, French
Official currency - Euro (EUR)
Time zone - GMT + 1 |
| Company type | S.A., Societe Anonyme |
| Directors/Officers | Luxembourg S.A. companies require a minimum of 3 Directors, who may be natural persons from any legal jurisdiction.
There is no statutory requirement for a Company Secretary to be appointed.
Each Luxembourg S.A. company must file a Register of its Directors with the Register of Enterprises of Luxembourg. |
| Shareholders | Luxembourg S.A. companies require a minimum of 2 shareholders, who may be natural persons or corporate bodies from any legal jurisdiction.
Each Luxembourg S.A. company must file a Register of its Shareholder/s with the Register of Enterprises of Luxembourg. |
| Authorised share capital | Standard authorised capital = EUR 31,000.
The abovementioned amount must be fully paid at the moment of incorporation. |
| Company Names | The name of Luxembourg S.A. company must end with the words "Societe Anonyme" or suffixes such as "S.A.", "AG".
Company names containing restricted words such as "Bank", "Insurance", "Trust", etc. will not be permitted unless an appropriate national operating licence has been obtained by the company. |
| Beneficial Ownership information | Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company in Luxembourg and is held by the agent on a confidential basis. |
| Filing of Annual Return | There is no requirement to file an Annual Return. |
| Filing of Financial Statement | Financial Statement must be submitted to the Luxembourg Tax Authorities each year. |
| Corporate Taxation | Corporate tax rate for Luxembourg holding companies is 0%; only a fixed rate - 0,2% of company total assets must be paid annually. |
| Tax Treaties | Luxembourg holding companies (1929 Holding Company) are not regarded as resident for tax purposes in Luxembourg and therefore are not entitled to take advantage of International Double Taxation agreements concluded by Luxembourg with other countries. |
| Timeframe for incorporation | 24/28 working days. A complete set of company documents can be delivered in 12/16 weeks. |
| Takeover of management & secretarial services for an existing Luxembourg S.A. company | Possible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Luxembourg. |
| "Ready-made"("Shelf") companies | We are happy to register new company in this jurisdiction in accordance with client instructions. |
| Price of Luxembourg S.A. company | Not less then USD 12,780 (basic cost)*, including incorporation costs, full domiciliary (Registered Agent/Office) costs, advertising in local newspaper, annual Government Duty, Nominee services and legal support services for one year. |
| Cost of annual support services | Not less then USD 9,480 (basic cost)* per year, including full domiciliary (Registered Agent/Office) costs, annual Government Duty, Nominee services and legal support services for each year. |
