Company Incorporation in Luxembourg & Bank Account Opening Requirements

1. Luxembourg Company Incorporation Requirements

  • Common company types: SARL (Private Limited Company) or SA (Public Limited Company).
  • Minimum 1 shareholder for SARL (up to 100); minimum 1 shareholder for SA.
  • Minimum 1 director/manager; no residency requirement, but local substance is strongly recommended.
  • Registered office address in Luxembourg.
  • Company name approval with Luxembourg Trade and Companies Register (RCS).
  • Minimum share capital: EUR 12,000 for SARL; EUR 30,000 for SA (at least 25% paid-up).
  • Articles of Association executed before a Luxembourg notary.
  • Registration with the Trade and Companies Register (RCS).
  • Business license (autorisation d’établissement) for regulated or commercial activities.

Required Documents for Incorporation

  • Passport copies of shareholders and directors/managers.
  • Proof of residential address.
  • Company name options.
  • Business activity description.
  • Shareholding structure details.
  • Articles of Association.
  • Power of Attorney (if using a local fiduciary or law firm).

2. Bank Account Opening Requirements in Luxembourg

  • Capital deposit account required prior to incorporation.
  • Physical presence of directors or beneficial owners often required.
  • Completed bank application forms.
  • Notarized incorporation documents and RCS extract.
  • Board resolution authorizing the opening of the bank account.
  • Clear explanation of business activities and economic substance.
  • Strict KYC/AML checks including source of funds and source of wealth.
  • Minimum deposit varies depending on bank and business profile.

Documents Typically Required by Banks

  • Extract from Luxembourg Trade and Companies Register (RCS).
  • Articles of Association.
  • Notarized incorporation deed.
  • Directors’ and shareholders’ passports.
  • Proof of residential address.
  • Board resolution.
  • Business plan and financial projections.
  • Contracts or proof of counterparties.
  • Source of funds and source of wealth documentation.
  • Ultimate Beneficial Owner (UBO) declaration.