One of the European countries recommended for incorporate a company is Luxembourg, a EU member and one of the safest states, due to its economic and political stability during the recent years. Foreign investors are encouraged to open companies due to the attractive tax system in one of the major financial centers of Europe, where many international companies have opened offices in the recent years.
Luxembourg has signed a lot of double taxation avoidance treaties, which is very important for foreign entrepreneurs who can avoid the double taxation and lower the costs for their business. According to the laws in Luxembourg, there are many tax benefits for foreign investors and you can extend your business also in other European countries, because Luxembourg is very well connected to other states.
Types of companies you can open in Luxembourg
After you decide to start a business in Luxembourg, you have to choose the type of company to incorporate. There are six types of firms you may start in Luxembourg and the most common of them is the limited liability company or societe a responsabilite limitee (SARL).
Other type of companies you may incorporate are: societe en nom collectif, societe en commandite simple, societe anonyme, societe en commandite par actions and societe cooperative.
The main steps for company registration in Luxembourg are: check, at the Trade Register, the name you want to have for your company, open a bank account, draft the articles of association, obtain a business license and a registration number and, after the procedure is finished, you will obtain the releasing of the bank account.
The incorporation procedure lasts nearly 10 days, if you have all the necessary documents. If you need more information about the economic environment in Luxembourg and the incentives offered to foreign entrepreneurs, you may contact our local lawyers who offer a wide range of legal services for international clients interested in doing business in this country. You will also find out some useful tips about company formation at http://www.lawyers-