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Company Act Luxembourg

Updated on Thursday 14th April 2016

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The Law concerning Commercial Companies 1915 is the main Company Act in Luxembourg. Subsequent amendments complete these legal documents and provide a regulatory framework for opening a company in Luxembourg.
 
The Company Law contains provisions for the incorporation and management of a company as well as a description of the available types of companies in Luxembourg. The Act also refers to the process of company merges and acquisitions as well as the transfers and the obligations for accounting and bookkeeping and annual financial reporting.
 

General provisions for Luxembourg companies

 
According to law, companies in Luxembourg are governed both by the existing legal provisions for commercial and civil law practices as well as specific agreements between the parties that participate in a commercial activity. The Luxembourg company law recognizes several types of commercial legal entities:
- the public company limited by shares;
- the corporate partnership limited by shares;
- the general partnership;
- the co-operative.
 
Branches of foreign companies can also be set up in Luxembourg and entrepreneurs can choose to open a liaison office or set up a sole trader if they want to work on their own.
 
Our company registration agents in Luxembourg can give you specific details about each type of legal entity and the legal requirements for incorporation and administration. 
 

Requirements for companies in Luxembourg

 
Company mergers are regulated by a special section of the Company Law. This action is described as the acquisition of one or more companies by another company and it can also occur when one of the targeted companies for the merger are under bankruptcy proceedings. Companies can also enter into division transactions.
 
The Luxembourg Company Law sets forth the required annual documents which are to be prepared and submitted by a commercial company. They include the consolidated accounts, the annual accounts, the consolidated management report, auditing for the consolidated accounts. Each commercial company must keep appropriate accounting books which will reflect the extent of that company’s activities. Sole proprietors in Luxembourg with an annual turnover of less than 100,000 EUR, no including the VAT, are exempt from keeping accounting books.
 
Our accountants can provide you with accounting services for your company in Luxembourg. We can also give you detailed information about other requirements for companies and our partner lawyers in Luxembourg can help you comply with the existing legal provisions.
 
The Company Act in Luxembourg has to be obeyed by all companies and entrepreneurs in the country. The activity of all companies in Luxembourg is observed and evaluated periodically and the company law cannot be broken by any circumstances.
 
No matter the country you choose to open a firm, you should know and respect the main local regulations. Our specialists will help you register a company in European countries, such as Poland, Italy, Hungary, Georgia, and if you need legal services in USA, we have an affliate law firm there.

 

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