Setting up a company is a process that requires very careful planning. Before getting started, having a business permit is usually a requirement, while you are required to register with the Social Security Centre (Centre commun de la Sécurité sociale or CCSS) and you imperatively need a VAT number from the tax administration known as the Administration de l'enregistrement et des domaines.
There are several institutions and websites to guide you in your efforts, namely the Business Portal ("portail Entreprises") at guichet.lu, the Chamber of Commerce (Chambre de Commerce), the Chamber of Trades (Chambre des Métiers) and Luxinnovation.
guichet.lu, the online contact point for individuals and businesses
The Business Portal at guichet.lu provides you with the necessary information and guides you through the administrative procedures for setting up a business.
In its pages on "Starting up & Development", the Business Portal outlines the various steps and procedures to follow. It is a go-to tool for anyone setting up a business. It suggests matters to consider before starting a business and provides specific information on: how to access professions/obtain business permits;
legal forms of businesses;
setting up and registering a business;
initial declarations with the tax authorities and the social security administration...
myStart is a joint platform of the Luxembourg Government, the Chamber of Commerce, the Chamber of Trades and their partners. Its aim is to assist you in setting up your own business or taking over and developing an existing business.
myStart suggests initiatives that will assist you in designing your business plan and guides you through the administrative procedures, so that you can focus on what is essential: your business.
Creation of innovative businesses
Luxinnovation , the National Agency for the Promotion of Innovation and Research, provides a one-stop shop for the creation of innovative businesses. The agency provides information for those establishing innovative businesses with regard to financing, administrative formalities, premises (business incubators) and ways of finding partners.
The S.à.r.l.-S company (simplified limited liability company)
The S.à.r.l.- S company was introduced in January 2017. It allows entrepreneurs who want to start their own business to open their own in Luxembourg. It differs from the conventional S.à.r.l. company in several ways, including for example the fact that it may be set up by private deed. Private limited liability companies (S.àr.l.) differ from self-employment, which was previously the only scheme available for start-up capitals of less than 12,000 euros, since they dissociate business assets from the entrepreneur's own assets.
Starting a craft activity
The Business contact team at the Chamber of Trades provides help to entrepreneurs and craftsmen who are starting up a business or already working. The advice and assistance services offered are free and it is not necessary to be affiliated to the Chamber of Trades to benefit from them.
For more information, see the "Ma Création d'Entreprise" (setting up my business) page on the website of the Chamber of Trades.