Open an account with a bank in Luxembourg

Crystal TAX helps you open a bank account in Luxembourg: a full range of legal services 

Luxembourg belongs to the dwarf states of Europe, and is popular for its steadily developing financial system and good conditions for doing business. Even non-residents of the country can open an account in Luxembourg. Everything you need – is to prepare the relevant documents and go through the procedure. The law firm Crystal TAX and its experienced staff will help you with these tasks.

How to choose a financial institution and open a bank account in Luxembourg?

Luxembourg has a reliable data protection system, thanks to which all banking institutions are developed and with high security indicators. Opening a bank account in Luxembourg can be done in state-owned banks, in banks with a long history. There are also special banks with savings programs. Bank accounts can be free or have a low monthly fee, depending on the financial features of the account.

Our specialists advise on the choice of a banking institution:

• tell in detail about the services of all banks;
• inform about the conditions for opening accounts in each of them.

We will also help you prepare basic and additional documents according to the requirements of a banking institution.

What are the features of the procedure for opening an account in Luxembourg?

For individuals, the procedure for issuing an account is simple – a package of basic documents and their registration in the bank system. This includes a passport, any proof of address in Denmark, an employment contract from the place of work and a tax number.

While for legal entities it is important:

• be legally registered in Luxembourg, in full compliance with legal business regulations;
• open an account in Luxembourg immediately upon registration of the company to deposit the authorized capital;
• compliance according to the principles of AML, combating the financing of terrorism.

For compliance, you will need statutory documents, documents with the structure of a legal entity indicating the beneficiary, and reference data about the – its activities, contractors, volumes of operations.

The procedure takes within 10 working days, and with the help of our specialists and the preparation of the entire set of documents, all due diligence checks will be carried out in an accelerated mode.

At the same time, for residents of the European Union, registration takes place in a simple format. If you are citizens of Ukraine and do not have residency in a European country, then the procedure will consist of additional steps. Therefore, use qualified support to go through everything correctly and without unnecessary difficulties.

Luxembourg: open an account with legal assistance

Crystal TAX provides competent assistance in completing the procedure for issuing turnkey bank accounts. We cooperate with individuals and legal entities and analyze the client's situation in detail in order to recommend the best solution.

You can use our services:

• consulting on opening accounts in Luxembourg and doing business;
• informing about the choice of bank;
• documentation for banks in accordance with the requirements of the institution;
• accompanying a lawyer at all stages of the procedure and negotiations with bank employees.

Opening an account in Luxembourg with Crystal TAX – it is security in registration and prompt solution of all legal problems. Our clients register with minimal risk of being rejected by the bank, since Crystal TAX lawyers are aware of the law and always monitor the latest innovations in the field of business and account opening.