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Open a Bank Account in Luxembourg

Banks operating in Luxembourg are among the leading institutions in the European financial services market. Local institutions guarantee:

  • the highest level of security;
  • comprehensive client services;
  • reasonable service fees;
  • flexible account opening requirements;
  • favorable investment conditions.

It is no surprise that Luxembourg attracts many clients — both large legal entities and small private enterprises can open an account here for business operations or personal use.

Steps

01

Choosing a Bank in Luxembourg

The first step is to select a suitable bank. Reliability, fees, and the bank’s client preferences should be considered. It is advisable to submit applications to several banks at once to increase the chances of approval.

02

Preparing Documents

You must prepare the company’s incorporation documents, considering validity periods and notarization requirements, personal documents of company participants, and complete the bank’s forms. Properly completing the forms and presenting information plays a crucial role.

03

Submitting the Application

After preparing all the documents, they must be submitted to the bank. During the review process, the bank may request additional information or documents. These must be provided promptly and accurately. In some cases, application review may be subject to a fee, which must be paid when applying.

04

Undergoing Verification

Typically, banks require visiting their office in person for verification of company representatives.

05

Receiving Account Details and Access

If the account opening is successful, the bank assigns account details and provides access credentials. To fully activate the account, it may be necessary to promptly deposit the minimum required funds, from which an account opening fee (if applicable) may be deducted.

Opening a Bank Account in Luxembourg: Key Features

For a non-resident to start working with a financial institution, in most cases, proof of solvency is required. Therefore, before opening a bank account in Luxembourg, it is important to check in advance the minimum deposit requirements. In some institutions, this amount may reach several hundred thousand euros. Most banks also apply fees for the following services:

  • fees for incoming and outgoing transactions;
  • annual or monthly maintenance fees;
  • fees for document preparation and handling requests.

Opening a bank account in Luxembourg always requires preparing a set of documents confirming the legality of business activities. The list of requirements may vary, but typically includes:

  • Documents confirming the identity and residence of directors and account managers.
  • Corporate and registration documents for the legal entity, and a business description in free form.
  • References from other banks.

To ensure mutually beneficial cooperation, many Luxembourg banks also offer additional services related to investments in foreign and cryptocurrencies. Some institutions provide loans to regular clients and convenient features such as online banking.

How to Open a Bank Account in Luxembourg Profitably

Luxembourg has over 200 financial institutions, with the most popular being:

Our company collaborates with major banks in Luxembourg, and we are ready to recommend the most suitable option for your business. To determine which institution best fits your needs, please submit an online application to our experts. 

Free initial consultation on legal issues, related to the daily activities of the business

Additional services

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Frequently Asked Questions:

To open an account in Luxembourg banks, it is necessary to complete and submit banking KYC and AML forms, company incorporation documents, and personal documents of directors and beneficiaries. The bank may additionally request contracts with partners and other information. For a successful account opening, key individuals must pass verification.

The choice of bank should be based on the company’s country of incorporation, type of activity, the need for substance, and whether the company has it. To select the most optimal option for your company, please consult our specialists.

Luxembourg banks consider non-resident companies for account opening, but having a local participant in the company structure significantly increases the chances of approval.

A non-resident can open an account in Luxembourg banks only by visiting the bank in person.

Contact
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+85281926676

info@incluence.net

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