What is the difference between voluntary and judicial liquidation?
Voluntary liquidation is initiated by shareholders, while judicial liquidation is ordered by a court due to insolvency.
Can I opt for simplified liquidation?
Yes, if your company meets certain conditions such as having no employees, no litigation, and limited creditors.
How long does liquidation take?
It varies from 3 months (simplified) to over 18 months (judicial).
Do I need a liquidator?
Yes, Luxembourg law requires appointing a liquidator to oversee the process.
What happens to company debts after liquidation?
All debts must be settled before closure; otherwise, liquidation cannot be finalised.