Start by outlining your business idea, target market, and services. A solid business plan will help you determine your goals, required capital, and potential challenges.
Selecting an appropriate legal structure is critical. Options include forming a sole proprietorship, SARL‑S (Simplified Limited Liability Company), or another suitable entity. Each structure has its own benefits regarding liability, tax efficiency, and administrative complexity.
Register your company with the Luxembourg Trade and Companies Register. This step involves preparing your legal documents, such as Articles of Association and registration forms, ensuring that you meet all compliance requirements.
Familiarize yourself with Luxembourg’s tax obligations and accounting standards. Whether it’s VAT registration, corporate tax filing, or maintaining accurate bookkeeping records, understanding these rules is essential for legal compliance and smooth operations.
Establish a professional business infrastructure by opening a business bank account, setting up a dedicated office space or coworking membership, and investing in necessary technology and software to manage your operations effectively.
As a self-employed professional, you are responsible for your own social security contributions and health insurance. Ensure that you register with the relevant social security authorities and choose a suitable health insurance plan.
Consider partnering with a service provider for continuous support. Professional assistance in areas such as tax advisory, payroll management, and compliance monitoring can help you focus on growing your business while staying compliant.