Canada    FinTech Guide    Chapter 10    Luxembourg

10. Accounting
Luxembourg  Luxembourg

The social and political climate towards FinTechs in the business area of “Accounting” is positive.

Legal Affairs

In order to operate as an accountant, when no accountant advice is provided, business managers must have a business permit, no supervision by the CSSF is required.

The business permit is granted to the business (either the professional operating under his/her own name, or the company he/she runs) if the business manager meets the legal requirements in terms of qualification and professional integrity and the business has a fixed physical establishment in Luxembourg (no so-called 'letterbox companies').

In that respect, the CEO expertise will be taken into account.

As regards the minimum share capital requirements, those for an incorporation of standard company apply (EUR 12,000 for an SARL and EUR 31,000 for an S.A.). Costs of incorporation are around EUR 2,000.

Economic Conditions

Very important because of the financial center (banks and investment funds)..


If the company provides accounting services, only members of the Ordre des Experts-Comptables are authorized by law to bear the title of certified public accountant and to practise this profession in Luxembourg.

For that purpose, after having obtained their business permit, certified public accountants must register with the Ordre des Experts-Comptables (compulsory).

Contributing Authors

Felten & Associes

Bernard Felten

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Chapter Index:

1. Payment Services / Mobile Payment

2. Asset and Portfolio Management

3. Consulting and Broking Services / Robo-advisory / Auto-trading

4. Trading Platforms / Social Trading Platforms / Signal Following

5. Crowdfunding / Crowdinvesting / Crowdlending

6. Virtual Currency - Bitcoin

7. Loan Services / Factoring / Loan Broking / Finetrading

8. Online Banking Services

9. Analytics and Research / Data Management / Risk Management

10. Accounting

11. Identification

12. Online-pawning

13. InsurTech

14. RegTech

15. Initial Coin Offerings (ICOs)

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Publication Date: 1 May 2018