Why a bank account?

If you plan to open a company or to live in Luxembourg, it will be necessary to open a bank account at a Luxembourg agency. If this operation for a long time was easy, today is no longer the case. The great strength of the Luxembourg banking system is its simplicity and the extended possibilities offered by online services of banks.

There are two distinct areas in banks: The Retail banks and investment banks

The Retail Bank

It's the everyday bank that will be able to attend daily for current operations. It primarily addresses itself to standard customers. It will also take care of current accounts for SOHO type of companies.
The major players in this sector are BGL BNP Paribas, BIL, Raiffeisen, La Poste, La Spuerkees, ING etc ...
Our company favored good working relationship with the BGL BNP Paribas.

To open a bank account, a lot of information will be required, to know: your marital status, your business, your assets, etc... Banks need a great transparency on the information.
Cash deposits are limited to 10,000 euro without supporting evidence. Beyond this sum, source's proof of funds will be systematically requested.

The Private Banking

The Private banking is primarily for a high-end clientele. It essentially offers wealth management solutions, investment, and succession organization. All this is accompanied by a high customer service quality, monitoring and availability. Wealth management is a Profession!
Let it be said, this type of bank is not for the common man. Minimum deposit are quite significant in the order of 500,000 euro.

In this sector, there is a large number of bank like BNP Paribas Private Banker, KBL, BDL, Degroof, Barclays etc...

Our assistance

Thanks to our excellent relationship with several banks, we will arrange to assist you in order to facilitate the opening of your account. For efficiency, we will collect upstream all the required documents and prepare the papers with the bank for signing. Do not hesitate to contact us for further information.