Corporate Bank Accounts in Luxembourg
Opening a corporate bank account is a critical step after forming or acquiring a company in Luxembourg. ShelfCompanies24 has established strong relationships with major Luxembourgish banks and assists clients with the entire account opening process.
Major Banks in Luxembourg
We work with the following banks and financial institutions in Luxembourg:
- BGL BNP Paribas, Banque de Luxembourg, ING Luxembourg, Société Générale Luxembourg
Major EU financial center. 120+ banks from 25 countries. Leading fund administration center.
Account Opening Process
- Bank selection — Based on your business type, expected transaction volume, and currency requirements, we recommend the most suitable bank.
- Document preparation — We help prepare all required documentation including corporate documents, business plan summary, and compliance materials.
- Application submission — We submit the account application to the selected bank on your behalf.
- Compliance review — The bank conducts its KYC/AML due diligence checks.
- Account activation — Once approved, you receive account details, online banking credentials, and payment cards.
Required Documents
- Certificate of incorporation
- Articles of association
- Register of directors and shareholders
- Passport copies of all directors and beneficial owners
- Proof of address for all directors and beneficial owners
- Description of business activities and expected turnover
- Source of funds documentation
Account Features
| Feature |
Details |
| Currency |
EUR (Euro) + multi-currency options available |
| Online Banking |
Available with most banks |
| Debit/Credit Cards |
Corporate cards available |
| SEPA Transfers |
Luxembourg banks support SEPA payments |
| International Transfers |
SWIFT transfers worldwide |
For assistance with opening a corporate bank account in Luxembourg, please contact our consultants.
Related Services in Luxembourg
Frequently Asked Questions
Which banks can I open an account with in Luxembourg?
We work with major banks in Luxembourg including BGL BNP Paribas, Banque de Luxembourg, ING Luxembourg, Société Générale Luxembourg. We recommend the best bank based on your business needs.
Can I open a bank account in Luxembourg remotely?
Remote account opening depends on the bank’s policy. Some Luxembourgish banks allow remote opening while others require a personal visit. Our team advises on the best approach.
What documents are needed to open a corporate bank account in Luxembourg?
You will need the company’s incorporation documents, passports and proof of address for directors and beneficial owners, and a description of business activities.
How long does it take to open a business bank account in Luxembourg?
The account opening process in Luxembourg typically takes 1-4 weeks depending on the bank and the complexity of the corporate structure.
Content prepared by Julia Thompson, Corporate Client Service Specialist at ShelfCompanies24. Graduate of Faculty of Law at Jagielonian University and College of Law at Florida State University. Approved by Tomasz Bielski, Managing Director.
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