FIDUCIARY
LUXEMBOURG - PARIS - GENÈVE
Luxembourg law now enforces strict rules on late payments between businesses, setting a 30-day due date and automatic interest charges. The law also provides a fixed fee of EUR 40 for recovery costs. This article explains the rules and helpful practical tips.
A Luxembourg civil company enables several parties to jointly manage real estate (SCI) or movable property under a flexible, non-commercial structure. Formation is straightforward, costs are low, and restrictions apply primarily to commercial activities, requiring prudent management within a civil framework.
To set up a professional activity (commerce, craftsmanship, services, industry…) in Luxembourg, it is mandatory to be in possession of a business license, also called authorization of establishment.
Previously, the managers of a bankrupt company were de facto definitively deprived of any possibility of obtaining a new business license, and therefore of being able to create or manage a Luxembourg company again. After the Covid crisis, the legislator however wanted to open the way to a ...
With the new law on non-profit Organization and foundations1, Luxembourg is taking a decisive step in the development of its associative sector. This legislation, which thoroughly revises the regulatory framework for Non-Profit Associations (ASBL) and foundations, is much more than a simple ...
List of mandatory information on company letterhead
Setting up a business requires designating an address as head office. This choice is not to be taken lightly because Luxembourg law regulates where businesses can be registered. In principle, the head office of a business is located where its main establishment is located1. For businesses ...
Unfortunately, companies can sometimes struggle to collect receivables from their sales or services. Can they charge late payment penalties or interest penalties when payment is overdue? The situation is different depending on whether the receivable comes from a professional transaction ...
There is no specific European law (European Directive or European Regulation) regarding franchise contracts. There is, however, a European Franchise Federation headquartered in Brussels which has established a code of good conduct for franchises. Generally, franchise contracts are fairly uniform ...
Companies applying for a business license must demonstrate that they have an adequate infrastructure to support the activity. The law specifies that the infrastructures necessary to the business activity include facilities and materials adapated to the type and the scale of the business ...
Expertise
Précis de droit comptable et aspects fiscaux
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG