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Sectoral Restrictions

What are the conditions or restrictions on establishing a business in specific industry sectors? Are there industry sectors in which it is not permitted to establish a business?


Commercial, craft or industrial activities are subject to a business license (see Question 4).

Any business which is related to the financial sector (banks, professionals of the financial sectors) requires the prior approval of the Finance Ministry.

Insurance companies must obtain the prior authorisation from the Insurance sector supervisory authority, the Commissariat aux Assurances.

Are there any restrictions on foreign shareholders?


There exists no restriction on foreign shareholders.


Are there any exchange control or currency régulations?


There exists no regulation on exchange control or currency.


Are there restrictions on foreign ownership or occupation of real estate, or on foreign guarantees or security for ownership or occupation?


There is no such restriction in Luxembourg.

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