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Open a Bank Account in Luxembourg
$1,900.00
Luxembourg is the smallest country in the European Union with a population of about 510,000 in an area of 2,586 square kilometres. Luxembourg is an international financial centre located at the heart of Europe. Apart from a high-income market economy, low inflation, and a high innovation levels, the country also boasts a a cash-rich economy that ensures the banking sector is well funded
Building on its strong track record of openness, stability and agility, Luxembourg is also becoming a key location for e-commerce, e-payment institutions and FinTechs directly linked to financial services. The open and constructive dialogue between the relevant players (public, private and supervisory) ensures that Luxembourg continues to be an attractive and secure place to do business.
We can help you open business and personal accounts in Luxembourg. Accounts are available for both Luxembourg and foreign companies, and non-resident individuals. We invite you to carefully review the requirements and services to better understand if their banking services meet your needs.
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Luxembourg Bank (East-West United Bank)
Account Details
| Eligibility | Luxembourg Companies Non-Resident Companies |
| Account type and Currency | Corporate Current Account (USD, EUR, GBP, RUB, CHF) |
| Minimum Initial Deposit | N/A* |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | N/A |
| Online Banking | Internet Banking (Web) |
| Cards (Currency) | Debit and Credit Cards |
| Other Services | Money Market & Investment Products Corporate Lending Trade Finance Securities Brokerage |
Remote opening: no personal visit to Luxembourg is required
* There are no minimum initial deposits/average balance requirements provided that the company is active and there are on average 30 monthly outgoing payments. In case the number of payments is less than the threshold, a minimum initial and ongoing deposit may be required.
Companies incorporated in tax-neutral jurisdictions (such as BVI, Cayman Islands, etc..) may be eligible on a case-by-case basis.
Account Details
| Eligibility | International Individuals |
| Account type and Currency | Private Account (USD, EUR, GBP, RUB, CHF) |
| Minimum Initial Deposit | EUR 500,000 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | EUR 500,000 |
| Online Banking | Internet Banking (Web) |
| Cards (Currency) | Credit Cards |
| Other Services | References to leading tax and legal experts Asset Management Brokerage & Custodies Services |
Remote opening: no personal visit to Luxembourg is required
- Business Account
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Account Details
Eligibility Luxembourg Companies
Non-Resident CompaniesAccount type and Currency Corporate Current Account (USD, EUR, GBP, RUB, CHF) Minimum Initial Deposit N/A* Minimum Monthly Average Balance (To Avoid Fall-Below Fee) N/A Online Banking Internet Banking (Web) Cards (Currency) Debit and Credit Cards Other Services Money Market & Investment Products
Corporate Lending
Trade Finance
Securities BrokerageRemote opening: no personal visit to Luxembourg is required
* There are no minimum initial deposits/average balance requirements provided that the company is active and there are on average 30 monthly outgoing payments. In case the number of payments is less than the threshold, a minimum initial and ongoing deposit may be required.
Companies incorporated in tax-neutral jurisdictions (such as BVI, Cayman Islands, etc..) may be eligible on a case-by-case basis.
- Private Account
-
Account Details
Eligibility International Individuals Account type and Currency Private Account (USD, EUR, GBP, RUB, CHF) Minimum Initial Deposit EUR 500,000 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) EUR 500,000 Online Banking Internet Banking (Web) Cards (Currency) Credit Cards Other Services References to leading tax and legal experts
Asset Management
Brokerage & Custodies ServicesRemote opening: no personal visit to Luxembourg is required
Our banking support services include introductions to payment processors and merchant accounts to better support our e-commerce clients. Whether you just need standard credit card processing or specialized services for high-risk processing, we are happy to help you with introductions that can empower your business.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is guaranteed if the account is not successfully opened, but a 15% administrative fee applies.