In Luxembourg, all business entities are required to prepare full annual accounts including a balance sheet, a profit and loss account and notes to the annual accounts. However, it is optional for Non-listed small sized entities to file abbreviated annual accounts
YourGlobalPro professionals can assist you with the entire bookkeeping and accounting services for your Luxembourg Business Set up as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.
In Luxembourg, the entities must have their annual accounts audited by one or more approved statutory auditors and members. All audit firms are required to carry out audits and express an opinion on the consolidated annual accounts as per the International Standards on Auditing (ISAs) as adopted for Luxembourg by the Commission de Surveillence du Secteur Financier (CSSF).
Based on the size of the business – the companies are required to prepare and file financial statements with the Authority. YourGlobalPro professionals provide auditing services for business as required.
The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening. The major banks in Luxembourg are Deutsche Bank, CACEIS Bank, BCEE, Societe Generale, BGL BNP Paribas, BIL, UniCredit. In Luxembourg, there are 79 foreign-controlled banks from 23 countries and 19 domestic banks. All banks are stable, reliable and offer the same level of services.
YourGlobalPro professionals can facilitates all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Luxembourg.