Set Up a Company for Real Estate Activities in Luxembourg
Set Up a Company for Real Estate Activities in LuxembourgUpdated on Friday 14th December 2018
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Foreign enterprisers will to set up businesses in other industries than the financial one, have serval choices, as the Luxembourg government has made considerable efforts to create a suitable business environment for all economic sectors. One of the best industries to invest in Luxembourg is real estate, as properties will represent a steady income source, especially when rented.
Investors can set up real estate agencies in Luxembourg, through which they can perform various activities. Our law firm in Luxembourg can offer information on the legislation related to selling, buying or renting real estate in the Grand Duchy.
Activities undertaken in the real estate industry in Luxembourg
Both local and foreign enterprisers who want to start a business in real estate can carry out one of the following activities:
- - act as a real estate agent;
- - act as a real estate developer;
- - act as property manager;
- - enter a local co-owners’ association.
The first three types of activities imply registering a company in Luxembourg. Our lawyers in Luxembourg can help with the registration of a company for real estate activities.
How to become a real estate agent in Luxembourg
Real estate activities in Luxembourg are regulated by Law No. 2 in the Civil Code which was issued in September 2011. Under this law, real estate agents, developers and property managers must obtain a license with the Ministry for the Economy in Luxembourg.
These must have at least a vocational diploma obtained with a school in Luxembourg, or 3 years of experience in the real estate field in Luxembourg or any other EU country. International certifications are also acknowledged by the ministry.
The courses for becoming a real estate agent in Luxembourg is organized by the Chamber of Commerce.
Once they have obtained the license to operate, real estate agents must conclude an insurance policy contract. They can also register with the Luxembourg Real Estate Association in order to gain more visibility and credibility.
For full information on how to start a business for undertaking real estate activities you can rely on our Luxembourg lawyers. Do not hesitate to contact us if you need assistance in choosing the right type of structure and registering it with the Trade Registrar.