This newly enacted legislation aligns with Directive (EU) 2019/1151 and focusses on the integration of digital tools and processes within company law, representing a significant step forward in simplifying the incorporation of companies and the opening of branches in other EU member states, through an online notarial process.

We plan on monitoring whether or not this development will have a substantial impact on the incorporation/formation of Luxembourg entities and shall provide an update early next year.

Our detailed article on this matter can be found here.

Luxembourg’s Law No. 7968 can be found here and the Directive (EU) 2019/1151 can be accessed here.