Starting a Business Presentation

8/22/2019 Starting a Business Presentation

1/22

Starting a business inLuxembourg:

How Chamber of Commerce can helpyou

Chamber of Commerce - October 28th, 2004

Grard EischenTom Theves


2/22

About Chamber of Commerce

Established since 1841

Representing the following sectors Industry

Commerce and retailers

Banking and insurance sector

Restaurant, cafes, hotels Service

Public chamber of commerce / mandatory membership

Involved in the legislative procedure


3/22

About Chamber of Commerce

Director

Department

Economy

Department

Creation and

development

of enterprises

Department

International

Department

Training

IFCC

35.000 companies, 200.000 employees,representing 80% of GDP of Luxembourg


4/22

About Department Creation andDevelopment of Enterprises

Information center: Espace Entreprises

- Informing those who

want to start their

own business

- Assisting within the

administrative procedures


5/22

About Department Creation and Development ofEnterprises

- Acting as an intermediary between the client and

the ministry of middle classes within the procedure

for obtaining the business permit

- Information on financing a new business

- Information on state subsidies

Open from 9h00 to 17h00

Dont hesitate to take an appointment!


6/22


International procedures

Certificat of origin (+/- 9100 per year) Certification of bills (+/- 9300 per year)

ATA carnet

Electronic signature

- Lists of luxemburgish companies from differentsectors

- Catalogues and listings for 40 foreign countries


7/22


http://www.leguichet.org


8/22


Events

Information sessions on new laws

Forum Cration dentreprise

(took place on October 21th, 2004)

Documentation

Chef dentreprise: pourquoi pas vous?Information folders


9/22

Edited in french, german,english; 136 pages

1. Economic and social conditions

2. Setting up an running a business

3. Labour law and social security4. The taxation system

5. Public incentives to business andinvestment

Useful addresses

Publication: Doing business in Luxembourg



10/22


Why not takingover an existingcompany insteadof creating a newbusiness?

Bourse dentreprise

www.cc.lu/bourse.phb


11/22


1,2,3 Go !

Targeted advice given duringthe Business Plan preparation phase

1,2,3,GO contest offers the guarantee that allBusiness Plan elements will be evaluated in detail,before the implementation of the project

An awards ceremony, organised each year in June,to reward the best Business Plans in the GreaterRegion


12/22


- December 8th, 2004: Presentation of the Mc Kinseyconcept - coaches and creators Training followed

by a meeting between coaches and creators Sarrebruck

- March 15th, 2005: Business Plan Booster followed by a meeting between coaches and creators Luxembourg

- May 24th, 2005: Deadline for the delivery of theBusiness Plan

- June 28th, 2005: Price Awards Belgium


13/22

www.123go-networking.orgin French, German and English


14/22

The "Mutualit de Cautionnement" (LoanGuarantee Fund)

Possibility to grant guarantees to bankinginstitutions in case of insuffisant own guarantees



15/22

About IFCC

Courses to get access to certain professions ( coursacclrs )

- Cafes- Transport

- Commerce

Programme de sensibilisation la crationdentreprise

November, 11th to December, 1st , 2004


16/22

About IFCC

IFCC After work training program

IFCC Enterprises

IFCC Executive education

http://www.ifcc.lu


17/22

Contacts

Espace Entreprises

Tel. 42.39.39-330

[email protected]

Bourse dentreprise

Tel.42.39.39-354

[email protected]

Mutualit de cautionnement

Christiane Mangen

Tel. [email protected]

http://www.cc.lu


18/22

TRADE LAW REGULATIONS> DROIT DETABLISSEMENT

MAJOR PRINCIPLES:

- Allow business without any specificrequirements?

- Prohibit business without a permit?

> What kind of requirements?

>>> Luxembourgs position!?


19/22


REGULATED ACTIVITIES:

- Principle: legislator contemplates all activitiescarried on in order to gain a living

- Manufacturing industry > MECO

- Skilled craft trades > CML

>>> Trade > CCL

>>> Independent professions > CCL


20/22


PERMIT REQUIREMENTS:

- proven managerial qualifications- respectability

- fixed place of business in Luxembourg

- permanent management from the fixed place ofbusiness


21/22


NEWLY RECOGNIZED BUSINESSES:

- accountant

- real property developper

- real estate agent

- condominium manager


22/22


CONSEQUENCES FOR EU AND NON-EU RESIDENTS:

- Transcription of diploma> UK and US-citizen

- Managerial experience > professional record

> UK > EU-certificate certifying professional

experience> US > EU-resident > EU-certificate

> Non-EU resident > evidence by any means

> authentification

Documents

Starting a Business Presentation