corporate Bank Account

The Grand Duchy of Luxembourg is a small landlocked country and EU Member State situated between France, Germany and Belgium. It has a robust banking and financial system closely modeled and connected with its larger German neighbor.

We can help you open a private wealth management account in Luxembourg. These accounts are available for non-resident individuals.

We work with 1 different banks in Luxembourg, each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs.

Banking options in Luxembourg

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East West United Bank

Account Details

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Country Details


The Grand Duchy of Luxembourg is a small landlocked country located in Western Europe. Bordered by Belgium to the west, Germany to the east, and France to the south, Luxembourg is renowned for its strategic location and economic prowess.

Covering an area of approximately 2,586 square kilometers, Luxembourg is home to a population of around 634,000 people. The capital city is Luxembourg City, that is also the largest city in the country.

Luxembourg is one of the smallest sovereign nations in Europe, ranking after Vatican City and Monaco. The country has three official languages: French, German, and the national language Luxembourgish.

A constitutional monarchy, Luxembourg is led by a Grand Duke, currently Grand Duke Henri. The country's political structure involves a constitutional monarchy, where the Grand Duke shares sovereignty with the citizens who elect a parliamentary body known as the Chamber of Deputies. The political landscape is characterized by a stable and democratic governance system.

Luxembourg is not only a founding member of the European Union but also a member of the Schengen Area, fostering seamless travel within participating countries. Despite its EU membership, Luxembourg is not part of the Eurozone, as it has retained its national currency, the Luxembourgish franc, alongside the euro.

The nation's economy is highly developed and diverse, boasting the highest per capita income in the European Union. Known for its stability and robust financial sector, Luxembourg is a global financial hub. The country has a thriving industrial base that includes sectors such as steel, finance, and technology.

Luxembourg's economic success is underpinned by a combination of industrial exports, financial services, and tourism. The steel industry has historically been a cornerstone of the Luxembourgish economy, contributing significantly to its growth. Additionally, the country is a leading player in the financial services sector, specializing in providing financial services to foreign entities and wealth management for non-resident individuals.

The advantageous business environment, characterized by low taxes and favorable incorporation laws, has attracted numerous multinational corporations to establish a presence in Luxembourg. The nation's commitment to innovation and technology is reflected in its flourishing industries, encompassing telecommunications, information technology, and satellite services.

In terms of agriculture, Luxembourg engages in the cultivation of crops such as wheat, barley, and potatoes, as well as the production of dairy and livestock products. The country's wine industry also holds prominence, with Luxembourg producing high-quality wines from its vineyards.

Luxembourg's commitment to economic diversification, coupled with its strategic location and progressive policies, has positioned it as a global economic powerhouse despite its modest size. The Grand Duchy continues to thrive as a dynamic and forward-looking nation on the international stage.

Services & Fees

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.

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 available if the account is not successfully opened subject to our terms of service (20% to partly cover service and payment processing and administrative costs apply).

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