Full List of Restricted Activities
Business Registration does not provide services for registration of companies with the activities listed below. Regulated activities require additional professional qualifications and authorizations.
1. Financial Institutions and Fintech Companies
Regulated by CSSF ("Commission de Surveillance du Secteur Financier"), mainly:
- Banking;
- Providing custody (safeguarding and settlement of transactions and other related administration in relation to assets that include investment);
- Credit institutions (receiving deposits or other repayable funds from the public and granting credits for their own account);
- Pension funds.
2. Electronic Money and Payment Services
- Issuing, distributing and redeeming electronic money;
- Carrying on payment services (e.g. money remittance, card issuance, acquiring card transactions and the operation of payment accounts).
3. Virtual Assets Services
- Exchange between virtual assets and fiat currencies, including the exchange between virtual currencies and fiat currencies;
- Exchange between one or more forms of virtual assets;
- Transfer of virtual assets;
- Safekeeping and/or administration of virtual assets or instruments enabling control over virtual assets, including custodian wallet services;
- Participation in and provision of financial services related to an issuer's offer and/or sale of virtual assets.
4. Insurance
- Conducting direct insurance and reinsurance activities in Luxembourg;
- Insurance and reinsurance mediation activities (e.g. presenting and proposing (re)insurance contracts, carrying out preparatory works to their conclusion, contributing to the execution of (re)insurance contracts — handling of claims on behalf of the insured).
5. Activities Requiring a "Commodo/Incommodo" Permit
Companies whose activities can affect workers, people in general and/or the environment, requiring a specific operating permit — commonly referred to as a "commodo/incommodo" permit (e.g. construction, transformation or expansion of houses and residential or commercial buildings).
6. Activities Regulated by the Ministry of Health
Activities regulated by the Ministry of Health and the Luxembourgish Bar (e.g. statistical and epidemiological analysis, audio phonology/orthoptics).