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Wage portage, salary in Luxembourg: an optimal solution.

Wage portage, salary in Luxembourg is the right solution under specific conditions. Namely that there is no clearly defined legal framework as in France but it is possible to use the legislation in order to achieve the same results.

People wishing to become self-employed or wishing to start a business can use this simple, easy and fast alternative to be able to invoice their clients immediately.

This solution is very interesting from a speed point of view because it takes more than a month to create a simple business in Luxembourg.

It is important to emphasize the fact that the majority of the time lost and due to the administrative delay.

Freelancers who cannot wait a month or more can turn to this alternative and interesting solution, which is wage portage in Luxembourg.

 

Luxembourg: a business friendly country

 

Luxembourg is a very opened country towards entrepreneurship. It is seen as a business friendly country allowing to set up solid legal structures such as SARLs, SA and various investment funds.

A large volume of foreign workers comes daily to work on Luxembourg territory on behalf of banks, investment companies, investment funds and for large insurance companies. These workers may also be residents of the European Union or from third countries such as India and China.

It is obvious that Luxembourg relies on border labor first of all.

The country is constantly search for highly qualified workers such as computer scientists, accountants and people with good knowledge in insurance and finance.

For the sake of flexibility due to the crisis COVID-19, many companies are turning more and more to the self-employed to the detriment of internal recruitments.

This makes it possible to develop new entrepreneurial opportunities for highly qualified freelancers.

 

Advantages

 

There are lots of advantages for wage portage, getting salary in Luxembourg :

  • Social security contributions are half lower than in the neighbouring countries
  • Taxation of private persons reduced and deducted at source
  • The advantage of receiving family benefits is almost two times higher than in other countries
  • A health system allows reimbursement much higher than in neighbouring countries

Conditions

 

Of course, these different advantages are very attractive, but it is very important to respect the conditions imposed by European laws to work in perfect legality.

A basic principle to apply is based on the spatial aspect: the activity must be carried out on the territory of the Grand Duchy of Luxembourg.

 

The possibilities

 

Few companies offer the service of wage portage in Luxembourg because the legal framework is not clearly defined and the tax aspect is not mastered by most of the players.

Therefore, our company is positioned as a reliable partner with one-stop shop solutions because our group of companies “Groupe Advensys Luxembourg SA” consists of a Franco-Luxembourg accounting office with more than 12 years of experience, IT service company as well. There are also a large number of our Luxembourg clients that are looking for highly qualified candidates in finance, IT and accounting.

 

We are fully available to the candidates interested in this wage portage service in Luxembourg to carry out a free, in-depth study and define together the best solution between setting up a company and wage portage.

 

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Wage portage, salary in Luxembourg is the right solution under specific conditions. Namely that there is no clearly defined legal framework as in France but it is possible to use the legislation in order to achieve the same results. People wishing to become self-employed or wishing to start a business can use this simple, easy and fast alternative to be ...

Luxembourg Tax return for individuals : deduction.

How to get successful tax return? How much and what can I deduct?

Basically, we need the certificate of all the client’s income (income from abroad included) and the list with personal data.

The rest depends on the client’s situation.

For example: Insurance premiums (deductible if the head office of the insurance company is in the European Union) and interest expense from consumer loans, financing cars etc., saving pension scheme (deductible maximum of 3200 EUR per taxpayer), housing savings (maximum deductible of 672 EUR per taxpayer, except for taxpayers between 18 and 40 years old, “BHW Bausparkasse”, “Wûstenrot Bausparkasse” and “Bausparkasse Schwäbisch Hall” are accepted by the Tax authorities ACD), social service contributions, donations (deductible between 120 EUR and 1,000,000 EUR) are to be indicated in the tax declaration.

Advensys Conseil can help you in your tax returns, tax advice and tax simulation.

You can contact us by email : contact@advensys-conseil.lu and we will send you all the info and after getting back your answers (by e-mail using PDF format) and all the documents (scans) according to the list of documents, we guarantee a quality and efficient services as well as successfully filled tax return.

Joel Spaus,

tax manager of Advensys Conseil.

How to get successful tax return? How much and what can I deduct? Basically, we need the certificate of all the client's income (income from abroad included) and the list with personal data. The rest depends on the client's situation. For example: Insurance premiums (deductible if the head office of the insurance company is in the European Union) and interest ...
business Business

Why LUXEMBOURG is your payment hub in the EU?

Why LUXEMBOURG is your payment hub in the EU?

1)

ACCESS TO THE EUROPEAN MARKET

Ideal hub to access the European Single Market from one location:

510+ million consumers, 7,000+ banks,
23 million SMES

Passport your services from Luxembourg to all other EU markets

Ability to issue IBANs (EMIs)

SEPA Access (Single European Payment Area).

2)

STABILITY 

Luxembourg is an eco- nomically & politically stable country (AAA rated by all three major rating agencies), with a very low public debt.

3)

LOCATED IN THE HEART OF EUROPE

Quick access to all other cities in Europe (e.g., 50 minutes flight to London, 30 minutes to Frankfurt).

4)

An experience and EXISTING PAYMENTS ECOSYSTEM

From the regulator, service providers, law firms, and banks: in Luxembourg you find professionals that know the international payments industry.

5)

STATE-OF-THE-ART INFRASTRUCTURE

Highest density of TIER4 data centres in Europe

28 ultra low latency fibre routes connecting Luxembourg with major European cities.

6)

A business focused, innovative, and

RESPONSIVE REGULATOR

7)

he financial sector regulator accepts official documentation in

ENGLISH, FRENCH OR GERMAN

Company statutes and articles of incorporation can be submitted in English.

Why LUXEMBOURG is your payment hub in the EU? 1) ACCESS TO THE EUROPEAN MARKET Ideal hub to access the European Single Market from one location: 510+ million consumers, 7,000+ banks, 23 million SMES Passport your services from Luxembourg to all other EU markets Ability to issue IBANs (EMIs) SEPA Access (Single European Payment Area). 2) STABILITY  Luxembourg is an ...
calculator Accounting

Les avantages de la comptabilité informatisée

En plus de la bonne humeur qui y règne ,

 

Il sera rapide et simple de s’intégrer dans l’équipe de Groupe Advensys Luxembourg S.A surtout avec le logiciel Ciel Compta Pro qui est un logiciel performant et simple à utiliser.

Quand je dis simple, il vous suffit d’une semaine pour pouvoir manipuler le logiciel a 100%, et si vous ne pensez pas être à la hauteur ou bien vous ne pensez pas possible alors je vous laisse relever le défi !

Nous allons vous décrire un peu le logiciel pour avoir un avant-gout.

Pour commencer, il existe plusieurs modes de saisie sur le logiciel qui vont vous permettre avec faciliter l’entrée des factures d’achat, de ventes ou des extraits bancaires et cela sans complication et avec rapidité.

Vous pouvez travailler sur plusieurs exercices sans clôture définitive du dossier même en cours,
le logiciel calcul également automatiquement la TVA, le solde des écritures et du compte de contrepartie.

Pour finir, le logiciel vous assiste lors de la saisie des relevés bancaire avec le Lettrage/pointage automatique des factures pour un suivi financier simple et rapide.

 

Miodrag Milic,
Responsable comptabilité sociétés
Advensys Conseil

En plus de la bonne humeur qui y règne ,   Il sera rapide et simple de s’intégrer dans l’équipe de Groupe Advensys Luxembourg S.A surtout avec le logiciel Ciel Compta Pro qui est un logiciel performant et simple à utiliser. Quand je dis simple, il vous suffit d’une semaine pour pouvoir manipuler le logiciel a 100%, et si vous ...

Luxembourg Tax return for individuals : list of documents

Here we are going to show you what  details and necessary documents

you have to be aware before completing successful tax return in Luxembourg.

 

First of all  your PERSONAL INFORMATION.

Last name

First Name

Date of birth

Luxembourg Social Security Number

Profession

Phone

Email

Current address

previous address in case of relocation since 01.01.2015

Name of bank account owner

IBAN

SWIFT BIC

Date of marriage
Date of the Civil partnership
Date of divorce/separation

Children info

Please precise if you receive alimony for a child who is part of your household or if you receive alimony for a child who is not part of your household.

 

LIST OF DOCUMENTS (Copies)

1. All your annual income certificates from Luxembourg and abroad

 

2. Certificates of interest expenses related to your mortgage loan for your primary residence

 

3. Income certificates of property income (dividends, ..) fr. Luxembourg and also abroad

 

4. Proof of payment of alimony to former spouse or children / copy of judgment (if applicable)

 

5. Interest expenses certificates of personal loans (or credit cards) granted within the EU

 

6. Certificates of civil liability and life insurance premiums (EU)

life (health, accident, disability, sickness …)
civil liability (cl car, cl housing, any other cl)
certificates should only contain civil liability premiums

 

7. Proof of contributions to private health insurance

 

8. Certificates related to private old-age pension scheme (111bis LIR)

 

9. Statements of EU Housing Savings Plan

 

9. Statements of EU Housing Savings Plan

 

11. Certificates of donations to charity organisations

 

12. Certificates of child care expenses

 

13. Certificates of household employee expenses

 

14. Certificates supporting extraordinary expenses ( healthcare, financial assistance to parents in need, funeral,…)

 

15. Certificates of interest expenses related to mortgage loans related to a property for rent

 

15b. Receipts for rent received, a copy of the deed of purchase and notary invoice

 

15b. Receipts for rent received, a copy of the deed of purchase and notary invoice

 

16. Certificates of RSU / SHARE granted as part of compensation

 

17. If person of Foreign origin, the related filed Income tax return and income details

 

18. Any Other investment income details coming from Shares or Mutual Funds or Bonds etc.

 

19. Your prior year Luxembourg Tax filing details (Return and Assessment).

 

 

Advensys Conseil can help you in your tax returns,

tax advice and tax simulation.
You can contact us by email : contact@advensys-conseil.lu and we will send you all the info and after getting back your answers (by e-mail using PDF format) and all the documents (scans) according to the list of documents, we guarantee a quality and efficient services as well as successfully filled tax return.

 

Team of Advensys Conseil.

Here we are going to show you what  details and necessary documents you have to be aware before completing successful tax return in Luxembourg.   First of all  your PERSONAL INFORMATION. Last name First Name Date of birth Luxembourg Social Security Number Profession Phone Email Current address previous address in case of relocation since 01.01.2015 Name of bank account owner ...
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