Trading in high-value movable assets

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In order to engage in the trading in high-value movable assets, the business manager must have a business permit for commercial activities and services related to the trading in high-value movable assets.

Who is concerned?

The trade in high-value movable assets includes:

  • purchase negotiations;
  • selling;
  • storage

of works of art, precious metals or gemstones, either directly or as an intermediary, including in free-trade zones and customs warehousing, with a minimum threshold value of EUR 10,000 excl. VAT; and

  • the retail or bulk sale for a value of EUR 10,000 or more excl. VAT of:
    • one or more pieces of jewellery in a single transaction;
    • watches and clocks; or
    • any other movable asset.

Prerequisites

Compliance with the conditions for access to the profession is verified by the General Directorate for Small and Medium-Sized Enterprises at the time the application for a business permit is submitted.

Natural persons who wish to carry out the activity in their own name, in the context of a sole proprietorship, must meet the legal conditions of professional integrity.

Companies carrying out the activity must appoint at least one natural person, the business manager, who must:

  • meet the legal requirements in terms professional integrity;
  • effectively manage the day-to-day business on a permanent basis;
  • have a genuine link with the company (be the owner or authorised representative registered in the Trade and Companies Register); and
  • have paid all social security contributions and taxes, either in their own name or through the company they manage or have managed.

Business permit

The business permit is issued to the company (either to the manager operating in their own name, or to the company they run) if the manager meets the legal conditions of professional integrity.

The information page 'Applying for a business permit' contains all the information relating to this procedure.

Place of business

The company or sole proprietorship must have a fixed place of business in Luxembourg (no 'letter-box' companies).

How to proceed

Registrations/affiliations depending on the legal form of the company

After obtaining a business permit, the manager of a sole proprietorship must:

After obtaining a business permit, the manager of a:

  • partnership (SCS, SENC);
  • capital company (SA, SARL, SCA, SE);
  • simplified limited liability company (SARL-S);

must:

Please note: the manager of a simplified limited liability company must also file the draft articles of association of the company with the Trade and Companies Register. There is, however, no need to incorporate the company in the presence of a notary. A private deed will suffice.

Obligations of all professionals

Each professional must comply with the following for as long as they carry out their activity:

  • all requirements with respect to obtaining a business permit; and
  • all laws and regulations with respect to business management.

Sanctions

Professionals without a business permit run the risk of criminal sanctions (imprisonment and fines) and the temporary closure of the establishment.

Online services and forms

Who to contact

General Directorate for Small and Medium-Sized Enterprises (Department for Authorisations of Establishment)

  • Ministry of the Economy General Directorate for Small and Medium-Sized Enterprises (Department for Authorisations of Establishment)

    Address:
    Luxembourg
    PO box 535 / L-2937 Luxembourg
    Email address:
    info.pme@eco.etat.lu
    The telephone helpline is open Monday to Friday, from 9.00 to 12.00 and 13.30 to 16.30 (not on public holidays).

House of Entrepreneurship

House of Training

  • House of Training

    Address:
    7, rue Alcide de Gasperi L-2981 Luxembourg Luxembourg
    B.P. 13 L-2010 Luxembourg
    Open Closes at 17.15
    Monday:
    8.00 to 12.00, 13.15 to 17.15
    Tuesday:
    8.00 to 12.00, 13.15 to 17.15
    Wednesday:
    8.00 to 12.00, 13.15 to 17.15
    Thursday:
    8.00 to 12.00, 13.15 to 17.15
    Friday:
    8.00 to 12.00, 13.15 to 17.15
    Saturday:
    Closed
    Sunday:
    Closed
    from 8.00 to 12.00 and from 13.15 to 17.15

Chamber of Commerce

  • Chamber of Commerce Chamber of Commerce

    Address:
    7, rue Alcide de Gasperi L-2981 Luxembourg Luxembourg
    Email address:
    chamcom@cc.lu
    Open ⋅ 8.00 - 12.00 , 14.00 - 18.00
    Monday:
    8.00 to 12.00, 14.00 to 18.00
    Tuesday:
    8.00 to 12.00, 14.00 to 18.00
    Wednesday:
    8.00 to 12.00, 14.00 to 18.00
    Thursday:
    8.00 to 12.00, 14.00 to 18.00
    Friday:
    8.00 to 12.00, 14.00 to 18.00
    Saturday:
    Closed
    Sunday:
    Closed
    08.00 - 12.00 and 14.00 - 18.00

Related procedures and links

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