Property (or real estate) developers build and oversee real estate projects for a client, for an agreed price.
In order to operate as a property developer, the business manager must have a business permit.
Depending on the legal form chosen, applicants must also complete various registrations/affiliations before starting their business (see 'How to proceed').
Property development involves commissioning and supervising the construction of a real estate project for a client, for an agreed price.
The following persons do not require a business permit:
Real estate professionals legally established abroad (in the Swiss Confederation or in a country belonging to the European Economic Area) may provide temporary and occasional services in Luxembourg without a business permit and without giving prior notification.
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 engage in the activity of property developer, in their own name and within the framework of a sole proprietorship, must:
Companies operating as property developers must appoint at least one natural person, the managing director, who must:
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:
The information page 'Applying for a business permit' contains all the information relating to this procedure.
The company or sole proprietorship must have a fixed place of business in Luxembourg (no 'letter-box' companies).
Applicants must prove that they have the necessary qualifications and insurance required to enter this real estate profession, by providing:
Please note: anyone who can provide proof of 3 years' professional experience in a managerial position in a Luxembourg company with a business permit in the real estate sector does not need to take this training course.
After obtaining a business permit, the manager of a sole proprietorship must:
After obtaining a business permit, the manager of a:
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.
Each professional must comply with the following throughout their existence:
Professionals without a business permit run the risk of criminal sanctions (imprisonment and fines) and the temporary closure of the establishment.
Business permit application (including the declaration of honour)
Demande d'autorisation d'établissement (y inclus la déclaration sur l'honneur)
Antrag auf Niederlassungsgenehmigung (einschließlich der eidesstattlichen Erklärung)
Application for an extract from the police records for a natural person - online service
Demande d'extrait de casier judiciaire pour personne physique - service en ligne
Beantragung eines Auszugs aus dem Strafregister für natürliche Personen - Online-Vorgang