Providers
Open a business account in Luxembourg
With a local Luxembourg IBAN in your company name, you can collect, send and exchange high-value business payments.

Why Use Banq Global?
Enjoy all the benefits of a Luxembourg business bank account without the paperwork. Your unique LU IBAN will give you the tools to operate as a local business in Luxembourg.

Make global payments and currency conversions at preferential rates
Banq Global offers a highly competitive pricing model, providing customers access to exchange rates with as low as a 0.2% FX mark-up.
Send and receive payments from 190+ countries worldwide.

Premium service
Access all our services, from business account setup to global payments and FX conversions, through a single, easy-to-use platform. Plus, get human support whenever you need it with a dedicated phone number and email for prompt assistance. No more waiting times, just complete peace of mind.

Our business account in Luxembourg opens opportunities for many sectors
Non-Residents
Banq Global empowers non-resident directors and shareholders from over 190 countries to seamlessly open business accounts worldwide through a single application. This opens doors to create more international opportunities for your business.
Marketplaces
If you do business via online marketplaces such as Amazon, eBay, and Alibaba, you could benefit from opening a EUR merchant account in Luxembourg. With Banq Global, you’ll have better management and control over your finances when selling online.
Alternative Investment Funds
We offer tailored financial solutions for investment managers, corporate service providers, and fund administrators, designed to cater to their industry's unique needs and intricacies.
Managing Payroll
Looking to pay employees in Luxembourg? With a business account in Luxembourg, you can efficiently compensate local employees in a more timely and cost-effective manner.
Bespoke Solutions, Transparent Pricing
Standard* International
Suitable for:
Importers, exporters, manufacturers, professional service providers, and
e-commerce businesses.
Bespoke International
Suitable for:
Complex structures, high-risk businesses, holding companies, family offices, and financial institutions.
*This pricing is available for customers with an annual turnover and currency exchange requirement exceeding $1 Million.
How it works
Click below to see how our platform works

Applying for your account only takes 15 minutes. Get started today.
Start with a quick application that helps us understand your business needs. Once pre-approved, our friendly onboarding team will guide you through the rest of the process of opening your business account.
Your questions, answered
Is Banq Global a bank, and what services does it provide?
Banq Global is an international business account specialist. Although we are not a bank, we have partnered with the world’s leading financial institutions and combined them together so companies can now open local business accounts in 20 countries worldwide. Please see an overview of our services below:Open business accounts in 20 countries: Australia, Belgium, Bulgaria, Canada, Denmark, France, Germany, Hong Kong, Hungary, Ireland, Luxembourg, Netherlands, New Zealand, Norway, Poland, Singapore, Spain, Sweden, United Kingdom, and the United States.Multicurrency account capabilities.Receive, hold, exchange and payout in 130+ currencies around the world.Express onboarding for quick and simple setup.One platform to access, view and manage all business accounts.Dedicated account manager for each client to help with any urgent requests.Trade finance, risk management, and much more.
How do I open a business account in Luxembourg?
1. Check eligibility with Banq Global for a Luxembourg business account via our financial partners.2. Complete a short form sent by our team - it takes around 10 minutes.3. Submit the required documents, such as ID, proof of address, and a bank statement.4. Receive approval, then get local Luxembourg account details and an IBAN in your company name.5. Start using the account - typically within 24 hours once the correct documentation has been submitted and approved.
What documents are required to open a business bank account in Luxembourg?
To open a business account in Luxembourg, you’ll typically be asked for:1. Company incorporation documents2. Details of directors, shareholders, and ultimate beneficial owners (UBOs)3. Valid identification for directors and shareholders4. Proof of residential address5. Information about the company’s business activityAdditional documents may be requested depending on the company structure and to meet Luxembourg compliance requirements.
Can a non-resident open a business account in Luxembourg?
Yes, a non-resident director can open a business account in Luxembourg through Banq Global. There is no requirement to live in Luxembourg or maintain a physical office in the country, while still receiving local Luxembourg account details. The onboarding process is straightforward and designed to meet Luxembourg banking and compliance standards for international businesses.
Will the account be in my company’s name and come with a local LU IBAN?
Yes, all our Luxembourg business accounts have local Lux bank account details with a local LU IBAN. All business accounts are issued in your company name.
How do businesses satisfy "Economic Substance" requirements for a Luxembourg company?
To satisfy economic substance in Luxembourg under BEPS guidelines, a company must demonstrate that its management and core activities occur within the jurisdiction. Key indicators include having a local bank account details and a dedicated Luxembourg bank account with an LU IBAN. Using a local account ensures that financial transactions are anchored in the Grand Duchy, which is a critical indicator of substance for tax authorities. Banq Global helps businesses meet these requirements by providing local account detials, LU IBANs, and the necessary account infrastructure to anchor your operations in Luxembourg.
How does Banq Global help businesses comply with BEPS and Substance requirements in Luxembourg?
Luxembourg has integrated the OECD’s Base Erosion and Profit Shifting (BEPS) framework and the EU's Anti-Tax Avoidance Directives (ATAD) into its national law. Our accounts support your "economic substance" by providing a local Luxembourg IBAN and a dedicated business address. This helps demonstrate that your company’s financial management and "significant people functions" are anchored in Luxembourg, which is critical for meeting international tax transparency standards.
How do businesses manage DAC6 and Pillar Two (Global Minimum Tax) reporting in Luxembourg?
Compliance with DAC6 and Pillar Two requires granular transparency into cross-border transactions and effective tax rates. Businesses typically satisfy these needs by using digital-first financial platforms that offer automated data exports and local LU account details. This allows for the precise tracking of payments required by the Luxembourg tax authorities (ACD) to ensure accurate reporting.
Does a Banq Global account satisfy Luxembourg’s DAC6 and Pillar Two reporting needs?
Yes. We provide the transparent data and local account infrastructure required for modern reporting. As Luxembourg implements Pillar Two (Global Minimum Tax), having a centralised, digital-first account makes it easier for multinational enterprises (MNEs) to track and report the financial data required by the Luxembourg tax authorities (ACD).
Can a non-resident director open a Luxembourg business account?
Yes. Luxembourg law allows non-resident directors, foreign-owned entities and international companies to open business accounts, provided they meet strict compliance standards. While high-street banks often mandate physical appointments and local residency as a matter of internal policy, these are not legal requirements. International structures and Alternative Investment Funds (AIFs) can secure local account details by working with dedicated business account specialists like Banq Global who facilitates remote onboarding for international companies, delivering a dedicated LU IBAN and full account functionality without the need for a physical branch visit.
Why is a local LU IBAN necessary for businesses in Luxembourg?
A native "LU" prefix is essential for local operations such as making tax payments to the Administration des contributions directes (ACD) or paying social security via the CCSS. It also establishes credibility with local vendors who may not support cross-border IBANs. While some providers offer cross-border European IBANs, a native "LU" prefix is often essential for local operations, which is why businesses turn to Banq Global.
Will my Banq Global account come with a local Luxembourg IBAN?
Yes, our Luxembourg business accounts have local bank account details with a local IBAN (LU IBAN). Our business accounts are always issued in your company name. A Banq Global business account ensures your business is recognised as a local participant in the SEPA network and the domestic Luxembourgish market.
Why open a business account in Luxembourg?
Luxembourg is one of Europe’s most established financial centres, offering strong regulatory credibility, access to SEPA, and a stable framework for international business activity. It is commonly used by groups with cross-border operations, holding structures, or European payment needs.That said, Luxembourg’s reputation comes with increased scrutiny. Post-BEPS, account providers assess the economic rationale behind using Luxembourg, not just the legal structure. This makes choosing the right banking solution critical from the outset.
Why are Luxembourg banks so restrictive?
Luxembourg banks operate under strict AML, KYC, and BEPS-driven risk frameworks. Many banks now prioritise low-complexity, locally anchored clients and decline structures that fall outside narrow internal policies, even when they are fully legitimate.As a result, many international businesses are effectively locked out of traditional banking routes. Banq Global removes this dependency by providing compliant business accounts through regulated partners built for cross-border and non-resident structures.
Why use Banq Global instead of a Luxembourg bank?
Traditional Luxembourg banks are highly conservative and increasingly focused on low-complexity, domestically anchored clients. International businesses, non-resident directors, and cross-border structures often face long onboarding timelines, in-person requirements, or outright rejection due to internal bank policies rather than legal constraints.Banq Global removes this friction by providing the business account itself through regulated partners, with infrastructure designed specifically for international use. This gives businesses access to local Luxembourg account details, LU IBANs, and SEPA payment rails without relying on traditional bank discretion, making it a more practical and predictable solution for operating in and through Luxembourg.
What are the local payment rails in Luxembourg?
In Luxembourg, "local payment rails" primarily means having access to SEPA credit transfers, SEPA Instant, and local LU IBAN functionality.Using Banq Global gives businesses access to these local rails, allowing them to send and receive EUR payments efficiently across Luxembourg and the wider EU. This is essential for day-to-day operations such as paying suppliers, collecting customer payments, and managing European cash flows.
Can I run local payroll and operating expenses through a Banq Global account?
Yes. Access to local EUR IBANs, LU IBAN, and SEPA rails means Banq Global accounts can be used for local payroll, recurring expenses, and operational payments in Luxembourg and across the EU.This allows businesses to function operationally – paying staff, service providers, and authorities – without relying on multiple fragmented accounts or workarounds that traditional banks often force on international companies.