Companies & entities
Liquidating a company in Luxembourg
Liquidating a Luxembourg company requires a dissolution decided in general meeting, the appointment of a liquidator who realises the assets and settles the liabilities, then the closing of the liquidation and the removal from the RCS. A simplified dissolution-liquidation in a single deed is possible where the company has neither debts nor employees. The firm steers the operation.
In short
Liquidating a company in Luxembourg requires a dissolution decided at a general meeting, the appointment of a liquidator who realises the assets and settles the liabilities, then closure and removal from the RCS. A simplified single-deed dissolution and liquidation is possible where the company has no debts and no employees.
Responsible for legal content: Maître Cora Maglo, Avocate à la Cour, Liste I du Barreau de Luxembourg depuis 2009. · Applicable law: Luxembourg
Company liquidation in Luxembourg: key points at a glance
| Item | What to know |
|---|---|
| Fees | On a quote basis. Depending on the chosen route and the complexity of the liabilities. |
| Indicative timing | A simplified dissolution can be almost immediate; a standard liquidation spans several weeks to several months depending on the liabilities. |
| Documents required |
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| Deliverables |
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Voluntary liquidation is the normal route to close down a solvent company. It protects the shareholders and third parties, provided the steps are followed: dissolution, liquidation, reports and closing.
Cerno Law Firm structures the liquidation, drafts the deeds and coordinates the notary and the formalities through to removal from the register.
Company liquidation in Luxembourg: when should you call on the firm?
You want to cleanly close down a company that is no longer active.
A poorly conducted liquidation leaves liability risks.
What happens if you do nothing?
Poorly settled liabilities, liability of the liquidator or the directors, or incomplete formalities.
An irregular closing may be challenged.
How does the firm step in?
Choosing the route (a multi-stage liquidation or a simplified dissolution), drafting the deeds, coordinating the liquidator and the notary.
Securing the settlement of liabilities and the closing.
Practice areas
When to call on the firm
- Close down an inactive company.
- Dissolve a holding company that has become redundant.
- Wind up a subsidiary.
- Liquidate after the disposal of the assets.
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FAQ
Frequently asked questions
Can a company be liquidated in a single step?
Yes. A simplified dissolution-liquidation in a single deed is possible where the company has no debts, no employees and no disputes, and where a single shareholder takes over the assets and liabilities.
Who may act as liquidator?
Most often a shareholder, a director or a third party appointed by the general meeting. The liquidator incurs liability in carrying out the role.
How long does a liquidation take?
From almost immediate (a simplified dissolution) to several months for a standard liquidation with liabilities to settle.
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Founded in 2013; Maître Cora Maglo has been admitted to the Luxembourg Bar since 2009
- 2013
- independent firm
- 2009
- at the Bar since 2009
- 4,7/5
- 81 Google reviewsRead reviews
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Ongoing review and analysis of Luxembourg and European case law
Avocate à la Cour, List I of the Luxembourg Bar since 2009
Trained at the London School of Economics, formerly at Clifford Chance and Bonn Steichen & Partners
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Had a consultation with Me Cora Maglo about my Luxembourg Blue Card application. She explained everything clearly: the process, timeline and documents I need, and helped me with my wife’s family reunification too. Honest and practical advice. I felt confident after talking to her.F. P.J’ai beaucoup apprécié le service de Maître Maglo : son sérieux, sa sympathie, son professionnalisme et sa disponibilité. Toujours répondu rapidement et clairement, avec des conseils pragmatiques, sans pousser à des procédures longues et coûteuses lorsqu’elles ne sont pas justifiées.N. W.Super assistance and great support! Highly recommend. All my questions were answered, Cora and her team kept me updated all the time. I will definitely reach out to them next time for my residency.T.They talk about us
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