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How to choose an accountant in Luxembourg
The services of an accountant are often indispensable or if not at least extremely useful, however, when you need one, a fundamental question arises: How to choose one? Well, in this guide we would like to help you find a way out of this confusion and give you clear guidelines so that you can choose the most suitable one for you.
When looking for how to choose an accountant, it is possible to wonder which one is the best. However, no accounting service is perfect and better than all the others, it all depends on the needs and preferences of the person seeking the services. While a small firm offering highly personalized services may be ideal for one company, it may not be ideal for another that needs the services of a large, multi-competent and experienced firm with a broad international presence.
Role of accountant services in Luxembourg
Not all accountants offer the same services or have the same experience or specialization in each of them, so to find the best accountant for a given case it is necessary to match the particular needs with the best offers that can meet them.
To achieve this, it is essential to first be clear about the roles or services that an accountant can offer. Below are then some of the main roles or services offered by accountants in Luxembourg:
Accounting and financial record keeping
One of the main services of any accountant is to ensure that the financial operations of a company or individual are accurately recorded and kept up to date. This includes the preparation and maintenance of accounting books, the preparation of financial statements such as balance sheet, income statement and cash flow and the performance of accounting closings which can be monthly, quarterly or annual.
Tax returns and tax advice
Tax management is another of the pillars of accounting services, which are generally responsible for the preparation and filing of tax returns with the tax authorities in order to comply with tax obligations. These include, for example, the corporate income tax return for payment of corporate income tax (Impôt sur le Revenu des Collectivités, IRC) and the personal income tax return for payment of personal income tax (Impôt sur le revenu). In addition, many accountants offer advice to optimize the tax burden within the legal limits.
Payroll and human resources management
Accountants also provide services related to payroll and human resources management. This service includes the calculation and administration of salaries, tax deductions and social security contributions.
Regulatory compliance
The regulatory environment in Luxembourg is rigorous and complying with all the rules is not always an easy task, so accountants play an essential role in ensuring that the company always operates in accordance with these rules. Services in this area may include the preparation of regulatory reports for the competent authorities or assistance in the implementation of programs to prevent money laundering and comply with Anti-Money Laundering (AML) regulations
Financial advice for strategic decision making
In addition to doing the accounting and ensuring that the company is compliant, accountants can go beyond that and act as strategic advisors. They can create budgets, perform cost analysis and financial projections to help companies plan their growth or even assess the feasibility of projects and propose solutions to improve profitability.
Internal and external accounting audits
Although not all accounting firms offer auditing services, many do and prepare companies for external audits by official auditors. In addition, some accountants perform audits themselves, reviewing the company's financial and accounting systems to detect errors or possible irregularities before they become a problem.
Support in setting up and managing a company
The process of setting up a company in Luxembourg can be complex, especially for foreign entrepreneurs. Accountants in Luxembourg offer valuable support in this process by working closely with lawyers and notaries. While lawyers draft the articles of association and handle the legal aspects before the Trade and Companies Registry (RCS), accountants advise on the most appropriate tax and legal structure, prepare financial projections and handle administrative registrations, such as tax or VAT registration. They also assist in meeting practical requirements, such as opening bank accounts or preparing documents related to share capital.
Specific services for international companies
Luxembourg has become over time a global financial center that attracts many international companies seeking to take advantage of its tax and regulatory advantages. Accountants specializing in this field offer such companies services related to the management of international structures such as holding companies and domiciled companies. They also help companies comply with international standards such as BEPS (Base Erosion and Profit Shifting) and the Common Reporting Standard (CRS).
Thanks to all these services, accounting services represent an innumerable series of advantages for companies, some of them are the following:
- Regulatory compliance: an accountant ensures that tax and accounting obligations are met while avoiding legal penalties.
- Tax optimization: an accountant helps to reduce the tax burden within the legal framework, maximizing profits and improving the company's profitability.
- Time-saving: it frees entrepreneurs from a lot of administrative tasks so that they can focus on their business.
- Strategic advice: an accountant provides financial analysis, budgets and support in making important decisions.
- International management: an accountant facilitates compliance and optimization in international structures.
How to register a company in Luxembourg
How to choose an accountant in Luxembourg
Whether you are looking for an accountant, a chartered accountant, an associate chartered accountant, a certified accountant or a law firm, below you will find the main criteria to consider when choosing one:
Experience in the Luxembourg market
One of the most important factors to consider is to choose an accountant with direct experience in Luxembourg as the country has a unique and specific tax and regulatory framework. A professional with in-depth knowledge of local tax laws, accounting rules and specific requirements imposed by the Luxembourg authorities ensures proper compliance and avoids making costly mistakes.
Specialization in the type of client or sector
It is important to look for a firm or an accountant that has expertise in the specific sector in which your company operates as financial and tax needs may vary by industry. A business in the financial sector is for example subject to many more regulations than businesses in other sectors such as retailing or offering freelance graphic design or consulting services. A suitable accountant for companies in the financial field must therefore have experience in this sector.
Wide range of services
Not all accounting firms offer the same services, although they generally all offer the basic services, your case may require specialized or particular services, consider then verifying that the firm offers a wide range of services including those that your business needs or may need in the future.
Certifications and training
It is important to verify that the accountants have the necessary certifications and that its members follow continuous training that allows them to keep up to date with the latest changes in regulations.
Reputation and recommendations
It is important to research the reputation of the firm or accountant you plan to hire, this can be achieved by reading testimonials of the accountant online, asking for recommendations or consulting with other business owners who have worked with them.
Costs and fees
Costs are always a factor to evaluate, so choosing an accountant who offers clear rates and flexible cost structures to suit your needs is extremely important. It is worth comparing the fees of several firms or accountants taking into account the cost-benefit ratio of the services provided and choose the best one making sure that the chosen offer fits your budget.
Communication and availability
It is important to have an accountant who is easy to contact and with whom there is fluid communication. Evaluate their ability to respond quickly to your queries and their willingness to explain technical concepts in a simple and understandable way. Also evaluate the accountant's workload, making sure that he will have enough time for your case. If he is an independent accountant and your case requires a lot of time and dedication, he may not be able to meet your demands as he has to attend to the needs of other clients as well.
Technology and digital tools
The ability of the firm or the accountant to use advanced digital tools, such as accounting software, VAT management platforms or automated payroll systems is also an important criteria. These technological solutions facilitate the management of accounts and allow access to more efficient and transparent solutions, however, it is essential to ensure that these solutions are adapted to the company's IT infrastructure.
Adaptability to international companies
If your company has international operations or you are managing a subsidiary in Luxembourg, the accountant must have experience in international structures, compliance with international standards, double taxation treaties and know how to handle financial reporting in accordance with international standards.
Top accountant services in Luxembourg
Now that we have seen the main criteria for choosing an accountant, let's take a look at some of the most important ones in Luxembourg. While it is true that the “Big Four” dominate a large percentage of the Luxembourg accounting landscape thanks to their international experience and strong local presence, they are not the only ones, there are a multitude of other accounting firms or independent experts, here are some of them:
EasyBiz
EasyBiz is a Luxembourg startup that offers company incorporation and professional accounting services for companies of all sizes. This company was founded by Daniil Kirikov, a serial investor with 12 years of experience in innovative products and is headed by Aurore Calvi as CEO, a tax expert, accountant and financial advisor who has 25 years of experience in fiduciary services.
EasyBiz offers accounting services that combine fiduciary expertise with a digital platform to simplify accounting management. It handles all tax obligations and timely tax filings, while providing access to expert accountants via live chat with quick responses. In addition, it offers real-time interactive reports to provide clarity on the cash flow and financial status of the company.
The company's platform includes intuitive tools for managing invoices and documents, automatically linking bank transactions and contacts. EasyBiz also ensures tax compliance with reminders and assistance in filing tax and VAT returns. In addition, EasyBiz has a strong focus on security and ensures RGPD compliant storage of all documents.
Wide range of services
Incorporation services
Experienced team
Startup
- Website: easybiz.lu
Baker Tilly
Baker Tilly is a leading Luxembourg firm that offers comprehensive accounting, tax, audit and business advisory services together with payroll and human resources services. With more than 50 years of experience and around 140 employees, the firm combines in-depth local knowledge with a global reach thanks to its membership in the Baker Tilly International network, which is present in 141 countries. In addition, the company organizes training seminars to keep its clients up to date on regulatory changes.
Wide range of services
Global reach combined with local expertise
Consolidated experience and reputation
Continuous training and regulatory updates
- Phone: (+352) 4 76 84 74 00
- Website: bakertilly.lu
RSM Luxembourg
RSM is a global network of independent firms offering accounting, audit, tax and consulting services and is the sixth largest worldwide in its sector. In Luxembourg, RSM is comprised of five legal entities that provide a wide range of services tailored to the needs of companies of all types, from large international corporations to local businesses and independent individuals. They have a team of about 120 employees which makes of RSM in Luxembourg a solid mid-sized organization.
Additional services outside accounting
Wide range of services
International company
Global reach with local focus
- Phone: (+352) 2 69 79 71
- Website: rsm.global
Devaux et Associés
Devaux & Associés is a Luxembourg-based firm of chartered accountants offering comprehensive accounting and tax services. They provide detailed reports on a monthly or quarterly basis and assist in the analysis of these reports through performance indicators, offering customized solutions for long-term planning. The firm also helps in administration and payroll management, offers domiciliation services and handles the incorporation and management of various corporate structures. They stand out for their personalized approach and their ability to adapt to the specific needs of each client.
Additional services outside accounting
Wide range of services
Personalized approach
Presence and experience in Belgium
- Phone: (+352) 26 00 33
- Website: devaux.lu
Agir Luxembourg
Agir Luxembourg is a family business founded 18 years ago specialized in accounting, tax and economic advisory services in Luxembourg. Its team offers a wide range of services tailored to the needs of individuals, sole proprietors and companies of various sizes.
In the field of accounting, Agir Luxembourg takes care of the complete management of corporate finances and includes a wide range of services and ensures compliance with tax obligations and the preparation of accurate financial statements. In addition, they provide other services outside pure accounting such as advice on the creation, management, and dissolution of companies, as well as on the securitization of assets.
Agir Luxembourg's approach allows clients to work with a single trusted partner to meet all their financial and administrative needs and Agir Luxembourg's philosophy is based on adaptability and personalized attention.
Additional services outside accounting
Wide range of services
Family business
Personalized approach
- Address: 25b Bd Royal, Ville-Haute Luxembourg
- Phone: (+352) 47 24 85
- Website: agirluxembourg.com
Best Accounting Firms in Luxembourg 2025
Read articleChoosing the right accountant for your needs is a task of utmost importance, in this article we have provided some of the main criteria to be taken into account and some of the main accounting firms in Luxembourg. This represents only a start for the analysis, it is necessary to go deeper into the subject by putting it into practice, making a thorough study of your own needs and examining how the different accounting firms are positioned against your needs and the criteria we mentioned for their choice.
Frequently Asked Questions (FAQ)
Is it important for an accountant to have experience in my industry?
Yes, it is highly important. Each industry has unique financial practices, regulations, and reporting standards. An accountant with experience in your industry will better understand these nuances, providing tailored advice and ensuring compliance with sector-specific requirements. For example, accountants familiar with the financial services sector in Luxembourg can assist with complex regulatory compliance, while those experienced in retail or hospitality may focus more on VAT management and inventory accounting. Industry-specific expertise enhances efficiency and reduces the risk of errors.
How can I verify if an accountant is registered or certified in Luxembourg?
You can verify an accountant’s credentials by checking if they are registered with the Ordre des Experts-Comptables (OEC), the regulatory body for accountants in Luxembourg. The OEC ensures that its members meet the required qualifications and ethical standards. Their website provides an official directory where you can confirm an accountant's registration. Alternatively, you can request proof of certification directly from the accountant or firm.
How do accounting needs differ for startups, SMEs, and large corporations?
Startups require basic bookkeeping, financial projections, and assistance with incorporation and tax setup. SMEs typically need broader support, such as payroll, VAT management, and periodic reporting. Large corporations have more complex needs, including audits, international tax compliance, and advanced financial analysis. Tailoring your choice of accountant ensures the right level of support.
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Source: guichet.public.lu, en.wikipedia.org, tulpartax.com, easybiz.lu, www.bakertilly.lu, www.odoo.com, www.rsm.global, www.rsm.global, en.wikipedia.org, devaux.lu, oec.lu
We took photos from these sources: Karolina Grabowska on Unsplash
Authors: Luz
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