A sole proprietorship indicates a person who carries out his activity in his own name. This form of operation guarantees independence as well as minimal formalities. There are nevertheless higher risks for the entrepreneur since liability is not limited to the amount of his contribution.
A self-employed entrepreneur takes decisions alone and has sole responsibility for the financing of the business.
Registering for social security as a self-employed
Self-employed persons are required to affiliate with the Joint Social Security Centre (Centre commun de la sécurité sociale - CCSS) which handles the data, registration of affiliations and collection of contributions for the different insurance funds
A business permit is required for any person that wishes to engage professional activities as a self-employed person or as a company in certain professions.
Starting up a business
You want to become your own boss and begin a business start-up project? In the Grand Duchy, several institutions and Internet sites guide you in your steps: the Business portal, the Chamber of Commerce, the Chamber of Crafts and Luxinnovation.