Skip to content
ABBL Logo
Switch to consumers

Bank Account Opening

Published on 31 July 2025

Opening a business bank account is a critical milestone for any moral person—yet it can often feel complex and time-consuming. At the ABBL, we recognize this challenge and are actively working to make the process simpler, more transparent, and accessible for all types of legal entities operating in Luxembourg.

Practical Guide for Different Legal Entities

As part of our initiative, the ABBL has published step-by-step guides designed to help legal entities understand and meet the requirements for opening a bank account. Created with input from ABBL member bank and in consultation with the Commission de Surveillance du Secteur Financier (CSSF), these guides set out:

  • The minimum requirements and procedures for account opening.
  • A checklist of essential documents, including identification, ownership, and business details.
  • Clear explanations of why banks ask for specific information, aligned with anti-money laundering and compliance frameworks.

Two guides targetting commercial businesses and non-profit organisations have already been published.

Access these guides in English, French, and German

The ABBL is preparing additional resources tailored to the specific needs of:

  • Trusts and private patrimonial foundations
  • Investment funds
  • Co-ownership syndicates

These guides offer standardized, practical information to help all organizations approach the account opening process with confidence.

Connecting Legal Entities with Banking Experts

In response to calls for more clarity around available services, the ABBL has compiled a list of specialized contacts across banks and financial institutions who work directly with different types of businesses. This list helps entrepreneurs connect with the right financial partners, though it is not exhaustive.

Explore our list of contacts

A Collaborative, Long-Term Effort

Improving access to business banking is not just about documentation. That’s why the ABBL is:

  • Engaging in ongoing dialogue with the CSSF and policymakers to advocate for consistent, business-friendly regulatory frameworks.
  • Supporting training initiatives for compliance officers.
  • Promoting clear communication between banks and clients