Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
Tips and traps
What are your top tips for fintech players seeking to enter your jurisdiction and what potential sticking points would you highlight?

Answer ... Luxembourg has a well-established and well-recognised fintech industry, with a favourable licensing framework and a very approachable competent authority, as well as reputable fintech players. However, the legal and regulatory framework is complex to navigate, necessitating the involvement of specialists. Attention should also be paid to the substance requirement for employees and the associated costs. Finally, it is paramount to obtain legal and regulatory clearance before starting to operate in the fintech industry in Luxembourg.

Co-authored by Sandy Brumberg, Professional Support Lawyer

For more information about this answer please contact: Anne-Marie Nicolas from Loyens & Loeff