Banking & Finance
Open an account, transfer money from India and build credit.
7 min read · Updated regularly
Documents you need
- Passport
- Declaration of arrival
- Employment contract
- Proof of address
Step-by-step process
- 1
Pick a bank
BGL, Spuerkeess, BIL and ING all offer English service; digital banks work as a second account.
- 2
Open the account
Book an appointment and bring originals — an IBAN is issued within a few days.
- 3
Transfer from India
Use LRS-compliant remittance; compare bank rates with licensed transfer services.
- 4
Plan taxes on savings
Declare Indian accounts and interest where required in your Luxembourg return.
Important tips
- •A Luxembourg IBAN is required for salary, rent and CNS refunds.
- •Keep the SWIFT receipts of large transfers for future proof of funds.