[Last updated: 1 January 2024, unless otherwise noted]

All correspondence (including with regulators and tax administration) may be submitted in English or in one of the official languages of Luxembourg (Luxembourgish, German and French).

This summary focuses on the admission to listing in Luxembourg of non-Luxembourg issuers, but often for the efficiency of the structure (in particular from tax perspective) a Luxembourg special purpose vehicle is established in Luxembourg to issue the listed securities.

Key differences in requirements for domestic companies

The key differences in requirements between domestic and foreign companies listing on the LuxSE relate to corporate governance, financial statements and requests for comfort by the LuxSE.

Foreign companies are not subject to Luxembourg corporate governance rules, whereas Luxembourg issuers of shares listed on the Regulated Market must comply with the Ten Principles of Corporate Governance of the LuxSE.

Historical financial statements of issuers who seek listing on the Regulated Market must be prepared under IFRS or accounting standard equivalent to IFRS. Foreign issuers whose historical financial statements have been prepared under local accounting standards which are not deemed equivalent to IFRS therefore must prepare IFRS historical financial statements.

If the securities of the foreign issuer are not listed in the issuer’s home jurisdiction or the jurisdiction where the securities are mainly distributed, the LuxSE may request comfort that the listing in these jurisdictions has not been sought and been refused by the local regulator for investor protection purposes.