Can business in Luxembourg change it’s legal entity type?

Yes, a business in Luxembourg has the ability to alter its legal structure. The process of changing a business’s legal entity type includes various steps, such as seeking advice from professionals, establishing a new entity, transferring assets and operations, dissolving the previous entity, and informing stakeholders. The procedure may differ depending on the existing and desired business structures and regulations. It is important to seek guidance from experts and guarantee that all steps are completed accurately to prevent any major legal and financial consequences.