You want to start as an entrepreneur but you do not want to quit your job? That is quite possible.
of the minimum wage: below this turnover, you can ask to be exempted from the minimum social security contributions
You do not even need to tell your employer (under certain conditions). In fact you can combine paid employment and self-employment. This is particularly handy for testing an idea before really starting.
Being registered with the tax administration and VAT also allows you to deduct your first creation costs immediately (under certain conditions).
Also potential trade losses can be offset against your salary. This allows some tax savings.
Finally, if you achieve a turnover of less than one third of the minimum wage, you can ask to be exempted from the minimum social security contributions.
1. You must not compete directly with your employer.
2. Check that you do not have an exclusivity clause in your employment contract.
Why Galux
We help employees launch and run their side business in Luxembourg, from registration to the tax return.
Let's check your conditions together.
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