Your Gateway to Europe
The Grand Duchy of Luxembourg is one of the leading financial centers in Europe. Luxembourg borders Belgium, the seat of the European Union, as well as France and Germany, the two largest EU economies, making it a prime gateway into the European market.
The population of Luxembourg is ~600,000, with around 48% of residents being foreign nationals from over 170 countries worldwide.
Luxembourgish, French and German are the nation’s official languages, however, English is widely known and predominantly spoken in the business environment.
With its competitive tax rates and prime location in the center of the continent, Luxembourg is the ideal gateway to the European market consisting of 477 million consumers. In 2020, its Gross Domestic Product was an estimated 66.85 billion USD and its GDP per capita remained one of the highest in the world.
Luxembourg is also hailed as a nation that promotes innovation and technology, being ranked 18th out of the 131 economies featured in the 2020 Global Innovation Index by the World Intellectual Property organization. Luxembourg is also ranked as the 7th most resilient economy in the world, 4th most globalised economy, 6th largest airfreight platform in Europe, and 3rd best in digital infrastructure.
Business & Luxembourg
Luxembourg is the leading financial centre of the eurozone and globally ranked at #17 on the Global Financial Centres Index. It is the second largest centre for investment funds due to its position within Europe and its role as a service provider to Asia, the Middle East and South America.
International corporations continue to find themselves drawn to Luxembourg as a result of the competitiveness of its ever-growing list of business sectors, but even more since the country has one of the world’s most open economies and hosts one of the EU’s official capitals as well as numerous international institutions.
Thanks to the strong political will to diversify the economy and a generally favourable business climate, Luxembourg has over the years become an attractive location for companies wishing to invest in the development of their activities
The economy of Luxembourg continues to grow faster than the European Union average. Luxembourg’s renowned digital infrastructure and cutting-edge cybersecurity make its digital economy one of the strongest in the world. It is also home to a strong collection of supporting organizations that are happy to help companies with optimizing artificial intelligence algorithms and ensuring their products fulfill cybersecurity requirements.
An open, internationalised and favourable environment
Business – friendly
- The most open country for business in the world
- Simplified procedures for setting up a business
- Business-friendly legal and administrative regulations
High social and political stability
- One of the best performing GDPs in the world
- AAA for strong macroeconomic fundamentals
- Ranked 8th most resilient economy in the world
Outstanding digital infrastructure
- 3rd best connectivity in the EU
- High-performance computing capacity
- Advanced cyber security expertise
- 4th safest country in the world for expatriates
- One of the best health care systems in the world
- Rich cultural and gastronomic heritage
Our Luxembourg Partners & Members
We warm welcome you our Luxembourg Partners
Our Luxembourg Corporate Members
Independent in structure and spirit, Elvinger Hoss Prussen guides clients on their most critical Luxembourg legal matters. The firm was founded in 1964 by lawyers committed to excellence and creativity in legal practice. Since then, they have shaped a firm fit for one purpose; to deliver the best possible advice for businesses, institutions and entrepreneurs.