Luxembourg - the gateway to Europe
Establishing your business and living in Luxembourg
Luxembourg is home to over half a million people from all over the world. Bordered by France, Germany, and Belgium, the Grand Duchy is a founding member of the European Union and a member of all major international organizations. Over the years, the migration flows of highly skilled workers have turned Luxembourg into an open-minded and cosmopolitan center of excellence, positioned right at the heart of Europe.
Just over a century ago, the Grand Duchy of Luxembourg metamorphosed from a peaceful rural backwater into a unique gateway providing access to the European market and its 500 million potential consumers. It has become the world-renowned financial business center we know today, where many companies actively set up their headquarters. Luxembourg has transitioned from agriculture through industry to banking services and the Information and Communication Technologies (ICT) sector.
In terms of financial services, Luxembourg’s economy has expanded, bringing with it a host of new challenges. The country has also had to adapt in terms of strategy in order to seize new opportunities. It responded to market forces with new regulations and improvements at government level, as the country adopted forward-thinking, pro-business policies. The Luxembourg government is constantly striving to be more competitive and to guarantee a streamlined administrative environment. Through its favorable geographical positioning and determined efforts on a private and public level, Luxembourg has continuously improved its positioning over the last decade and matured into an intercontinental springboard at the heart of Europe.