- Dec. 27, 2021
-- To ensure successful business operations in Luxembourg, foreign legal entities must gain an in-depth knowledge of the country's laws, rules, and regulations. Listed below is a quick summary of the primary advantages of doing business in the Grand Duchy.
Luxembourg is a founding member of the European Union (EU). Luxembourg City is an important EU location as it is one of the EU's parliamentary capitals and houses the European Union's Court of Justice.
- Premier Gateway to Top European Markets
According to the 2019 KOF Globalization Index, Luxembourg is the fourth most global economy in the world
. With its central location and close cultural and business links to the EU's most influential markets, Luxembourg is the perfect testbed for foreign investors looking to do business in Europe and beyond.
- Business-Friendly Landscape
The country's government and economic policies foster a warm and welcoming atmosphere for foreign capital investors. Based on the 2019 US Cisco Digital Readiness Index, Luxembourg has earned the reputation of being the second most attractive destination for start-up companies
across profitable industries such as the ICT and biotech sectors.
- Easy Business Formation Process
The Luxembourg Government continuously improves its legal framework to accommodate the needs of local and foreign businesses alike. Start-up businesses and foreign legal entities enjoy easy access to expert advice from the House of Entrepreneurship
and other agencies founded to help boost the business landscape in Luxembourg.
- Robust Banking and Financial Services
Luxembourg is inarguably one of the most competitive financial hubs in the EU
. Its banking sector empowers and fuels the local economy, contributing up to one-third of Luxembourg's GDP. The unwavering success of its financial industry is brought about by its mastery in cross-border transactions, tax incentives, political stability, and skilled, multi-lingual workforce.
Damalion is an independent consulting firm dedicated to helping foreign investors succeed with their international expansion by facilitating a smooth business set-up in Luxembourg. Through its business formation services
, Damalion network of excellence guides international clients to make well-informed decision. It provides reliable assistance in setting up a Luxembourg company and recommend strategies to achieve fast and long-term business success in the Grand Duchy.