AN OPEN, DIVERSIFIED AND RELIABLE PARTNER
For more than two decades, Luxembourg’s economy has consistently punched above its weight, with strong growth and trade surpluses, low unemployment and inflation in a stable, innovative environment for business and consumers alike, repeatedly out-performing neighbouring countries. The country boasts the highest per capita income in the OECD, growth in employment in the financial sector and a domestic banking system that remains well capitalised by international standards. Luxembourg has received a maximum reliability rating simultaneously from Moody’s, Standard & Poor’s and Fitch.
Luxembourg is one of the world’s largest financial centers with more than 150 banks and over 250 financial services firms. Luxembourg has become the largest investment fund center in Europe (second largest in the world after the US) and the largest global distribution center for investment funds, with its funds offered in more than 70 Countries worldwide.
A RELIABLE BUSINESS ENVIRONMENT
Luxembourg’s strong performance, even during economic downturns, is founded on: Diversification. Today’s economy is a balanced blend of financial services, high value-added manufacturing, retail, e-commerce, communications and logistics services. Political and social stability. Public policies are characterised by predictability and continuity between successive governments. The Government fosters close relationships with industry and business to identify, understand and answer challenges. Stability of the Government’s finances. Public debt in Luxembourg is among the lowest in the European Union.
A STRATEGIC GATEWAY TO EUROPE
Luxembourg is located at the heart of Europe, therefore the ideal gateway to a European market with 500-million-plus consumers. Luxembourg is one of the three administrative capitals of the European Union and home to major institutions, including the European Court of Justice, the European Investment Bank and the European Court of Auditors.