UK’s referendum to exit the European Union has had a huge impact on investors established there and has determined many of them to start for alternatives to relocate their businesses in countries within the EU. Most of the largest investment funds have chosen Luxembourg as their relocation destination after Brexit. So is the case of some of the largest telecom companies in the world with headquarters in the UK. What has determined them relocate to Luxembourg after Brexit?
London was considered for a long time one of the most important financial centers in the world, however, after UK citizens voted to exit the EU, many investors have found themselves in the position to seek for a new city or country to move their businesses after Brexit. Luxembourg seems to offer the most resembling option to foreign investors.
Luxembourg is the best choice to move a company after Brexit because of its legislation which favors foreign investment, especially when it comes to the investment funds industry. Those seeking to set up investment funds should know they have plenty of business vehicles to choose from, and most importantly they are all harmonized with EU directives which allows them passporting rights throughout the EU.
Our company formation representatives can help foreign investors relocate their businesses to Luxembourg after Brexit.
The Grand Duchy’s Government has started to modernize its legislation during the last few years in order to accommodate the development of other industries other than the investment funds one. Those seeking to move their companies after Brexit will be interested to know that Luxembourg now offers new investment opportunities, especially when considering that many industries such as research and development and innovation (two of the most popular industries in the world at the moment), are still young.
Perhaps the strongest point why Luxembourg should be taken into consideration when relocating a business after Brexit is that this small country is a founding member of the European Union.
If you want to open a company in Luxembourg and need assistance, do not hesitate to contact our company registration agents in the Grand Duchy.