The European Commission (EC)
has recently announced that Luxembourg’s economy
will continue to grow in the following two years. The same forecast was issued for other European economies as well, thus investors who want to open a company in Luxembourg
can expect positive results for their businesses. Our team of specialists in company formation in Luxembourg
can offer an in-depth presentation on the legislation applicable to various economic fields in which the investors are interested in.
Economic growth in Luxembourg
It is important to know that the Luxembourg economy
will increase in 2017 and 2018
by almost 4%, showing a solid increase. Foreign businessmen who are interested in company formation in Luxembourg
can find a reliable workforce
to be employed in their companies
and, in this sense, we mention that the EC’s projections
show that the employment will grow
. The unemployment level
is expected to decrease only on a marginally basis.
Tax reform in Luxembourg
One of the main points of the tax reform
should be of interest for foreign investors who are interested in company registration in Luxembourg
, as the corporate tax rate
was lowered. The corporate tax was reduced at 19%
and it is applicable in 2017, while in 2018, the corporate tax
will be imposed at the rate of 18%.
Another relevant aspect which should concern businessmen refers to the corporate tax rate
applicable to companies
which have a taxable income below EUR 25,000
. Such companies
will benefit from a corporate tax rate
of only 15%.
Most of the documents attesting legal aspects, contracts, statutory documents and so on have to be drawn in front of a public notary in Luxembourg. The parties are liable to paying the notary fees, established in accordance with the respective documents. In this sense, the new tax regulations specify that, in the case of notarial deeds referring to the transfer of debt agreements, the registration duty, imposed at the rate of 0.24%, will no longer be applicable.