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Sources of Growing Entrepreneurship in Luxembourg

Written by: Editor

Sources-of-Growing-Entrepreneurship-in-Luxembourg.jpgForeign investors who are interested in opening a company in Luxembourg can have positive prospects on this market, as the local statistics office, STATEC, announced at the end of 2016 that the state of the entrepreneurship in this country increased in the last years. The number of the newly formed companies increased in 2015, up to 10.2%, compared to a number of 7.1% in 2014. It is important to know that the growth is correlated with the Gross Domestic Product (GDP) increase, which developed in the last years as well. Our team of company formation representatives in Luxembourg can provide more details on the regulations related to the registration of a company.
 

Global Entrepreneurship Monitoring study in Luxembourg 

 
The information presented on the state of entrepreneurship in Luxembourg is a part of the Global Entrepreneurship Monitoring study, which included 61 countries and 2,000 respondents from the respective states. 
 
Businessmen who are interested in the procedure of company formation in Luxembourg must know that the country is situated as the top economy amongst the neighbouring states in terms of the state of the entrepreneurship. In this sense, we mention that Luxembourg has the highest number of newly formed companies. Our team of company formation agents in Luxembourg can provide more information on this matter. 
 

Main sources related to the development of the entrepreneurship  

 
There are several reasons related to the development of the business environment in Luxembourg. One of the most important reasons refers to the strong drive for independence the local entrepreneurs have. 
 
At the same time, it is necessary to mention that there is a higher rate of men interested in becoming entrepreneurs (11.6%), compared to the rate of women (8.7%).  
 
Foreigners interested in company registration in Luxembourg ought to know that there is a high interest of immigrants who want to establish a company here, as 15.1% are involved in business activities. 
 
Moreover, it is important to know that a large number of companies are incorporated in the field of social entrepreneurship. Luxembourg represents the top jurisdiction in this field at a European level. 
 
Businessmen interested in finding out more details related to the entrepreneurship legislation available in this country are invited to contact our team of company formation consultants in Luxembourg
 

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The team from CompanyFormationLuxembourg.com is very qualified and benefits from extensive expertise in this area. I would definitely recommend them to any entrepreneur decided to start his own business here.

Mihai Cuc, Partner of
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www.romanianlawoffice.com

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