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Articles

The Attributes of the Business Environment in Luxembourg

Written by: Editor

 
 
Vitality, competitiveness, stability, and consistency are among the important attributes which can be used when talking about the business background in Luxembourg. Local and foreign entrepreneurs in the country enjoy the advantages of doing business here, as the Grand Duchy offers not only openness but also confidence and support regarding the foreign investments and the businesses placed in varied key sectors. Related to the business environment, it is good to know that the company registration process in Luxembourg is subject to fewer formalities and easy ways of incorporation, a matter where you can receive complete support and guidelines from our specialists in company formation in Luxembourg.
 

The benefits of opening a business in Luxembourg

 
There are many reasons to consider that Luxembourg is an attractive destination for business. One of them is related to the highest productivity of the Grand Duchy of Luxembourg which, according to statistics made for the EU (European Union), it represents the most competitive country in Europe and the second one for the stable and healthy economy. Also, it has the highest labor productivity, due to a skilled workforce and excellent tax regime which directs to both companies and employees in Luxembourg. There are more than 170 different nationalities registered in the Grand Dutchy, placing the country on the third position for Global Talent Competitiveness. In this matter, the salary scheme is extremely appreciated, and the focus is on young and talented workers who successfully fill in the labor market in Luxembourg.
 
Another reason why the business environment is stable and respected in the Grand Dutchy is the summary bureaucracy compared to other states worldwide, and furthermore, the political firmness and neutrality plays a major role when deciding for business. Luxembourg is located in the heart of Europe and represents an important financial center approved and respected on an international plan. If you are interested in the attributes of the business environment in Luxembourg and the key sectors in which you can register your company, we suggest you talk to one of our company formation agents in Luxembourg.
 

The key industries for business in Luxembourg

 
As a major center for developing a business, Luxembourg eased the ways in which the foreign investments are placed. The tax regime is favorable so is the legislation related. There are numerous big companies that have decided to operate their activities in the Grand Dutchy in fields like automotive, finance, IT, science, logistics, maritime, manufacturing, or creative industries. The start-ups are also encouraged in Luxembourg, and young entrepreneurs who place their businesses here have also the chance to develop beyond borders of the Grand Dutchy.
 
A leading financial center like Luxembourg is among the best options, if not the main one, for properly placing the business in all kinds of developed and valued industries. Entrepreneurs who want to be part of the favorable business background in Luxembourg are recommended to solicit complete support for company incorporation.
 
Please feel free to contact our company formation representatives for information.
 
 
 
 

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