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International &
business-friendly
environment

Situated in the heart of Europe between Belgium, Germany and France, the Grand-Duchy of Luxembourg is one of the founding members of the European Union and enjoys equal status with Brussels and Strasbourg as oneof the three official EU capitals.

The country hosts key EU institutions the Court of Justice, Court of Auditors, European Investment Bank, Eurostat and other departments of the Commission and Parliament.

For decades, Luxembourg is also recognized as being an ideal platform for business and finance.
Working closely with the private sector and transposing rapidly the EU rules, the Luxembourg’s authorities have built a strong legal and tax environment designed to reward investment, entrepreneurship and cross-border business.

The Grand Duchy of Luxembourg ranks among the top global financial centres and is:

The premier private banking centre in the Eurozone
The second largest fund centre in the world, after the United States
The second largest exporter of financial services in the world after the UK and before Switzerland

Luxembourg benefits from Standard and Poor’s, Fitch and Moody’s coveted AAA country rating.

Public finances have recorded a budget surplus of circa 1.1% of GDP for 2015 (vs deficit of 1.6% for the ‘AAA’ median) and a Debt/GDP ratio at circa 21.9% at end-2015, also significantly lower than the ‘AAA’ median of 43.3%.* With a 2016 GDP growth forecast of 3.5%, Luxembourg is expected to grow significantly faster than the rest of
the Eurozone for the coming years.

Multicultural

BUSINESS & INSTITUTIONAL ACTIVITY :

Renowned for its banking center, one often forgets that the city of Luxembourg is also the headquarters of many European institutions. But furthermore Luxembourg is an excellent platform for dynamic business activity that is heterogeneous but not limited to financial activities.
GETTING THERE :

Luxembourg is connected to the far corners of Europe by a multitude of international rail links. The Capital city is linked to the TGV and
ICE network.

The central train station is situatedbr>10 minutes walking distance
from the city centre.

More informations on :

Luxembourg.public.lu Visitluxembourg.lu Culture.lu Lcto.lu

KEY FACTS

Luxembourg has an area of 2,586 km². 46% of the population is not of Luxembourgish nationality.
Every day, 150,000 cross-border commuters from Belgium, France and Germany come to work in Luxembourg.
The two dominant natural regions are “Éisleck” in the north, a plateau into the Ardennes, and the “Gutland” in the south, an undulating plain.

A third of the territory is forested, and half is used for agricultural purposes, of which about 1% is reserved for viticulture. The varied landscape is what gives Luxembourg its charm, with the many green areas offering both a recreational and touristic character.

Luxembourg has a subatlantic climate with a tendency to a wet and temperate climate. The average annual temperature is around 10°C.

Luxembourgish winters are on average wet and mild, and summers sometimes hot and dry.

Following the increase in population, Luxembourg has experienced, since the 1990s, a significant increase in urbanisation and the number of commercial activity areas (around Luxembourg City, in the canton of Esch/Alzette and around the Nordstad in Ettelbrück-Diekirch) as well as a dramatic increase in the number of communication routes (new roads and highways, railways).

The labour
market

Luxembourg experienced a significant shift in its labour market in the 1980s. From an industrial economy mainly based on steel, it rose to an economy dominated by services. The banking sector plays a major role, if not dominant.

Given the high demand of this sector for qualified labour, Luxembourg must recruit abroad, particularly in its neighbouring countries. Today, cross-border commuters account for 41% (155,000 people) of total employees in the Grand Duchy(375,000 jobs).

The labour market in Luxembourg is therefore atypical and largely dependent on an immigrant workforce. This characteristic may develop further in the future since Luxembourg is forced to maintain a very large active population in order to preserve its high social benefits.

quality
Lifestyle

Life is good in Luxembourg, which
was ranked above average for 10
out of 11 indicators explored in the
OECD\'s 2016 Better Life Index.

While Luxembourg was in the top
tier for income and wealth, social
connections, civic engagement,
jobs and earnings, work-life
balance, personal security,
subjective well-being, health
status, environmental quality,
and housing, it lagged below
average for education and skills.

The index enables people to
compare well-being across
countries based on 11 topics,
which the OECD has identified
as essential in the areas of
material living conditions and
quality of life.

The center of the country is also
home to no less than 150 different
nationalities that have chosen to live
in a city at the heart of action.

The cultural program that makes up
Luxembourg is made in the image of
its city: multilingual, multicultural,
creative and eclectic.

ART & SIGHTSEEING :

With its numerous exhibitions and museums, its fabulous architecture, its castles and fortifications, Luxembourg combines an incredible variety of fascinating cultural places.

HISTORY & MODERNITY :

High-tech buildings run alongside historic monuments reflecting a rich tapestry of urban experience. Discover Luxembourg through the ages by traversing its architectural landscape from the historical city center to its modern business centres.