What are the advantages of Luxembourg which may induce potential persons who want to invest in Europa and/or live in Europa, to choose Luxembourg ?
Here are good reasons for choosing Luxembourg.
International studies on the competitiveness of countries consistently rank Luxembourg among the first. What are the advantages that can incite investors to choose the Grand Duchy of Luxembourg as a competitive alternative in Europe? Here are ten!
Advantageous geographical location in Europe
Strategically located in the heart of Europe, Luxembourg is a nearby destination and easily accessible. Connected to the rest of Europe thanks to an excellent network of highways, an international airport and good rail connections (i.e. TGV from Paris and Strasbourg), the Grand Duchy is close to its European neighbours.
Open and safe country
The safety of persons and property in the Grand Duchy are also significant advantages. The Mercer study on quality of life regularly mentions Luxembourg City as one of the safest capitals in the world.
Great political and social stability
The political environment of Luxembourg is characterised by stable governments. In addition, the Grand Duchy is a country where negotiation and dialogue are the basis for social peace comprising social progress, social justice and respect for work.
Easy communication with public authorities
In a small-sized country, there are fewer bureaucratic hurdles. Reduced structures in the public institutions can shorten administrative procedures (fewer steps to take).
A business-friendly regulatory framework
Luxembourg is characterised by a high degree of adaptability to economic change with a highly flexible and responsive government and a business-orientated regulatory framework.
A competitive tax environment
Liberal economic policies pursued by successive governments have contributed to the creation of a predictable tax environment particularly favourable to investment. Luxembourg has signed numerous agreements to avoid double taxation, which are useful for all companies operating in the country.
A highly skilled and multilingual international workforce
Residents from more than 170 countries are living in the Grand Duchy. Over time, these different cultures have strongly influenced the country. In the same way, Luxembourg has always been marked by its location halfway between the Latin and Germanic cultures. These diverse influences are found at all levels: culture, art, gastronomy, sport … Moreover, the majority of Luxembourgers speak at least three languages, which is a clear advantage over other countries.
The Grand Duchy has excellent infrastructures on every level, whether in terms of basic infrastructure (transport, hosting structures, development areas…) or in terms of information and communication technology (information highways, data storage centres…)
Investment and RDI incentives
New instruments for investment aid and the new legislative framework to support research and innovation (Law of June 5, 2009) help to stimulate R&D activities within companies, regardless of their size and sector.
A high quality of life
According to several large international studies, the Grand Duchy of Luxembourg is a country with a very high quality of life.
The Grand Duchy is one of the few European countries on a small, more human scale. This has the great advantage that all hotels and all tourism and business infrastructures are quickly and easily accessible
Nearby and easy to reach
Strategically located in the heart of Europe, Luxembourg is an easily reachable destination for many visitors, easily accessible from all sides. Connected to the rest of Europe thanks to an excellent network of motorways, an international airport and good rail connections (including the high-speed TGV from Paris and Strasbourg), the Grand Duchy is close to its European neighbours.
The Grand Duchy’s political stability and the safety of both people and property are significant advantages. Mercer’s annual quality of living survey places Luxembourg City among the safest capitals in the world.
A European capital
The Grand Duchy of Luxembourg is an active and dynamic founding member of the European Union. Today, Luxembourg is not only an economic player of international renown but also the seat of several European institutions, making it a ‘European capital’. The country benefits from this European aspect of its history, both in terms of infrastructure as in terms of know-how.
Luxembourg boasts a huge diversity at all levels. This applies to the carefully maintained natural landscapes and to the countless reminders of its exceptional and varied past: historic castles, fortifications, museums, exhibition halls and galleries are witness to our country’s rich cultural heritage. A number have even been listed as UNESCO World Heritage sites.
Protecting its natural sites, developing its urban centres harmoniously, preserving the quality of everyday life: the Grand Duchy of Luxembourg is a staunch adherent to the principles of sustainable development, never losing sight of the well-being of future generations.
From the vineyards of the Moselle valley to the rocky landscapes of the Ardennes, the legendary ‘Red Earth’ in the southern part of the country — witness to a rich industrial past — to the Mullerthal, the Grand Duchy’s ‘Little Switzerland’, and the beautiful capital city, with its fantastic fortifications: the country offers extraordinary natural surroundings and countless exceptional landscapes.
Wine and sparkling wine from the Moselle valley, beer, honey, meat, butter and other gourmet delights — Luxembourg’s produce is famous throughout Europe, and the various quality labels ensure that ‘made in Luxembourg’ produce is of a high quality. The number of excellent restaurants, from the traditional rustic inn to the starred gourmet palace, points to the importance bestowed on the quality of gastronomy in the Grand Duchy.
Multicultural and multilingual
The Grand Duchy is currently home to people from more than 170 countries. Over time, these different cultures have strongly influenced the country, as has its geographical position halfway between the Latin and Germanic cultures. These influences have found their way into the Grand Duchy’s culture, art, cuisine and sports. Indeed, most Luxembourgers speak at least three languages, which is a clear advantage over other countries.
Source : Ministery of Tourism