Luxembourg is a wealth management and fund management center of the EU.
Luxembourg bases its status as a global wealth management center on more than 100 years of experience. The small country is known to be a financial center and many foreign investors choose to open an investment fund in Luxembourg. The financial sector is very well developed, offering asset management and general banking services, but also wealth restructuring, tax planning, succession planning, risk management or special philanthropic services.
Most clients seeking wealth management or private banking solutions in Luxembourg come from other EU countries and only around 40% of them come from the rest of the world.
The Duchy has a good regulatory regime, which is in line with EU regulations, and it offers a multitude of solutions for opening several types of investment funds. Asset managers and investors who wish to learn more about the wealth management options they have in the Grand Duchy can speak to one of our trustee experts in Luxembourg.
Why set up in Luxembourg?
Luxembourg is both a world-class financial center and a country recognized for the strength of its economy and the quality of life it offers its residents.
Luxembourg is politically stable. Its public debt is very low.
With its AAA rating, which illustrates sound public finances, its attractive economy and its financial centre, Luxembourg performs better than the EU average.
Luxembourg offers a diverse range of financial services connecting investors and markets around the world.
Its unique cross-border expertise attracts international financial service providers. Luxembourg is the ideal place to finance the European and global activities of companies of all sizes.
The city has become one of the three official seats of the European Union and hosts its jurisdictional and financial institutions (Court of Justice, European Investment Bank, Court of Auditors, etc.) as well as many multinational banks allowing the city to achieve world renown and the rank of an international financial centre.
You will therefore benefit from a very high standard of living and an environment conducive to business thanks to its strategic location in Europe, at the heart of the Greater Region, its economic and political stability as well as its attractive tax environment. Moreover, its legal framework aimed at promoting intellectual property and R&D activities, not to mention the presence of a highly qualified, multilingual and mobile workforce, only increases the attractiveness of the country.
Some figures for the year 2019:
• Unemployment rate of 6.4%
• 6% inflation
• 1% of GDP public debt
• 3% GDP growth over 5 years
Luxembourg is also:
of the EU's financial centres01
3rd rank worldwide
for the international activity02
1st Market share
in listed green bonds worldwide
of 12 European Institutions
10th on 125
in terms of competitiveness to attract, retain and develop talent06
Luxembourg enjoys a privileged location in Europe :
2h30 by car
1h30 by plane
2h15 by train
45min by plane
1h40 by train
Other reasons to set up your company in Luxembourg
With its population of 600 000 habitants :
Luxembourg is the largest cross-border labor market in the EU
With more than 35,000 companies established
1.5 million consumers within a radius of 30km from its borders
+ More than 200,000 FRENCH / GERMAN / BELGIAN cross-border workers
A highly developed international and multilingual education system – children speak at least 3 languages
+/- 170 nationalities: different nationalities live together
All public transport
free in 2020
1st country in the world to make all public transport free
in the world
GDP / Inhab. (2018) : 96 700 €
2nd city with the most
facilities in the EU
(EU Flash Eurobarometer 419, Quality of life in European cities)
for safety and security
(Expat Insider 2018)
4th best city
for the level of its health services in the EU
(EU Flash Eurobarometer, Quality of life in European cities)
Core population between 25 and 55 years old
Your trust accountant in Luxembourg City