The evolution of Luxembourg into an international financial centre began as American, German, and Swiss Banks initiated business development in the Euromarkets.
The activities of the financial centre spread progressively wider, firstly to private banking and asset management and later to investment funds. A series of niche activities were added over the course of the last twenty years and today the Luxembourg financial centre is broadly diversified. This success is based first and foremost on a modern legal and regulatory framework which is particularly business friendly. As a Member State of the European Union, this framework is largely predefined by European Directives.
Today the Luxembourg financial centre is the largest investment fund centre in Europe – and second in the world after the United States – the leading private banking centre in the Eurozone and the largest captive reinsurance centre in Europe.
standard on transparency and information exchange in tax issues, the so-called “Automatic exchange of information” (AEOI
Main advantages of Luxembourg
Today the Luxembourg financial centre is the largest investment fund centre in Europe – and second in the world after the United States
IN THE HEART OF EU
A founding member of the European Union, Luxembourg is a member of all the major international organisations. Its strategic location and openness towards the outside world, its political and social tability based on a c
STABLE, FLEXIBLE, RELIABLE
The legal and regulatory framework is stable enough to be reliable and flexible enough to be adapted rapidly to an ever-changing environment. These factors, combined with an excellent logistical and communications infrastructure, make Luxembourg an ideal gateway to the European market and its 500 million consumer.
Luxembourg has been awarded AAA ratting by all of the major credit ratting agencies. Also Luxembourg has highest GDP per person in the world.