General Information


  • Low tax rates or no tax 

  • Stable and reputable banking  

  • There are three languages spoken in Luxembourg 

  • Double tax treaty agreements are signed with 57 countries 

  • No withholding tax on interest and royalties



  • Highly dependent on a large financial sector 

  • Economy vulnerable to eurozone economic conditions 

  • The long-term budgetary impact of an aging population 


Luxembourg, a landlocked country in Western Europe, is bordered by France, Belgium, and Germany. The official languages of Luxembourg are Luxembourgish, French, and German. 


The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector, which now accounts for more than 30% of gross domestic product (GDP), has more than compensated for the decline in steel. Most banks are foreign-owned and have extensive foreign dealings. The economy depends on foreign and cross-border workers for about 70% of its labor force. 


Even though Luxembourg was impacted by the global economic crisis that began in 2008, the country continues to enjoy an extraordinarily high standard of living. Luxembourg's growth in volume terms was 2.6% in 2018 and is foreseen to be 2.5% in 2019. 


Located at the heart of Europe, Luxembourg has established a reputation as a favored location for a wide range of international companies from a variety of sectors with diverse business models. Luxembourg provides companies with the capability to establish and adopt business, regulatory, and tax framework for added-value activities in Europe and beyond. Luxembourg is a unique gateway to the European market, 500 million-plus consumers (and around 70% of the EU's wealth) are concentrated in a 700-kilometer area around the Grand Duchy. 

Legal Information

Tax Information

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