Ideally situated at the heart of Europe and benefiting from a skilled multicultural and multilingual workforce, Luxembourg is a leading centre for companies in both financial and non-financial industries. Luxembourg is one of the founding members of the European Union (EU) and its capital city, Luxembourg City, is one of the EU’s three official parliamentary capitals alongside Strasbourg and Brussels. The global financial community has recognised Luxembourg’s sustained competitive edge with AAA credit ratings.
Business in Luxembourg
Luxembourg is one of the most competitive financial centres in Europe – ranked third after Zurich and London. The banking sector is the driving force behind the nation’s economy and accounts for about one-third of the country’s GDP. The success of its financial industry is due to its cross-border financial expertise, range of financial services offered, political stability, skilled staff, and availability of a qualified multilingual workforce. From building Europe’s number one international fund distribution platform, to the listing of the world’s first Green Bond, Luxembourg has been a pioneer for many decades.