Historically, the country has had a stable economy characterized by good growth, low unemployment and low inflation. In addition, both French and German are spoken in the country which is an advantage for international companies wishing to establish themselves on the market.
Swedish brands and quality has a strong reputation in these countries. The economy is dependent on foreign workforce, which today represents about one third of the country's total employment. Luxembourg has been affected by the global recession, but has managed to maintain high growth.
Luxembourg's main advantages are the geographical location and the internationally-skilled employees. Moreover, low taxes are offered.
Financial markets are constantly developing and the Government considers it important that the country's attractiveness for international companies remains high, and one of the factors is to keep low taxes.
The country is located in the heart of Europe. Halfway between London, Paris and Frankfurt, Luxembourg has direct access to all important European markets. Over 30,000 companies from around the world have chosen Luxembourg as a base for doing business.
Business opportunities for international companies: - Logistics and engineering industry
Cecilia Helland