Security, economic and political stability, rigorous regulation on financial markets
Luxembourg, officially the “Grand Duchy of
Luxembourg”, is a country located in Western Europe.
It is bordered by Belgium, Germany and France.
With a population of approximately 635,000 people
and an area of 2,586 square kilometers, Luxembourg
is the most important financial center in Europe.
As a representative democracy with a constitutional monarchy, it is headed by grand duke Henri – “Grand Duke of Luxembourg”. Luxembourg is a highly developed country, with an advanced economy and one of the world's highest GDP (PPP) per capita. It is also a founding member of the European Union, NATO, OECD, the United Nations, and Benelux, reflecting its political consensus in favor of economic and political integration. This European nation is the seat of several institutions and agencies of the European Union. On 18 October 2012, Luxembourg was elected to a temporary seat on the United Nations Security Council for the first time in its history.
As a financial services provider, Luxembourg is the “leading” investment fund center in Europe and the second one in the world, just behind the United States. The reason for that is a highly tuned legal and regulatory framework that combines rigorous investor protection with an unequalled degree of flexibility in fund design, a flexibility that allows products to be tailored to the needs of a specific market or client group.
Luxembourg's culture is a fusion of Romanic and Germanic Europe, integrating customs of each. Accordingly, Luxembourg is a trilingual country: Luxembourgish, French and German are official languages. Luxembourg is the “premier” private banking center in the Eurozone. Today, fund management and private banking represent the leading activities of the Luxembourg financial center. Financial sector professionals, including banks and wealth managers, dedicate a large part of their efforts to developing and delivering individually tailored services.
Luxembourg is not a “Tax Haven”, and it is characterised by a strong culture
of investor protection and rigorous anti money-laundering policies.