Heart of Europe - the place of your dreams
Located in the heart of Europe, the constitutional monarchy Luxembourg has a thriving economy. It is one of the safest places in the world and home to more than 170 different nationalities from all over the world. It is not a lie to say that Luxembourg is rich in its diversity! The annual GDP growth in 2018 almost hit 5%, which is one of the highest in Europe. Furthermore the GDP per capita is one of the highest in the world! With a population of 600.000 people, 40.000 people come from third country nationals and this number is increasing every year! Moreover, 46% of residents do not hold the Luxembourgish nationality.
Luxembourg is a European capital city and 10.400 residents are working at European institutional organisations such as :
- the Secretariat of the European Parliament;
- various departments of the European Commission;
- Court of Justice of the European Union;
- Court of First Instance;
- European Court of Auditors;
Perfect place for your business
As domestic employment grows annually between 1,5 and 2,5% and as the population grows annually by 3%, Luxembourg is a perfect place to start up your own business. You have to fulfil the needs of the locals as well as of the growing number of tourists. In this perspective, it is of high interest that 41% of the working population is highly qualified and that every local person is at least proficient in German, French, English and Luxembourgish. All four of those languages are being taught in the school to every pupil!
Luxembourg - a research center
Luxembourg has four public research centers and there are numerous private research centers in Luxembourg related to industry such as
- Dupont de Nemours,
The University of Luxembourg ranks among the best young universities in the world. In this respect, it is important to note that Luxembourg created a secure intellectual property environment to promote research and development.
The country of your dreams - a lot of opportunities
From 2020, the Luxembourgish Government decided to make public transportation free for everyone!
All of the beforementioned leads to the good rankings of Luxembourg in international rankings for quality of living, popular country among expats and one of the desirable places to work and to live.
The financial industry in Luxembourg contributes 27% to the GDP of the country. 141 banks and 4141 investment funds managing net assets totaling EUR 4.000 billion. Luxembourg is the number one in Europe and number two in the world behind the United States in managing assests. At the same time Luxembourg is strongly supporting and pushing its FinTech sector consisting of 150 start-up companies.
The ICT sector has grown stronger than the economy in general with an annual growth of 7,4% between 2009 and 2013. This certainly results from the perfect ICT infrastructure including 28 highly secure data centers, attractive taxation, progressive regulation and a genuine sectoral policy to attract major global players :
- Verizon Business,
- Apple iTunes,
- Vodafone., etc
Google is planning to invest EUR 1 billion into a data center as well. Luxembourg will also have its own High Performance Computer!
Luxembourg is home to RTL Group, the leading European TVA and radio broadcaster as well as to SES, which is the world’s leading provider of communication and broadcasting services with more than 50 satellites.
The Governments’ commitment to diversification is also visible in the logistic sector. Luxembourg ranks second out of 160 countries in the World Bank’s Logistics Performance Index! A strong logistic center requires a strong Air Cargo center. Luxembourg’s Air Cargo center ranks 6thin Europe and Cargolux, an all-cargo airline, is one of the world’s largest of its kind.
Luxembourg offers much more such as the a strong steel industry, car industry. It launched its Space Industry Initiative with the aim to realize space mining in the future http://spaceresources.public.lu/en.html.
You can read more under this link : http://luxembourg.public.lu/en/publications/k/cc-economie-luxembourg/cc-economie-luxembourg-en-pdf.pdf
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