BUSINESS-FRIENDLY ENVIRONMENT

The political stability of Luxembourg is marked by a political culture of consensus where the traditional parties coexist within the context of broad agreement on key issues.

 

In this context, a group of key ministers have been allowed to remain in government for a significant period of time providing continuity in important policy initiatives under successive coalition governments, with an emphasis on economic policies.

 

This business-friendly political environment is conducive to welcoming decision-makers and entrepreneurs. Attracting international players is considered paramount in building an efficient business framework and economic growth, and has enabled Luxembourg to establish a permanent and innovative business community.

 

An illustration is the recent special tax regime for highly skilled workers aimed at attracting a specialized workforce in areas such as Private Equity.

 

Luxembourg is also well known for its role within the European Union.

 

As a founding member of major international organisations such as BENELUX, the Council of Europe, the European Union, NATO, OECD, and the United Nations, Luxembourg has influence that belies its size, especially within Europe.

 

It is host to many European Union institutions amongst which departments of the Commission and the Council, the Investment Bank, the Court of Justice, the Court of Auditors and the Statistical Office.

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