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Monday, 08 September 2008
 
 
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Luxembourg Print E-mail
At the heart of Europe
Located at the crossroads of key European cities and a founding member of the European Union, Luxembourg is home to a number of European institutions, including the European Investment Bank, Court of Justice and Court of Auditors.

Political and social stability
Luxembourg's political authorities have always enjoyed a reputation for pragmatism and shown an outstanding capacity for change and compromise. They have constantly supported and contributed to the country's continued development and importance as a financial centre, both at European level and on the world stage.

Cosmopolitan aspect
With foreigners making up one-third of its population, Luxembourg has proved its vocation as an international player. The multilingual and multicultural population is a trump card in attracting foreign investment.

Long-standing financial tradition
Today, Luxembourg is ranked eighth among the world's financial markets and second for investment funds in Europe. Since holding company legislation was introduced in 1929 and the euro markets were finally launched during the 1960s, the country has developed into a financial centre and a magnet for both investment funds and private banking. Luxembourg has always remained at the forefront of investment products.

Sound reputation
The statutory framework has always been guided by a desire for pragmatism and liberalism, but not without strict control principles. The growth of the financial marketplace has always been kept under the watchful eye of supervisory authorities.

 
 
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