At the heart of EuropeLocated 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 stabilityLuxembourg'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 aspectWith
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 traditionToday,
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 reputationThe
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.