The Grand Duchy of Luxembourg is a small, landlocked state in the heart of Western Europe. Luxembourg enjoys an excellent strategic location – sharing borders with Germany, France and Belgium.
Luxembourg has always punched above its weight internationally. The Duchy was a founding member of the European Union, OECD, United Nations, NATO, and Benelux. The country’s capital, Luxembourg city, is one of the European Union’s three capitals (alongside Brussels and Strasbourg) – and a number of key EU institutions are based here.
Luxembourg’s economy, renowned for its stability and dynamism, is dominated by high-income sectors, and Luxembourg is the second-richest country on earth by PPP. Services dominate Luxembourg’s economy, with banking and finance accounting for most of the country’s economic output. The second largest hub for investment funds behind the USA, Luxembourg is the foremost banking centre in the Eurozone.
Luxembourg’s government has sought to boost its high-tech sector, promoting start-ups and inviting IT firms (including Amazon and Skype) to set up their regional bases in the country. Traditionally dominated by the steel industry, Luxembourg’s industrial sector has diversified in recent decades to include rubber and chemicals.
HLB’s Luxembourg professionals offer clients complete and integrated services so as to respond to their needs in matters of international financial engineering, fiscal planning and inheritance tax planning.
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