Since 1980, Luxembourg has successfully pivoted from the steel industry and developed into an EU-leading investment fundsâ€™ domicile and a private banking centre thanks to a continuous improvement of its legal and regulatory framework. The success of this strategy stemmed from social and political stability given its multi-party system where no single party has a chance of gaining power alone. Frequent consultation between government, legislator and private sector promoted Luxembourgâ€™s position as a financial centre attracting more than 140 banks, insurance companies, investment fund promoters and specialist service providers.
Today, the Luxembourg financial centre is characterised by a strong culture of investor protection and rigorous anti money-laundering policies. Its human capital is multilingual and multicultural, with a long tradition of financial expertise and extensive knowledge of the needs of an international clientele. Apart from finance, Luxembourg positioned itself as an important tech hub with a focus ranging from space exploration to blockchain technology and biotech thanks to investments in education and research centres.
From a logistical point of view, the transport network is excellent and places Luxembourg at a crossroads of the Europe, only 2h15 from Paris, and with connections to northern Germany, Brussels, Strasbourg and Switzerland. Luxembourg also has an attractive, modern airport, thus offering rapid and practical connections to the principal European capital cities.