Europe attracts thousands of investors every year; thanks to the great number of countries which are part of the European Union and thus provide for a unified legislation, starting a business here can be quite rewarding. Speaking about the European Union, Luxembourg can be considered its heart due to the fact that many of the EU’s institutions are located here.
Starting a business in Luxembourg is appealing not only because of its belonging to the EU, but also for many other reasons, some of them presented below.
Luxembourg’s central location in Europe is an advantage
Being located at the center of the Old Continent is definitely a privilege and those who decide to open companies in Luxembourg can benefit from that privilege. Thanks to its excellent infrastructure, Luxembourg offers great access to all other European countries and, in an era where time is one of the most important aspects of a business, traveling or sending goods in a timely manner is very important.
Luxembourg has a modern financial system
Luxembourg is mainly known for its financial system and yes, having a modern banking system is of great importance when doing business. Modern does not only mean having easy access to banks, but also a great level of security and where else than in Luxembourg can one find it?
Not straying too much from the financial system, it is also useful to know that some of the most sought types of businesses related to cryptocurrencies benefit from clear regulations in Luxembourg.
Luxembourg attracts many young entrepreneurs
Speaking about cryptocurrencies, Luxembourg was one of the first European countries to consider investing in innovation knowing how important this is for the new generation of investors. With good regulations, tax incentives for research and development activities and a good protection of intellectual property rights, Luxembourg represents an ideal destination for entrepreneurs.
Easiness of starting a business in Luxembourg
One of the most important aspects of starting a business is related to the registration of the company. From this point of view, Luxembourg has made important steps in providing an easy and accessible online system through which the business incorporation procedure was significantly improved.
Luxembourg has many advantages when it comes to starting a business and all one needs to do is study the market and decide on the best way to enter it. Open to foreign investments, Luxembourg can provide a niche or an entire industry for any type of investor.