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Luxembourg

Luxembourg Flag

Country: Luxembourg
Region: Europe
Currency: Euro (EUR) (€)
Languages: French, German
Time Zone: UTC +1

Phone Code: +352

Communications: Good

Formation Cost: 9000 - 15000 USD$
Formation Time: 2 - 3 days
Maintenance cost: 7000 - 11000 USD$

Executive Summary: Luxembourg's government has successfully encouraged development of a diversified financial sector. It has the second most extensive banking industry in Europe after London, and its private banking sector is possibly the EU’s biggest. The Stock Exchange specialises in collective investment funds and is close to dominant in this sector in Europe. Luxembourg has certain types of 'holding' company suitable for international investments, although they cannot trade themselves. UCIs (collective investment funds) are also taxed on a low basis. There is a withholding tax on non-residents' investment returns under the EU Savings Tax Directive. Income Tax and Municipal Business Tax on Profits give a nearly 30% marginal corporation tax rate for domestic trading, but that hardly seems relevant.

Suitable for: Wealth Management, Treasury Management, Banking, Insurance, Fund Management, Shipping, Trading Goods, Trading Financial, Intellectual Property/Licensing, Holding Companies
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, public limited companies, branches, general partnerships and limited partnerships

Capital primary business districts: Luxembourg

Good Relationships: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom

Bad Relationships: Burma, Egypt, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Moderate

Headline tax rates: CIT 20%-29.2%, PIT 15%-42.8%, VAT 15%

Treaty Jurisdictions: Armenia, Austria, Azerbaijan, Bahrain, Barbados, Belgium, Brazil, Bulgaria, Canada, China, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Kazakhstan, Korea, Republic of, Latvia, Liechtenstein, Lithuania, Macedonia, Malaysia, Malta, Mauritius, Mexico, Moldova, Monaco, Mongolia, Morocco, Netherlands, Norway, Panama, Poland, Portugal, Qatar, Romania, Russia, San Marino, Seychelles, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Tajikistan, Thailand, Trinidad and Tobago, Tunisia, Turkey, United Arab Emirates, United Kingdom, United States, Uzbekistan, Vietnam

TIEA Jurisdictions: None

Information Links:

 

 

 

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