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Luxembourg/ Invest in Luxembourg
Key Competitive Attractions
Luxembourg is strategically positioned between the three most industrialised countries in Europe, Germany, France and Belgium, giving it access to over 500 million consumers, and 80% of the EU’s GDP within a radius of 700 km. Thanks to this strategic position, Luxembourg has emerged as a notable finance, logistics, and ICT hub, with expertise in automotive components.
Key competitive advantages:
- Exceptional connectivity to key European and global markets
- A hub for added value logistics and finance activities
- A thriving innovation and technology environment
- Luxembourg airport is Europe’s 5th biggest air cargo hub, home to Europe’s top airfreight carrier, Cargolux.
- Easy access to the ports of the North Sea via quick rail links make Luxembourg a hinterland port of Amsterdam, Antwerp, Zeebrugge, Hamburg and Rotterdam.
- Easy access to Government and custom authorities, simplifying imports of goods into the EU with no red tape and no cost generated by the pre-financing of import VAT.
- Member of BENELUX, the Council of Europe, the EU, NATO, OECD, United Nations, and WTO.
- Strategic location just 10 km from the French border, 350 km Paris, 20 km from the German border, 275 km from Frankfurt, 15 km from the Belgian border and 200 km from Brussels.
- Approximately an hour away by plane from London, Paris, Milan, Zurich, Amsterdam, Munich, Vienna, Prague and Frankfurt.
- Consistent record of out-performing neighbouring countries on economic performance, thanks to high growth and low unemployment rates.
- Ranked 15th in the world and 3rd in the EU for “ease of paying taxes” (PwC)
- High quality of life – boasting exquisite, fairytale-like scenery, cosmopolitan cities, the highest GDP per head in the world, coupled with a moderate cost of living and high spending power.
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