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As a key financial hub in Europe, Luxembourg is always at the forefront of significant business developments. Over the past two weeks, the Grand Duchy has witnessed several noteworthy events and updates that highlight its dynamic business environment. Here’s a recap of
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Unlocking Business Potential: A Guide to Company Formation in Luxembourg Why Luxembourg? Luxembourg, often referred to as the heart of Europe, offers a strategic location, political stability, and a business-friendly environment. It’s no wonder that this small yet influential country is a
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One of the key drivers which Luxembourg Investment is at an all time high is the country’s ability to attract investment. At the European level, the study has been serving as a benchmark for 23 years. It uncovers both the reality of
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On 19 April 2024, a Grand Ducal Decree on CRS was published in the Official Gazette. The Grand Ducal Decree dated 18 April 2024 amends the previous Grand Ducal Decree dated 23 December 2022 and modifies the list of CRS Participating and
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Luxembourg travellers will be able to book a taxi through their Uber app from June, marking the end of a long wait for the ride-sharing service to set foot in the Grand Duchy. The entry of the global taxi giant into the
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Luxembourg’s market regulator said that investment funds in the country witnessed a 1.7% increase in net assets in March, continuing a trend observed over the past six months, with total net assets reaching €5.585trn as of 31 March 2024. The Luxembourg Financial
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Skin-care company’s majority owner seeks to take company private in plan valuing company at €6B Reinold Geiger, the billionaire owner of Luxembourg-based L’Occitane International SA, wants to take the skin-care company private in a move that could end its 14-year run on
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Luxembourg was previously quite deeply immersed in the web if you can call it that. In 2019, the year before the pandemic, 96% of its inhabitants had used the Internet at least once in their lives. By 2023, that figure had risen
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Luxembourg taxes its corporate residents on their worldwide income and non-residents only on Luxembourg-source income. Businesses with taxable income lower than 175,000 euros (EUR) are subject to corporate income tax (CIT) at a rate of 15%. Businesses with taxable income between EUR 175,000
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Brief Summary From 1 January 2024 onward, investment tax credits will change in the following ways: Detailed Look On 19 December 2023, the Luxembourg Chamber of Deputies adopted a law to modernize the current investment tax credit; it will take effect 1
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