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Luxembourg
Luxembourg Geography, Economy, and Culture
The Grand Duchy of Luxembourg is a small, landlocked country in western Europe. It is bordered by Belgium, Germany, and France. A mix of French and German cultures, Luxembourg City (capital) is one of the official capitals of the European Union. The foreign-born makeup nearly half the country’s total population.
With one of the highest per-capita GDPs in the world, Luxembourg’s economy is one of the strongest in the world. It is also one of the world’s best performers in environmental protection and also ranks consistently highly in lists of the world’s most livable cities. Many large, high-tech companies such as Skype and Amazon, have built their regional headquarters there.
The official languages of the country are French, German and Luxembourgish, a Franconian language of the Moselle region. Proficiency in all three is a requirement for graduation from secondary school. In addition, English is also taught and most of the population can speak it.
| 2021 | |
| April 5 | Easter Monday |
| May 1 | Labor Day / May Day |
| May 9 | Europe Day |
| May 13 | Ascension Day |
| May 24 | Whit Monday |
| June 23 | National Day |
| August 15 | Assumption of Mary |
| November 1 | All Saints’ Day |
| December 25 | Christmas Day |
| December 26 | St Stephen’s Day |
- S.A. (Société anonyme)
- S.A.R.L. (Société à responsabilité limitée)
- Société à responsabilité limitée simplifiée (SARL-S)
- Société en commandite simple (SCS)
- Société en Commandite Spéciale (SCSp)
- Société en commandite par actions (SCA)
- Corporate Tax: 28.69% (17% income tax + 1.19% unemployment fund contribution + 6.0-10.5% municipal trade tax
- Income Tax (Lowest Marginal Rate): 8%
- Income Tax (Highest Marginal Rate): 45.78% (42% + 3.78% unemployment fund surcharge)
- VAT/GST/Sales Tax: 17% (standard rate), 3% (reduced rate)
- Advanzia Bank (Commercial Bank)
- Banque de Luxembourg (Commercial Bank)
- Banque et Caisse d’Épargne de l’État (Commercial Bank)
- Banque Internationale à Luxembourg (Commercial Bank)
- Banque Raiffeisen (Commercial Bank)
- BGL BNP Paribas (Commercial Bank)
- Central Bank of Luxembourg (Commercial Bank)
- Internal Audit Department, Luxembourg (Commercial Bank)
- KBL European Private Bankers (Commercial Bank)
- Precision Capital (Commercial Bank)
- Société Nationale de Crédit et d’Investissement (Commercial Bank)
- Societe Generalle (Commercial Bank)
- Ing (Commercial Bank)
- Intesa San Paolo (Commercial Bank)
- Deutsche Bank (Foreign Bank)
- BCEE (Foreign Bank)
- Societe Generale (Foreign Bank)
- BGL BNP Paribas (Foreign Bank)
- BIL (Foreign Bank)
- UniCredit (Foreign Bank)
- Intesa Sanpaolo (Foreign Bank)
Aadmi can support you with your expansion to Luxembourg. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
