Luxembourg
Demystifying stereotypes

LUXEMBOURG, A FINANCIAL PLACE

Thanks to rumour and the media, the general public often identifies the financial market of Luxembourg with a banana republic where almost everything, including what is prohibited, is allowed!
Nothing could be more inaccurate.
In the Grand-Duchy of Luxembourg, the economic life is regulated (access to the trade) and supervised by a sector supervision body;
The overall taxation rate is within the average European figures;
The social benefits, although highly competitive, is higher than in some adjacent countries.
BUT, he or she who manages his or her company conservatively, complies with the rights of people and companies and pays his or her taxes normally has a lot to gain from relocating in the Grand-Duchy. He or she will be recognised as a job and richness provider, not as an endless fiscal tank.

MONEY LAUNDERING

What does money laundering mean?

Money laundering is the action of concealing the origin of money acquired illegally (drug dealing, arms dealing, corruption, procuring).
European directive 2001/97/EC dated 28/12/2001 set a legal framework applicable to all European countries. The directive was transposed in Luxembourg law by the law dated November 12, 2004 and reinforced by the law dated February, 13 2018 (implementation of the European directive 2015/849)