Financial center

Luxembourg is now one of the major financial centres in Europe and the world. It holds the top spot within the EU in private banking and the fund business.

he foundations for establishing Luxembourg as the financial centre it is today were laid at the end of the 1960's. Lending was initially the main focus of Luxembourg's financial activities. Many other business activities were gradually developed in the subsequent years: e.g. private banking over 20 years ago and investment funds at the end of the 1980's. At the time, Luxembourg was the first country to implement the EU Investment Fund Directive in its national legislation. Luxembourg funds have an EU passport authorising them for distribution in EU Member States after a simplified procedure.

The principal fields of business in Luxembourg as a financial centre are now private banking, funds and loans. Luxembourg also offers advantages in reinsurance, securitisation, mortgage bonds and pension funds.

Luxembourg is well equipped to compete in the highly competitive environment of the global financial centres. Luxembourg has an attractive and highly diversified product range that is constantly being expanded. Luxembourg also has the benefit of being a stable and secure environment.

There is a climate of open-mindedness between the government and the financial sector. As a result, financial innovations can be introduced rapidly and on favourable terms. The flexibility of the financial centre combined with the expertise of the professionals involved allows it to respond quickly and promptly to new market trends and changed circumstances. In addition, a high level of service quality and professional standards has been achieved. Luxembourg offers experience and professional expertise in the financial sector.

More information on Luxembourg as a financial centre can be found by clicking here.

Working in Luxembourg