Luxembourg: The domicile of choice for financial services - Alfi

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III. a business friendly environment Financial and Political Stability 3. Country Risk 1. Financial and Fiscal Stability Indices. 3 Luxembourg is a highly stable EU Member State with sound public finances, relatively low government debt and low public deficits, which are the best guarantee of fiscal stability. According to Fitch Ratings, Luxembourg’s current public finances place it among the strongest of all triple-A rated sovereign issuers. 1 Standard & Poor’s summarizes the economic strengths of Luxembourg as follows: 2 Pronounced political stability and a consensus on prudent management of public finances. Strong, albeit gradually weakening public sector balance sheet, with the general government in a net asset position. Very high levels of wealth. 2. Political Stability Luxembourg is a parliamentary representative democracy with a constitutional monarch and a stable government. It is a founding member of the EU, NATO, the OECD, the United Nations and the Benelux Union, reflecting a political consensus in favour of economic, political, and military integration. According to Fitch Ratings, Luxembourg is among the leaders on measures of development and governance, with the highest per-capita GDP and one of the top rankings in Human Development and Corruption Perceptions Country risk (also known as political risk) refers to the risk of investing in a country, associated with the possibility of changes in the local business environment adversely affecting operating profits or the value of assets. Financial factors such as currency controls, devaluation and regulatory changes entail operational risks, as do security factors such as riots, civil war and other disturbances. In a recent country-risk survey published by Euromoney, Luxembourg topped the list of the world’s least risky countries with a score of 99.88 out of 100. 4 1 Source: Fitch Ratings Ltd., Credit Analysis, Luxembourg, 2009. 2 Source: Standard & Poor’s, Ratings Direct, 2009, Luxembourg. 3 Source: Fitch Ratings Ltd., Credit Analysis, Luxembourg, 2009. 4 Source: Euromoney Online, Country Risk Survey, 2009. 8
EU institutions and agencies headquartered in Luxembourg include the EU Court of Justice, the European Investment Bank, the European Parliament and Secretariat of the European Commission. More information is available on the homepage of the Central Service for Statistics and Economic Studies (STATEC – www.statec.lu). Luxembourg’s gross domestic product (GDP) per capita compared within other eurozone countries and the United Kingdom. 1 Government Debt and Deficits in the eurozone and the United Kingdom 2 1 Source: European Commission, Eurostat, 2009. 2 Source: European Commission, Eurostat, 2009. 9
Page 1 and 2: your guide luxembourg: the domicile
Page 3 and 4: table of contents I. Contacts 4 II.
Page 5 and 6: Luxembourg Stock Exchange (Bourse d
Page 7: Luxembourg is conveniently located
Page 11 and 12: Tax 1. Personal Income Tax Personal
Page 13 and 14: 2. Office Space Steady growth in de
Page 15 and 16: Immigration The new immigration law
Page 17 and 18: Labour, Healthcare and Pensions 1.
Page 19: IV. high standard of living A Cosmo
Page 22 and 23: Club, the Kikuoka Country Club, the
Page 24 and 25: ALFI ALFI (Association of the Luxem
Page 26 and 27: Authorisations by domicile 2.1% 2.5
Page 28: October 2010 alfi | association of

Luxembourg: The domicile of choice for financial services - Alfi

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