PDF BookLuxembourg Investment Climate Statement 2015

[Get.VMim] Luxembourg Investment Climate Statement 2015

[Get.VMim] Luxembourg Investment Climate Statement 2015

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Book Details :
Published on: 2016-03-24
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Original language: English

Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. Over the past five years, Luxembourg’s economy has evolved significantly, through greater sectorial diversification and openness in both regulations and foreign direct investment opportunities. Diversification of the economy away from the historically-dominant financial sector (including both banking and investment fund services) began in earnest a decade ago, in 2004, when key future industries were selected as economic growth vectors: logistics; information and communications technology (ICT); health technologies (including biotechnology and biomedical research); clean or “green” technologies (solar, wind, and alternative energy sources); and more recently, space technologies (focusing on satellite development). Subsequently and partly as a bi-product of the world financial crisis that started in 2008, Luxembourg came under fire from other European Union (EU) Member States, as well as international organizations such as the Organization for Economic Cooperation and Development (OECD) for being a so-called tax haven, mainly due to historic banking secrecy laws. With the advent of the U.S. Foreign Account Tax Compliance Act (FATCA) and the EU-mandated Automatic Exchange of Information Law for bank savings accounts, replacing the previous automatic withholding of taxes on savings, Luxembourg was pressured into reform toward greater openness – which has in fact created opportunities for increased foreign direct investment, as they move away from a non-transparent image. The Luxembourg investment climate is more conducive than before to U.S. investment, and plenty of opportunities exist for U.S. businesses in the key growth sectors mentioned above. The Government of Luxembourg (GoL) is actively seeking out logistics companies to expand the new logistics hub at Findel Airport – integrated into the Luxair Cargo Center, the leading air cargo hub in Europe with Cargolux, Luxembourg’s all-freight airline – and also ICT companies to use the new state-of-the-art Data Centers, affording high-speed internet connectivity to major international data hubs (Paris, Frankfurt, Amsterdam). U.S. biomedical research and biotechnology firms are already actively invested and working in the growing Bio Bank (Integrated Bio Bank of Luxembourg, IBBL), co-founded with U.S. institutes in Phoenix, AZ and Seattle, WA in 2008. Luxembourg has positioned itself as “the gateway to Europe” to establish European company headquarter operations by virtue of its central European location and advanced road and railway connectivity. However, as Luxembourg continues to modernize its regulatory framework – reducing bureaucracy and streamlining processes for work visas and new company registrations – issues of size of market (small market at 520,000 population) and continued European-legacy inefficiencies (government centralization; high costs and rigidity of labor market; and generous social benefits) will endure for some time to come. Investment Funds in Luxembourg - A technical guide ... Investment Funds in Luxembourg introduces Luxembourg as a center for investment funds the types of funds available the regulations applicable to the formation Global energy investment down 8% in 2015 with flows ... Global energy investment down 8% in 2015 with flows signalling move towards cleaner energy (London) 14 September 2016 2015 Investment Climate Statement - India Millennium Challenge Corporation Country Scorecard. The Millennium Challenge Corporation a U.S. Government entity charged with delivering development grants to ... Investment Climate Statement - Egypt 2015 Executive Summary. After a year of economic reforms Egypt wants the world to know that it open for business and ready for investment. The country has rallied around ... All press releases - European Investment Bank Press; Date Name; 10/02/2017: France : premier financement direct de la BEI avec le Conseil Dpartemental de la Gironde: 10/02/2017: Estonia: InvestEU: Graphene ... Luxembourg - Wikipedia The recorded history of Luxembourg begins with the acquisition of Lucilinburhuc (today Luxembourg Castle) situated on the Bock rock by Siegfried Count of Ardennes ... Luxembourg City - Wikipedia The highest point of Luxembourg City is Kneiff at 560 m closely followed by Burgplatz at 559 m and Napoleonsgaart at 554 m. Topography. Luxembourg City lies on the ... Climate action EIB Our approach to climate action. All of our climate action work aims to put EU climate policy objectives into practice and is guided by our climate strategy. International law and tax experts - CMS Our 3000 dedicated law and tax experts in over 30 countries provide clients with advice in a wide range of law and tax matters. Get in contact with us! The World Factbook Central Intelligence Agency St. John's Church was originally built in 1606. It became the place of worship for Benedictine monks from Neumunster Abbey in the Grund District of Luxembourg City.
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