Business in Luxembourg

Syllabus of the Subject - Doing Business in Luxembourg (Course,
Master).
- Introduction to the Grand Duchy of Luxembourg (European Union)
- Luxembourger Economy: one of the most important financial centres of Europe
- Doing Business in Luxembourg
- Luxembourger Foreign Trade
- Foreign Direct Investment (FDI) in Luxembourg
- Access to the Luxembourger Market
- Business Plan for Luxembourg
The objectives of the Subject “Doing Business in Luxembourg” are the following:
- To analyse the Luxembourger Economy and Foreign Trade
- To know the business opportunities in the Luxembourger Market
- To analyse the Luxembourger trade relations with the country of the student
- To know the Luxembourger free trade agreements as a member of the European Union (EU)
- To develop a business plan for the Luxembourger Market
Description of the Online Subject: Doing Business in Luxembourg
The Grand Duchy of Luxembourg (Europe)
- Luxembourger Capital: Luxembourg
- Official Language of Luxembourg: French, Luxembourger, German
- Luxembourger Area: 2,586 square kilometres
- Luxembourger Population: 543,202 of people
- Type of Government: Parliamentary Monarchy
- Borders of Luxembourg: France, Germany and Belgium
- Luxembourg is a landlocked country
- Independence of Luxembourg: 1867 (Netherlands)
Religion in Luxembourg: Catholicism (Christianity)
Luxembourg belongs to the Western-Christian Civilisation (European Economic Area)
Economy of Luxembourg.
- The Grand Duchy of Luxembourg is one of the most important financial centres in Europe (28% of
the Luxembourger GDP): investment funds and high-risk, private banking, capital management
- Luxembourger GDP (nominal): 31,376 million EUR
- GDP per capita: 68,500 euros (one of the largest in the world)
- Luxembourger Currency: Euro (1999)
- Luxembourg is a member of the European Union since 1958
- Luxembourg has an outstanding logistics platform thanks to its strategic position between France, Belgium and Germany
- The Luxembourger steel industry is crucial
- Luxembourg offers significant tax advantages for companies (it is one
of the European Countries with least taxes)
- There have been several scandals related to the tax evasion that has hit companies like Pepsi Cola, Ikea, Procter & Gamble, FedEx, Accenture, Burberry, JP Morgan, Deutsche Bank or Amazon
- The OECD does not consider Luxembourg as a tax haven
- Arcelor Mittal, the world steel leader, has its headquarters in Luxembourg
- 60% of the workforce is foreigner
- The Headquarters of the Court of Justice of the European Union are in
Luxembourg
Luxembourger Foreign Trade.
- The main Luxembourger Exports are machinery, steel products, chemical products and rubber
- Top Export Markets of Luxembourg: Germany (23%), France, Belgium, Italy
- The main Luxembourger Imports are minerals, metals, aeroplanes, chemical products, luxury products
- The main suppliers of Luxembourg are Belgium (31%), Germany, France, the United States
- As a member of the European Union, Luxembourg is a beneficiary of the EU Free trade agreements
with the ASEAN,
Egypt,
Jordan,
Lebanon, Ukraine, Moldova, Georgia...
International economic relations of Luxembourg
- International Chamber of Commerce
- World Bank
- Organisation for Economic Cooperation and Development (OECD)
- World Trade Organisation
- Economic Commission for Europe (UNECE)
- Group of States of the European Council Convention against Corruption (GRECO)
- European Union
- International Monetary Fund (IMF)
- European Investment Bank (EIB)
- European Bank for Reconstruction and Development
- Organisation for Security and Cooperation in Europe (OSCE)
- United Nations
- Asia-Europe Economic Meeting (ASEM)
Examples of the Subject - Foreign Trade and Business in Luxembourg:


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