Doing Business in Luxembourg (Course, Master)

Syllabus of the Online Course (Subject) - Doing Business in Luxembourg.

1. Introduction to the Grand Duchy of Luxembourg (European Union)
2. Luxembourger Economy: one of the most important financial centres of Europe
3. Doing Business in Luxembourg
4. Luxembourger Foreign Trade
5. Foreign Direct Investment (FDI) in Luxembourg
6. Access to the Luxembourger Market
7. Business Plan for Luxembourg

The objectives of the Online Course / Subject “Doing Business in Luxembourg” are the following:

1. To analyse the Luxembourger Economy and Foreign Trade
2. To know the business opportunities in the Luxembourger Market
3. To analyse Luxembourger trade relations with the student's country
4. To know Luxembourger free trade agreements as a member of the European Union (EU)
5. To develop a business plan for the Luxembourger Market

Description of the Online Course: Doing Business in Luxembourg

The Grand Duchy of Luxembourg (Europe)

1. Luxembourger Capital: Luxembourg
2. Official Language: French, Luxembourger, German
3. Luxembourger Area: 2,586 square kilometres
4. Luxembourger Population: 543,202 of people
5. Type of Government: Parliamentary Monarchy
6. Borders of Luxembourg: France, Germany and Belgium
7. Luxembourg is a landlocked country
8. Independence: 1867 (Netherlands)

Religion in Luxembourg: Catholicism (Christianity)

Luxembourg belongs to Western Christian Civilisation (European Economic Area)

Economy of Luxembourg.

1. The Grand Duchy of Luxembourg is one of the most important financial centres in Europe (28% of Luxembourg GDP): investment funds and high-risk, private banking, capital management
2. Luxembourger GDP (nominal): 31,376 million EUR
3. GDP per capita: 68,500 euros (one of the largest in the world)
4. Luxembourger Currency: Euro (1999)
5. Luxembourg is a member of the European Union since 1958
6. Luxembourg has an outstanding logistics platform thanks to its strategic position between France, Belgium and Germany
7. The Luxembourger steel industry is crucial
8. Luxembourg offers significant tax advantages for companies (it is one of European Countries with least taxes)
9. There have been several scandals related to tax evasion that has hit companies like Pepsi Cola, Ikea, Procter & Gamble, FedEx, Accenture, Burberry, JP Morgan, Deutsche Bank or Amazon
10. The OECD does not consider Luxembourg as a tax haven
11. Arcelor Mittal, the world steel leader, has its headquarters in Luxembourg
12. 60% of the workforce is foreign
13. The Headquarters of the Court of Justice of the European Union are in Luxembourg

Luxembourger Foreign Trade.

1. The main Luxembourger Exports are machinery, steel products, chemical products and rubber
2. Top Export Markets of Luxembourg: Germany (23%), France, Belgium, Italy
3. The main Luxembourger Imports are minerals, metals, aeroplanes, chemical products, luxury products
4. The main suppliers of Luxembourg are Belgium (31%), Germany, France, the United States
5. As a member of the European Union, Luxembourg is a beneficiary of the EU Free trade agreements

International economic relations of Luxembourg

1. International Chamber of Commerce
2. World Bank
3. Organisation for Economic Cooperation and Development (OECD)
4. World Trade Organisation
5. Economic Commission for Europe (UNECE)
6. Group of States of the European Council Convention against Corruption (GRECO)
7. European Union
8. International Monetary Fund (IMF)
9. European Investment Bank (EIB)
10. European Bank for Reconstruction and Development
11. Organisation for Security and Cooperation in Europe (OSCE)
12. United Nations
13. Asia-Europe Economic Meeting (ASEM)

Examples of the Course (Subject) - Foreign Trade and Business in Luxembourg:

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