WHY CHOOSE LUXEMBOURG?
- Strategic location in Europe with a high standard of living
- The availability of a qualified multilingual workforce speaking English, French, German and other languages
- Political and social stability
- AAA rating by Standard & Poor’s, Moody’s and Fitch
- Favourable tax treaty agreements with more than 70 countries, plus around 20 treaties pending
- Very competitive company taxation at 29.22% which is made up of a corporate income tax (CIT) of 21% plus a solidarity surtax of 7% of the CIT plus a municipal business tax of 6.75% (for Luxembourg City)
- Companies are also subject to a wealth tax of 0.5% of net assets with certain exemptions
- No withholding taxes on dividends, paid to EU or double tax treaty resident companies, otherwise 15%
- No withholding tax on interest and royalties
- Lowest VAT rate in Europe at 17% or less
- Very competitive personal tax rates up to a maximum of 40%.
- Very low social security rates of maximum 12% for employees and 15% for employers.
