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  • Writer's pictureLuxRelo

Main Reasons to Move to Luxembourg

There are many reasons why people are attracted to small Luxembourg, it goes from a low crime rate to the multicultural diversity of the country. But also the ease of dealing with public authorities, and one of the highest standards of living in the world.

The Grand Duchy of Luxembourg is one of the smallest country (2,586 sqm) of the world with a population of around 560,000 inhabitants. It's landlocked between Germany, France and Belgium. It is a Constitutional Monarchy under a system of Parliamentary Democracy.

Safety: Luxembourg is one of the safest country in the world to raise a family (6th safest place according to the World Economic Forum).

The Population is Multicultural: Nearly 47% of the people living in Luxembourg are foreigners from more than 170 nationalities. Most of them are coming from the EU (86%). You also have more than 180,000 commuters coming to work in Luxembourg every day from the neighboring countries.

A Unique Multilingual Place: You have 3 official languages - Luxembourgish, German and French. The people living in Luxembourg are used to the fact that in the same place at the same time, different languages are spoken. Nearly everyone speaks English and it's considered the language of business. The multilingualism of the workforce is considered to be a key asset in attracting new businesses to Luxembourg. By the time they leave school, Luxembourg children speak on average four languages!

Great Infrastructure: Luxembourg has an excellent road system and communications network. The communications infrastructure is among the best in the world which has aided the growth of the financial and banking sectors. According to the Network readiness index 2015, Luxembourg is ranked n° 1 for international internet bandwidth. Rail provides one of the main method to transport goods to and from Luxembourg. Luxembourg has good road and rail and air connections with the rest of Europe, making it an increasingly popular destination for international meetings as well as for extended weekend stays.

One of the Center of the European Institutions: You have the European Parliament, the European Commission the European Court of Justice, the European Court of Auditors, the European Investment Bank, the European Stability Mechanism, the Consumers, Health, Agriculture and Food Executive Agency as well as the European Investment Fund. Around 11,000 people work for the institutions in Luxembourg.

Business Friendly & Strong Economy: Luxembourg is a unique gateway to Europe with direct access to major EU market. It has a business-oriented government and easy access to decision-makers. The Grand-Duchy is one of the most competitive economy in the world according to the World Economic Forum. The government encourages research and collaboration between the private and the public sector in key sectors such as Automotive, BioHealth, ICT, Fintech, Production Technologies, Space and Logistics. Pro-business policies have enabled Luxembourg to meet the challenges of economic change over the past decades. A free market approach gives businesses a broad freedom of action. Many key industrial firms are located in Luxembourg, like ArcelorMittal, Goodyear, Guardian, Dupont, Ferrero, etc

Wealthy Country: For long the economy was based on manufacturing and financial sectors, but now Luxembourg is increasingly promoting itself as a technology hub and home to data centers (Companies like Skype, Amazon, Paypal have their European Headquarters in Luxembourg). Government invest heavily to ensure that taxes are kept low and that the financial environment is favorable to investors. The favorable economic and political situation in the country as well as its strategic location in the heart of Europe have led to a growth of the value and diversification of the service industry in Luxembourg in general.

Amazing Luxembourg: The Old City of Luxembourg and its ancient quarters have been part of the UNESCO Cultural World Heritage since 1994. The Grand Duchy is a great tourist destination with a multitude of sumptuous landscapes. It is famous for having numerous ancient-medieval castles, and scenic valleys, which produces some of the finest wines in the world.

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