Luxembourg competitive as cross-border and distribution centre in Europe

How to set up a hedge fund supplement, December 2010

luxembourg-introduction

The Grand Duchy of Luxembourg with a resident population of over 500,000 includes a large number of people from other countries – 40% of the total population. Every day over 140,000 people cross from neighbouring countries to work there. The Grand Duchy has three official languages – Luxembourgish, French and German – but English is spoken, as are many other languages.

Luxembourg is known for its tax efficiency and a business-oriented environment. The Grand Duchy hosts nearly 150 banks and claims

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