| LUXEMBOURG, a dynamic financial centre |
| Luxembourg, situated at the heart of Europe, has a well-developed communications network allowing easy access to the European market. The main advantages of the Luxembourg financial centre are by no means limited to the country’s privileged geographic position, its political and social stability, its linguistic pluralism, and its cosmopolitan population and atmosphere. It also enjoys particularly favourable economic conditions, such as the freedom of movement of capital and effective banking supervision. |
 |
| Most of the financial and legal institutions of the European Union such as the European Investment Bank, the European Court of Auditors ad the European Court of Justice are established in Luxembourg. In fact successive governments have taken the necessary steps to create a legislative environment capable of ensuring the security of transactions, thus enabling banks, investment funds, insurance and reinsurance companies to develop. About 175 Luxembourg and foreign banks being established in the country have contributed to strengthen Luxembourg as a financial centre enjoying a high reputation. Luxembourg is the seventh most important financial centre in the World. The flexible approach adopted by the authorities and their limited interference in the economy, a favourable business environment are factors which make Luxembourg an attractive place where to establish commercial and financial companies. |