Living and working in Luxembourg | KPMG | LU

Living and working in Luxembourg

Living and working in Luxembourg

A tiny country full of surprises

A tiny country full of surprises

With a population of just over half a million, Luxembourg can’t help but be an underdog in most categories. And yet, it’s the second largest investment fund centre in the world (following the US), and boasts one of Europe’s liveliest fintech scenes. It’s third worldwide on the index of growth promise indicators according to a KPMG Global study, and is the most productive country in the world according to Expert Market.

None of this is accidental: Luxembourg’s government proactively updates its legal and regulatory frameworks to remain competitive, regulatory frameworks to remain competitive, together with a tradition of openness, has attracted banks, insurance providers, fund promoters, service providers, and innovative tech companies from all over the world.

Luxembourg's capital is a beautiful medieval city overlooking the Alzette and Pétrusse valleys, and the rest of the country offers idyllic landscapes dotted with towns and villages. The city's modest size offers convenience to many businesses: the airport is only a few minutes away; bus networks are good; and two huge marketplaces, France's and Germany's, are just across the border. Multilingualism is the norm, not the exception, and the country in very foreigner-friendly, with nearly half (47.5%) of the country's population being non-history, culture, and high standards tend to charm newcomers—and this is only to mention a few of its many attractive features.

 


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