Luxembourg

With its focus on safeguarding privacy, this financial centre combines legal and tax benefits with specialist knowledge of the needs and expectations of sophisticated international customers.

The concentration of experienced managers and specialist skills ensures that this multilingual centre of expertise holds a dominant position in finance and wealth management.

Key figures*: a powerful financial sector

• 125 banks from 28 different countries in September 2021,
• €821 billion in assets on the balance sheet (March 2019),
• 1st private banking centre in Eurozone,
• 2nd global investment funds centre after the US,
• 3rd GDP per resident,
• The highest productivity in the world.

*sources: CSSF, OECD, Banque Centrale de Luxembourg, ABBL, World Bank, IMF.