Luxembourg is one of the tiniest states in the world but also one of the richest in terms of per capita income. The country is officiously titled the “Grand Duchy of Luxembourg” and is surrounded by various West European countries – France to the southwest, Belgium to the north and Germany to the east. Its total area is 2,586.4 km2 (82 km lengthwise and 57 km in width). Its northern region is made up of a the ridge of the Ardennes and typified by low-slung hills and tolls, while its southern region is larger and includes five diverse and distinct geographical areas (plains, impressive European forests and a green, fertile valley).
The climate is usually temperate with cold winters and pleasant summers, but also a relatively high measure of precipitation. The capital and also largest city is Luxembourg (City) and the general population is 540,000. The official languages are French, German, and Luxembourgish, although French is in predominant usage. It has been independent since 1815 when it separated from France, and is currently a global financial center drawing in many foreign companies and investments. Registering a company there is not a strategy suitable to all types of offshore companies but for companies that are suitable this destination can be a great success.For Viewing Luxembourg in Google Maps - Click Here
Luxembourg has a modern economic policy, maintains a market economy that shows continued and moderate growth, low inflation, very low unemployment rates and overall economic innovation. The majority of the economy is founded on various financial services that are regularly incentivized by a lenient tax policy. Also, it has comparatively diversified industrial, tourism and a small-farm agricultural sectors. The banking sector is vast relative to its size, and the extensive financial sector contributes hugely to GDP. Local currency is of course the euro. Corporate tax rates are 20%-21% applied to income from any source in the world for companies registered locally, but there are also breaks and exemptions for various companies (such as holding companies and others).
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