Guardian Industries Corp., Amazon, Millicom, Paypal, Apple iTunes, Rakuten, DuPont Teijin Films, Fanuc Robotics, Skype and Delphi are just some examples of the international groups that have chosen Luxembourg for their European business headquarters. To these names can be added firms with a global HQ in the Grand Duchy: ArcelorMittal (the world’s leading steel producer), SES (the world’s largest satellite firm), Cargolux (the largest all-cargo airline in Europe) and RTL Group (a major pan-European broadcaster).
These businesses were attracted by different factors: a central location providing easy access to a single market of 500 million inhabitants, the availability of a qualified, multilingual workforce, a diverse range of research centres, the pleasant quality of life, a stable political, social and economic environment, competitive tax and social security costs, a modern legal and regulatory framework and a wide network of double-taxation treaties.
Highly specialised service providers are able to help entrepreneurs chose and establish the most appropriate structure for their business. This might be a "classical" commercial company, a financial investment company (Soparfi), a family wealth management company, a venture capital company or a securitisation vehicle.
Multinational groups, small and medium sized businesses and start-ups can all tap into several state-backed measures designed to support and encourage economic diversification. Two dedicated financial institutions, the National Credit and Investment Company (SNCI) and the Office du Ducroire, offer financial support in the form of loans and export financing.