Between 2026 and 2028, the government plans to open seven new diplomatic and consular missions, accompanied by the deployment of financial experts to key international postings.
The initiative was announced on 7 January by Xavier Bettel, Minister of Foreign and European Affairs and Foreign Trade, Minister for Development Cooperation and Humanitarian Affairs, alongside Minister of Finance Gilles Roth. The participation of the Minister of Finance underlined the government’s intention to more closely align diplomatic action with the strategic development of Luxembourg’s financial centre.
Under this approach, financial experts seconded from the Ministry of Finance will be integrated into selected embassies and consulates. Their mandate will focus on identifying market opportunities, maintaining regular dialogue with local financial authorities and regulators, promoting the strengths and specificities of Luxembourg’s financial centre, and supporting financial sector stakeholders in their international projects.
While Ministry of Finance officials are already present within Luxembourg’s Permanent Representation to the European Union in Brussels, this marks a significant step towards establishing a more structured and dedicated network of financial experts abroad. Comparable financial centres have long relied on such specialised presences to support market access, regulatory dialogue and sector development.
The financial experts will be deployed across approximately ten strategic locations. In Europe, postings will include London and Zurich. In the Americas, experts will be based in existing representations in the United States, namely Washington, New York and San Francisco, as well as the future consulate general in Austin, Texas. A presence is also planned for São Paulo, Brazil, where the opening of a consulate general is under consideration. In Asia, financial experts will be assigned to the newly opened embassy in Singapore, as well as to future consulates general in Mumbai and Hong Kong.
Through this enhanced financial diplomacy, Luxembourg aims to strengthen its international positioning, deepen engagement with key markets, and provide more targeted on-the-ground support for the continued development of its financial centre.