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Luxembourg for Headquarters
To improve competitiveness, multinational companies are increasingly looking to optimize their organizational corporate structure by either establishing regional headquarters or relocating global headquarters functions all together. Headquarters and their relevant functions are no longer necessarily located close to the company’s manufacturing activities or any other operational activities. The key is to strike the right balance between economies of scale and market proximity. It is no doubt that Luxembourg has much to offer in this context. What makes Luxembourg stand apart as the perfect location for corporate headquarters is the unique combination of assets:
- Outstanding political, economic and social stability
- Strategic geographical location at the heart of the European Union;
- State-of-the-art communications and transportation infrastructure;
- Excellent international accessibility and connectivity;
- Business friendly legal and regulatory environment;
- Rewarding tax environment;
- Moderate labor costs;
- Easy access to political decision makers;
- Multilingual and highly skilled workforce;
- High standards a living and a huge quality of life.
Many of the world largest corporations successfully leverage Luxembourg’s strengths for the following HQ functions:
- Holding activities;
- Group financing;
- Treasury activities (cash management, foreign currency & interest rate management, trade financing etc.);
- Accounting & invoicing;
- Administrative & reporting services;
- Group reinsurance
- Shared services (supply chain management, logistics, sales & Marketing, R&D, IP management etc.)