Luxembourg Law
Located in the heart of Europe, Luxembourg is offering an exceptional range of assets and opportunities for doing business in European Union.
The Grand Duchy is an international financial centre and is a prime location for companies eager to expand into Europe.
Luxembourg’s effective corporate income tax is among the most favourable in Europe and there is the lowest level of VAT in European Union.
The attractive tax climate is completed by accelerated depreciation and tax credits applied to qualifying investments and it contributes to high return on investments, so the Grand Duchy is a favourable environment for start-ups.
After several years, on 13 July 2016 a new legislation modernising the company law (‘loi 10 août 1915 concernant les sociétés commerciales’, as amended from time to time in www.luxembourg.lu) and the civil code was adopted by the Luxembourg Parliament (it will be effective after its publication in the Luxembourg official gazette, ‘Mémorial A’ in www.legilux.public.lu, and after a transitional period of 24 months following the entry into force).
In brief the new legislation aims to develop new legal instruments to attract investor, multinational and private equity firms, and introduces important changes in Luxembourg company law.
We are providing our Clients legal services when they review their legal documentation and we are ensuring that it fits with their needs, besides legal services on all aspects of corporate law.