Luxembourg is one of the wealthiest countries in the world. This is why many entrepreneurs are so intimidated by the idea of creating a business in Luxembourg. But the internet has made the dream of starting a business in Luxembourg more attainable than ever. You already know that many brick-and-mortar stores eventually create an online presence, but have you ever thought of doing it the other way around? Why not create a Luxembourg-based business website with Luxembourg-based web hosting, and then create a business in Luxembourg?
If you’ve been looking into starting a European business for a while, we’ll point you in the right direction. Do you have eye on France or Denmark or some other European country? Well, if you don’t have Luxembourg on your radar yet, here are ten good reasons to do business there.
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10 reasons to start a business in Luxembourg
1. It’s a great location
Luxembourg is right in the heart of Western Europe. There are many daily flights to London. Berlin is less than two hours away. Paris is less than an hour away by plane, and Brussels is a three-hour train ride away. This makes it a great gateway to other European markets.
2. Businesses thrive in Luxembourg
Unlike other countries that create barrier after barrier against outsiders seeking to build businesses within their walls, Luxembourg makes it easy to do business. This is because the government wants you to do business in Luxembourg. Luxembourg’s flexible legal policies make it an ideal environment for people who are interested in creating a startup in Europe.
3. Luxembourg has a stable economy
Luxembourg has a triple-A rating with all credit rating agencies. In fact, its economy is known for creating jobs with long-term prospects. This means that you can focus on growing your business without worrying about financial upheavals, inflation, or a currency that shifts unpredictably.
4. Luxembourg is multilingual
Located right in the middle of Western Europe, Luxembourg is a melting pot of people who speak different languages. The country boasts three main languages Luxembourgish, French and German. English is used as the lingua franca in the business and finance sectors. However, if you go for a stroll in the streets you’ll hear a mix of Portuguese and Italian. The more languages you can do business in, the wider your reach.
5. State-of-the-art digital infrastructure
Luxembourg is right on the cutting edge of innovations in tech and communication. For years, Luxembourg has been steadily working to build a reputation as a force to be reckoned with in the digital landscape. You can trust that any website you build using servers located in Luxembourg will be fast, reliable, and an asset to your business.
6. Travel is easy
You already know that Luxembourg has a great central location, but that doesn’t count for very much if there’s no way of getting anywhere. Luckily, Luxembourg has excellent infrastructure for transportation via air, land, and water. And in Luxembourg, public transport is free!
7. It’s easy to set up a high-quality website
We’ve already talked about Luxembourg’s excellent digital infrastructure, but there are other reasons it’s easy to set up a great business website in Luxembourg:
- Luxembourg has excellent web hosting services, with servers located in Luxembourg, so your website will load quickly.
- Good web hosting services in Luxembourg will offer 24/7 support, so you’ll have someone to walk you through any difficulties you run into.
- Great hosting companies in Luxembourg offer a minimum of 99% uptime, so you can trust that your website will be up and running almost all the time. Downtime is so rare with Luxembourg-based web hosting that you can pretty much expect to never experience it, barring some unforeseen event.
8. Luxembourg is beautiful and safe
With the juxtaposition of the old and the new that makes Europe so beloved, Luxembourg is a great place to live and raise a family, if you ever decide to expand your website to a physical business. There are castles everywhere, the nightlife is vibrant and exciting, and the environment is lush and clean.
“Luxembourg is ranked one of the safest countries in the world.”
Its excellent healthcare system, robust social welfare system, and lush greenery make it one of the most peaceful and pleasant places in which to live.
9. Luxembourg places a strong emphasis on innovation
Luxembourg encourages innovation. So, when you’re in the Research & Design stage of development, you can get access to numerous grants to fund your projects. This makes it easier to get some of your wilder ideas off the ground.
10. Luxembourg is multicultural
Luxembourgers are used to interacting with people from different cultures. That means that if you ever decide to move there, you won’t have to worry about a lot of the unpleasantness that can come from entering a homogeneous society as a foreigner. Instead, you can expect a warm Luxembourg welcome!
Luxembourg is a thriving country in central Europe, and it’s a great place to start a business. If you can’t make the move just yet, why not start your business with a Luxembourg website, build your brand, and then go from there? Lots of people have already done it. And this way, you have nothing to lose!