The government is increasingly keen to attract entrepreneurs to Luxembourg as well as to nurture entrepreneurial ambitions among the country’s residents - and is providing financial incentives and other forms of assistance to encourage them.
In addition to general business support, loans, grants or other types of funding may be available for specific projects to help small businesses, or to persuade companies to establish themselves in areas designated for economic development. How can business founders and owners make the most of these opportunities?
Officials are targeting certain types of business. In order to diversify the country’s economy and develop areas other than financial services, as well as to support goals such as improving the country’s climate footprint, the government is prioritising sectors such as IT and other technological development, environmental protection and energy efficiency.
As a first port of call, the House of Entrepreneurship information centre within the Luxembourg Chamber of Commerce and the government-backed guichet.lu information portal provide useful information on creating a company and the support available to entrepreneurs.