Luxembourg is a landlocked country in western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France to the south, and is the world‘s only remaining grand duchy. Luxembourg is the world‘s second largest investment fund center after the United States, the most important private banking centre in the eurozone and Europe‘s leading center for reinsurance companies. Its capital Luxembourg City Luxembourg was ranked as having the highest per capita GDP in EU with the city having developed into a banking and administrative center. Retained earnings and reserves of Luxembourg company can be transfered into share capital which is beneficial for capital transfer in EU. Luxembourg has low tax rates and no capital tax.
