The Luxembourg shipping business - A wave of excellence | Brochure |
The Grand Duchy of Luxembourg, a maritime niche player
In the early 1990’s, Luxembourg took the first steps towards what today is recognised worldwide as a successful maritime regime. After having ratified the majority of conventions governing safety, working conditions and environmental protection, Luxembourg was put into the ranks of the European nations possessing a serious and attractive maritime flag.
Over the years, more and more groups operating in the maritime business have discovered the unique balance that the Luxembourg maritime regime strikes between regulation and flexibility.
As pointed out by the European Commission in its Green Book on a new maritime policy of the Union, even if most maritime activities are concentrated around coastal areas, the impacts of the maritime economy reach far beyond the coastal regions and therefore a well established connection with maritime actors in landlocked regions is of great importance.
The Luxembourg maritime regime is the perfect example of maritime business operating away from the coastal area, bringing the maritime economy in-land, yet still keeping close contact with the coastline as the Grand Duchy has major European ports within less than 300 kilometers reach. Moreover, the Luxembourg’s maritime industry benefits from a number of other critical resources, including one of the largest financial sectors in Europe enabling it to offer high quality, well-tailored financing solutions to meet maritime needs.
The shipping business should be considered in the perspective of the development of the logistics sector i.e. to enhance and foster Luxembourg as a major intercontinental logistics hub in Europe for high added value services in logistics.
In this third edition of our brochure on the Luxembourg maritime regime, the intention is still not to offer an exhaustive review of Luxembourg’s maritime regulatory and legislative regime, but rather to provide a useful guide to the numerous legal and tax advantages offered to maritime companies operating under the Luxembourg ensign.
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The Luxembourg shipping business - English version
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