This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Bringing your art business to Luxembourg - Creating art-related finance opportunities in Luxembourg | Deloitte solution


DOWNLOAD  

Art-related opportunities

Deloitte Luxembourg is actively involved in the set up of an art and finance cluster in Luxembourg as part of the diversification of the Luxembourg’s economy. One milestone project is the planned Luxembourg Freeport, a duty-free and tax-free warehouse where valuable assets such as fine wine, artworks, jewellery, precious metals, etc. can be stored in a state-of-the-art environment for an unlimited period of time. The facility is expected to open for business in Q3 2014.

In addition to the Freeport, an immense IT infrastructure underpins Luxembourg. Notable developments include the recent heavy investment in technological infrastructure, to be one of the best data centre parks in Europe, as well as the establishment of a highly favourable IP regime. With these significant developments, Luxembourg creates an attractive environment for art-related finance or business activities to develop from Luxembourg to serve Europe and more. Luxembourg is quickly becoming a strategic place for developing and implementing art-related activities such as secured lending, online businesses, advisory services, investment activities, logistic hubs for art and collectible goods, new ventures, legal and tax services, etc.

How we can help you

Business consulting services: operational and strategic assistance for new ventures and/or new services development: market strategy, market studies, target audience, business plan, operational strategy, customer practice, IT solutions selection and RFP process, providers’ selection, HR assistance, cost control, project and programme management, etc.

Tax services: international tax planning, VAT analysis and optimisation, review and advice on residency, substance and potential permanent establishment risks/opportunities, tax compliance, valuation advice, tax-efficient repatriation strategy

Audit services: statutory and contractual audit of financial statements, agreed-upon procedures (domiciliation, custodian, central administration, etc.), review of valuation models and of performance fee calculation models, review of risk management models in line with CSSF 07/308 requirements

Page Last Updated

Share

 

Stay connected:
Get connected
Share your comments
More on Deloitte Luxembourg
Learn about our site

Recently published