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

Art & Finance - Generating value from art | Brochure


DOWNLOAD  

Bringing your art business to Luxembourg

Have you ever considered Luxembourg as a starting point to create art-related financial services or your own art market business? Luxembourg can offer you a unique and competitive environment

Art-related opportunities

Deloitte Luxembourg is actively involved in the setting up of an Art & Finance cluster in Luxembourg as part of the diversification of 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, artwork, jewellery and precious metals can be stored in a state-of-theart 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 build 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 represents an attractive environment in which artrelated finance or business activities can develop, serving Europe and further afield. Luxembourg is quickly becoming a strategic location for the development and implementation of 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.

Luxembourg in a nutshell

An ideal financial, legal, social and political environment

  • Centrally located in the European market and in the middle of the ‘Blue Banana’, where approximately 50% of Europe’s GDP is produced
  • A financially healthy country (AAA rating) in a stable social and political environment
  • A top-level financial cluster: the 2nd largest investment centre in the world behind the U.S., the main captive reinsurance market in the EU and the largest private banking centre in the eurozone
  • Among the top competitive countries in the world of pro-business attitude, with a multilingual and qualified workforce
  • A wide range of financial services for international investors, creating a concentration of highly sophisticated buyers

A competitive logistics hub

  • The Cluster for Logistics Luxembourg, launched in 2009, has set goals to strengthen collaboration and synergies between actors of the logistics sector
  • Luxembourg’s international airport, which is the 5th largest air cargo hub in Europe and the base of Cargolux—one of the world’s leading cargo airlines—has long been entrusted with the transportation of artwork
  • Great transport links with the rest of Europe: Luxembourg lies at the heart of a dense highway network, i.e. around two hours’ driving time from Brussels and Frankfurt, around three hours from Paris and the German Ruhr region, and around four hours from Amsterdam and Zurich

A top ICT business environment

  • A proactive government to develop new ICT opportunities
  • A pioneer in communication technologies and home to several leading brands in media and electronic services (eBay, iTunes, Microsoft, Skype, Amazon, etc.)
  • One of the best data centre parks in Europe
  • Highly favourable IP regime, which applies to copyrights, patents, trademarks and domain names

Page Last Updated

Share

 

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

Recently published