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Bringing your art business to Luxembourg

Luxembourg can provide you with a unique competitive environment

Luxembourg has a proven expertise in wealth management, an attractive approach to taxation and a geographical location right in the heart of the biggest art market in the world.

Have you ever considered Luxembourg as a starting point to create art-related financial services or your own art business?

Luxembourg Art & Finance cluster

Bringing your art business to LuxembourgLuxembourg government actively supports any initiative that can contribute to create an Art & Finance cluster in Luxembourg.

As part of this project, the government has voted on 14 July 2011 to set up a Freeport at the Findel airport, completing the amended law of 12 February 1979 concerning Value Added Tax. 

The Freeport will be 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. Deloitte Luxembourg works closely with the Luxembourg government for the development of this Art & Finance cluster.

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.

Luxembourg in a nutshell

An ideal financial, legal, social and political environment

  • Centrally located in the European market, 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., 1st captive reinsurance market in the EU, 1st private banking centre in the Eurozone
  • Among the top competitive countries in the world for 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
  • An international airport, 5th largest air cargo hub in Europe, home base of Cargolux, one of the leading cargo airlines worldwide which has long been entrusted with the transportation of artworks
  • Great transport links to the rest of Europe: Luxembourg lies at the centre 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

Business opportunities

  • A proactive government to develop new ICT opportunities
  • A pioneer in communication technologies and home for 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

Our services

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 business?

Contacts

  • Adriano Picinati di Torcello
    Directeur - Art & Finance
  • Contact and registration form
    To keep informed on Art & Finance events, please fill in this form

Related link

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