Luxembourg – a small state in the Center of Europe.
Luxembourg is well known for its political and social stability, the multilingualism of its skilled workforce and its high standards of living.
The Luxembourg Government actively encourages investment and innovation through a legal and regulatory framework designed to support business creation and economic development. Luxembourg’s fiscal climate is among the most favourable in Europe with the lowest VAT rate, moderate corporate income tax and an attractive personal income tax.
In the Luxembourg knowledge-based economy, innovative enterprises are encouraged to multiply their R&D activities through direct financial support of up to 50% of the costs of an industrial research project and up to 25% for a pre-competitive development project. Luxinnovation, the National Agency for the Promotion of Innovation and Research provides free of charge tailor-made assistance on national and European funding programmes.
As Intellectual Property is key to every innovative company, Luxembourg has put into place an interesting fiscal environment for IP. Income (including capital gains) from patents, trademarks, design, models, software copyrights or domain names acquired or created after December 31st 2007 benefit from an 80% tax exemption.
The House of Biohealth is designed to host companies active in Luxembourg’s target areas for economic development:
- Health Sciences and Technologies;
- Clean Technologies;
- ICT and media.