The number of entrepreneurs in the country, which in 2019 was even higher than the European average, saw a sharp fall in the space of the last 3 years — from 10,2% to 6,9%. But with recently renewed interest in private ventures, many residents and non-residents alike believe that registering a company in Luxembourg is a step towards a professional apex.
In 2013 to 2020 there have been 27,400 businesses created. Almost half of them — in the knowledge-based service industry: professional, scientific and technical services, education, health, information and communication.
The Luxembourg government has been working on making life easier for entrepreneurs by simplifying the administrative procedures. Now the majority of steps can be done online through governmental portal MyGuichet, but this option is available rather to those who already have access to government services with a personal account.
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