Luxembourg Moves Forward - The Luxembourg Freeport Is An Example

A tax-free hub for high-value assets

The Luxembourg Freeport opened its doors in September of last year. It is a 22,000m² high-tech logistic platform for storing valuable goods, located at the international airport. It is used by corporate and private collectors, investors, banks, museums, family offices, investment funds and others, who benefit from the Freeport's storage and related-services.

The Luxembourg Freeport is unique in the European Union, and it enhances the attractiveness of Luxembourg as a wealth-management centre. Customers from Luxembourg's financial centre are now able to source services in Luxembourg in respect of their valuable collections.

A work of art

Luxembourg continually diversifies its financial centre, particularly the range of products it offers. In these turbulent financial times investors are increasingly choosing art, which tends to maintain or increase its value. The Freeport gives investors the option to fly into Luxembourg, browse the high-value goods on offer and trade in a single location.

The highly secured Freeport complements Luxembourg's fund industry. Funds that can invest in a broad range of assets, such as the Luxembourg Specialised Investment Fund (SIF), are able to trade in art, precious metals, diamonds, jewellery, wine and other collectables as alternative investments in Luxembourg's tax-friendly environment.

Benefit to the funds industry

Luxembourg's excellent reputation for funds makes it the second largest market for investment funds after the United States. Luxembourg's financial centre also enjoys a steady growth in the domiciliation and administration of alternative investment vehicles.

The presence of the Freeport promises to change the landscape of the...

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