With 47% of the population made up of foreign nationals, Luxembourg is the EU’s most international country. Its international orientation is frequently highlighted in various rankings. The 2021 Global Financial Centres Index, for instance, globally ranks Luxembourg 8th, and considers it the most international financial centre in the world. The country also scores 3 times the EU average for the number of foreign doctoral students in the 2021 European Innovation Scoreboard.

Competitiveness and innovation

According to the 2021 IMD World Competitiveness Ranking, Luxembourg is the 12th most competitive economy in the world – an increase of three places compared to the previous year, although it has been ranked even higher in the past. The 2020 Global Innovation Index considers Luxembourg as the 18th most innovative economy in the world, while the 2021 European Innovation Scoreboard classifies it as a “strong innovator”.

We are looking to diversify the economy and bring in companies that can add to the digital and sustainable development of the country.

“Innovation is definitely a priority in Luxembourg,” says Jenny Hällen Hedberg, Head of International Business Development at Luxinnovation. “We are looking to diversify the economy and bring in companies that can add to the digital and sustainable development of the country. This is a small, tightly knit country where company executives can get personalised and professional help to establish their business.”

Excellent connectivity

Luxembourg’s outstanding IT infrastructure is also highlighted. According to the 2020 Digital Economy and Society Index (DESI), published by the European Commission, Luxembourg is well above the European average in the digital field and has the third best connectivity in the EU.

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Mission to Latvia presents potential business opportunities


A high-level business delegation comprising of 20 Luxembourg companies participated in the three-day official trade mission to Latvia, where an intensive economic and business programme was unpacked, with over 90 B2B meetings taking place on the side-lines. Luxinnovation’s Head of International Relations, Jenny Hällen Hedberg, underscored the effective collaboration between the organisers of the mission and key areas of interest that were identified as a result of interactions between Luxembourg-Latvian counterparts.
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How to succeed with your expansion into Europe: the experts’ top tips


Some success factors for international companies wanting to expand into the European market are quite obvious: having the right product/market fit and an offering that suits the culture and behaviour of European customers and finding the right business partners, for example. Others are less evident, but can be at least as important. We put together 9 key points from Luxembourg-based experts with decades of experience of advising international businesses about their entry to Europe.
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Fortress, history, identity


Art and history lovers can find their heart’s desire in Luxembourg City by walking along the so-called MuseumSmile, which is home to no less than seven museums.
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University of Luxembourg ranks 4th worldwide for its high international outlook


The University of Luxembourg was ranked among the top 250 universities in the world in the Times Higher Education World University Rankings 2023. The multicultural and research-oriented university in Luxembourg, comprised of over 50% of foreign students, was ranked fourth in the world for its international outlook.
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Luxembourg bags world’s best in talent attraction twice in a row


Luxembourg’s reputation as the world’s top talent magnet has once again been acknowledged in the 2022 Global Talent Competitiveness Index. For the second year in a row, the Grand Duchy retained its no. 1 position for attracting talents and was ranked 11th out of 133 countries assessed in the index, making it one of the top performers globally.
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