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The 2019 Best Countries rankings are based on how global perceptions define countries in terms of a number of quantifiable characteristics. These perceptions influence decisions related to trade, travel and investment and thus have a direct impact on national economies.

The report covers a total of 80 countries. Switzerland tops the overall ranking, followed by Japan, Canada, Germany, the United Kingdom and Sweden. Luxembourg is ranked 19th, but stands out in several key categories.

Most open for business

For the second consecutive year, Luxembourg is in the first place in the “open for business” subranking, a position the country also held in 2016. This high ranking is due to the country’s favourable tax environment, transparent government practices and low level of corruption. Luxembourg also has a top score for allowing trade across borders and ranks highly for its way of dealing with construction permits.

Best countries to headquarter a corporation

Today, companies are more mobile than ever and will often locate their headquarters where they perceive that conditions are most favourable. This depends on the national trade and tax policies as well as on the global economy and political and business shifts in power.

The ranking is based on a global perception-based survey covering almost 6,000 business decision makers. Luxembourg ranks 3rd best place to headquarter a corporation, after Switzerland and Canada.

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“Efficient support, impressive open-mindedness”

09-07-2024

Japanese deeptech startup Thermalytica speaks about launching its innovative insulation technology from Luxembourg for European market expansion.
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Teraki opens Luxembourg office with plans to scale

03-07-2024

In April 2024, German Teraki registered a new office in Luxembourg, from where it plans to expedite market entry for AI-driven autonomous vehicle solutions.
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Exploring European business expansion at Nexus 2050

01-07-2024

Numerous international innovative companies attended tech event Nexus 2050 to discover opportunities for further European business expansion through Luxembourg.
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15 startups graduate from the Fit 4 Start #14 programme

28-06-2024

The 2024 Fit 4 Start Graduate Showcase, held at Luxexpo The Box alongside the Nexus 2050 event, celebrated 15 startups that successfully completed the 14th edition of the startup acceleration programme managed by Luxinnovation.
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Luxembourg's investor appeal surges

18-06-2024

72% of senior executives surveyed by EY plan to invest in Luxembourg within the next year. The country also remains the top destination for FDI projects per capita.
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