Start-ups choose to set up companies in Luxembourg for a variety of reasons. “CYBAVO was originally created in Taiwan and is headquartered in Singapore,” explains Roberto Machado, General Manager EMEA at CYBAVO. “When our client base in Europe started to grow, we decided that we needed an office in the EU. We met the Luxembourg Trade and Investment Office in Taipei who explained how crucial cybersecurity and fintech are for the Luxembourg government and industry. We discovered that Luxembourg is at the centre of the EU and has strong start-up and financial ecosystems, a highly educated and international workforce and three languages – German, French and Luxembourgish, which would help us bridge different European markets in one shot. This made us choose Luxembourg over some other European regions.

Setting up companies in Luxembourg to take off and scale

Marius Klimavicius and Antanas Petrovas, Blackswan Space, speak about setting up companies in Luxembourg“We were looking for a country to scale Blackswan Space,” says Marius Klimavičius, CEO of the Lithuanian start-up. “We looked at Germany, Switzerland and a few others and found that Luxembourg is very welcoming, even to pre-revenue start-ups. It has many similarities with Lithuania, and a really good long-term vision for the space sector. In spite of some initial challenges, the country has not given up but continues to invest, create a space business community, develop its space policies and effectively integrate into the global space industry.”

Luxembourg is very welcoming, even to pre-revenue start-ups.

Caroline Assaf, Founding Director of CoCo World, has quite a different story. “I came to Luxembourg for personal reasons. When looking for a job here, someone encouraged me to pick up the edutech idea I had worked on in Canada and suggested that I speak to the Ministry of Education. I thought I had nothing to lose, so I set up a meeting with the ministry and explained my idea. Two weeks later, they told me that they were willing to support my idea through an EU-funded project! We received €500,000 in equity-free funding and the company was off.”

A natural choice

“For me and my Irish co-founder, it was also quite natural to launch our company here as we were both working in Luxembourg when our idea to reinvent the car rental business using IT solutions and electric vehicles was born,” says Renaud Marquet, COO of UFODrive. “Our business is by nature very international: we are present in eight countries, but our headquarters, and about half our staff, is here.”

Photo: © Luxinnovation / Luc Deflorenne

Read more

Webasto invests in new production line in Luxembourg


Automotive supplier Webasto has been present in Luxembourg since summer 2022 and is turning the facility here into its global centre of competence for smart glazing. The company is now investing in a new Luxembourg-based production line for high-tech glass. The ground-breaking ceremony was held on 24 May 2023.
Read more

House of Sustainability opens in Luxembourg


The House of Sustainability, which officially launched on 21 April 2023 as a one-stop shop for all sustainable development solutions in Luxembourg, offers and guides companies toward an all-inclusive service offering available in Luxembourg to support their sustainable transition. Companies of all sizes and from all sectors can benefit from a vast ecosystem of sustainable solution providers based in Luxembourg.
Read more

Two Luxembourg start-ups supported by WomenTechEU


In the framework of the WomenTechEU programme dedicated to innovative deep-tech projects led by women, two Luxembourg companies, supported by Luxinnovation, have received European financial aid.
Read more

Luxembourg: Exceptionally open to business


In April 2023, Adrian Trömel, Luxembourg’s Foreign Trade Advisor in Texas, co-organised a visit to Luxembourg for a group of Houston-based venture capital, private equity and real estate firms to explore how the Grand Duchy could help them reach the European market. The similar economic interests, including Luxembourg’s openness to business, services and resources for funds and companies looking to grow left a lasting impression on the delegation.
Read more

Innovative companies in Luxembourg are supported by “a strong network”


Maxime Delmée, Belgian CEO and co-founder of AM 4 AM, a startup specialised in the development of new materials for additive manufacturing and a graduate of the Fit 4 Start acceleration programme in Luxembourg, discusses his entrepreneurial experience in Luxembourg. He explains that Luxembourg’s openness to innovation and its support for startups was crucial to his company’s development.
Read more

Resources all news