Head of Corporate Services,
Rémy Cornet and Business Development Director,
Shaun Lee, explain how whilst the
liquidation process in the principality is well-structured, it
needs to be followed carefully.
According to the Luxembourg's Trade and Companies register,
there are currently around 120,000 entities
registered in the principality1. It's not too hard
to see why.
For a small country, Luxembourg punches above its weight and
has more than €4.9 trillion in net assets under
management2, this makes it the largest fund centre in
the EU, and the second-largest in the world behind the US.
Funds in Luxembourg own and invest in companies in a vast range
of sectors, from property to finance and IP rights, and the
attraction of the jurisdiction as a place to domicile their assets
is understandable, especially given its favourable operating
environment - with a multilingual workforce, overtly
business-oriented government, and cross-border financial
expertise.
