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ARTICLE · 05 JULY 1999

The Safe Choice

LuxembourgWealth Management

Luxembourg needs no introduction. It is a founding member of the EU. It has the headquarters of the European Investment Bank, the secretariat of the European Parliament, part of the European Commission, the Court of Auditors and the European Courts of Justice. It is also the headquarters of one of Europe's biggest steel companies, and is well known in satellite communication.

BANKING

Banking is very important to Luxembourg with around 220 banks, for both private banking and international banking, as well as being the headquarters for CEDEL the clearing house. Bank secrecy continues to be important.

INVESTMENT FUNDS

Luxembourg is one of the main administrative centres in Europe for tax free investment funds (UCITS).

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