22 crossroads magazine Luxembourg is small in size but big in impact. Its mix of openness, innovation and quality of life has turned the country into one of Europe’s most attractive places to live, work and do business. These figures highlight why Luxembourg continues to attract companies and talent. An open economy is Luxembourg’s calling card. It is deeply outward-looking, built on the free movement of goods, services and ideas. in the world for trade openness international non double taxation agreements withholding tax in repartition of profit for foreign investors lowest standard VAT in the EU per capita in the European Union (€759) goods & services exported Luxembourg Chamber of Commerce World Bank, 2023 Luxembourg has developed a competitive, business-friendly tax framework that supports cross-border investment and growth. From space resources to research intensity, it is a hub for forward- looking ideas and ventures. country in the world to adopt a legal framework for space resources incubators, accelerators and innovation hubs Eurostat crossroads magazine