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Economy, tax incentives & labor conditions
The corporate tax rate is 22,9% on profits.
The VAT rate in Luxembourg is15%, the lowest in Europe.
The investment funds in Luxembourg reached 1146 billion euros in 2004, 60% of the European total.
12000 shell companies are registered in Luxembourg.
Luxembourg offers the traditional advantages of the great money markets: absence or weakness of taxation, tolerance of legal forms ensuring anonymity the owners of a company, bank secrecy and legal and police co-operation insufficient with the foreign countries.
Rate of corporation tax: 0,9%. The shareholder can be made represent at the general Assemblies by another shareholder without this last being able to be held to make known that which it represents, which can constitute a guarantee of anonymity of the real shareholder.
258 captives insurance companies are registered in Luxembourg.
In 1997, 320 banks, 1200 funds, 10000 holding and 6200 offshore funds, 54% of the world's offshore funds, were registered in Luxembourg.
Only one public auditoris in charge of the control of the 12 700 holdings registered in Luxembourg, i.e. the probability of a thorough control is once every 60 years.
Main violations of the human rights and dirty money laundering
2006 Clearstream (ex-Cedel)