Over a number of years, the Grand Duchy of Luxembourg has gained a reputation as a first-rate international financial market, ranked second in the world for collective management.
This success is explained by its geographical location at the heart of Europe, its qualified and multilingual staff, the stability of its social, economic and political environment, and its acknowledged financial expertise.
In parallel, the public authorities have contributed actively to the current position of the Luxembourg financial market by legislating with a view to continuously increasing consumer protection while enhancing innovation and dynamism in the financial sector.
The life insurance market in Luxembourg has developed considerably over the last 15 years. The market today numbers over 90 insurance companies.
Expansion is most notable among activities carried out outside the national market. It is these operations under the principle of the freedom to provide services which largely explain the boom in this sector in Luxembourg.
The products offered on this market are very diverse, often highly technical and have a very high savings component. Increasing competition on an internationalised market has, naturally, led insurance companies like Euresa-life to engage in the development of innovative products and to raise the quality standards of the products offered even higher.
There is no tax on life insurance contracts in Luxembourg for non residents or residents. This fiscal neutrality applies both to premiums deposited, added value realized and capital invested upon settlement of a contract. Policyholders are, however, subject to the taxation in force in their country of residence.