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Luxembourg, the space to be
13 November 2023
Luxembourg is a jurisdiction, globally well-known for its fund industry (2nd place in the world for investment funds), but finance is not the sole sector you should have in mind while thinking of Luxembourg. The space sector, in all its diversity (from mining to satellite), is designed to be a future pilar of the country, being already known globally among the key players as a jurisdiction of choice. Let us share the key facts and figures you should know.
In less than three decades, the Luxembourg space sector has grown from nothing into one of the most dynamic in Europe, building bridges with key jurisdictions globally. The part of the space sector in the Luxembourg GDP is currently around 2% but the strong political will and the dynamic private sector are likely to make this figure grow fast in the coming years. See here a quick overview of Luxembourg space legal frame and key assets, as a jurisdiction, which make Luxembourg a performing hub for commercial space activity.
Need more information, please liaise with Pierre Reuter, Simon Recher or George John.
Authored by Pierre Reuter, Simon Recher, and George John.
Hogan Lovells (Luxembourg) LLP is registered with the Luxembourg bar.
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