REASONS FOR INCORPORATING A COMPANY IN LUXEMBOURG
Despite its small size, the Grand Duchy of Luxembourg is the richest country in the world in terms of GDP.
This is due, to a great extent, to the fact that it is a top level financial centre and ranks number one in the world in the number of investment funds incorporated in the country.
Why has Luxembourg achieved such a recognition in the financial sphere? In our opinion, there are two main factors:
PERU, A COUNTRY IN EXPANSION
MEXICO PROMOTES BUSINESS ACTIVITY
- Despite the impact of the international crisis the rate of growth forecast for Peru is 6%.
- The internal demand, private consumption and investment in infrastructures are expected to grow by some 20% this year.
- The value of companies mergers and acquisitions are envisaged to break the barrier of 8 billion US$, which makes Peru, together with Colombia, the country most active in this sector of the economy in Latin America.
To attract and generate new investment, Mexico looks to benefit from the real advantages available to small and medium size entities in the different productive sectors.
With the objective of generating an activity and dynamism that can open up interesting opportunities for businesses and growth, Enrique Jacob Rocha, president of the National Institute for the Entrepreneur (Inadem), announced an investment plan of 9 billion pesos to back up micro, small and medium sized entities (Mipymes). Another 1 billion will be allocated to production projects in strategic in several federal entities.
THE DANGERS OF NON-COMPLIANCE WITH LEGISLATION
The deep crisis that the world has been facing for the past few years has sharpened the minds of Government officials with the objective of attracting foreign investment and promote the setting up of new businesses in their territories whilst, at the same time, attempting to deter their own businessmen form venturing abroad in search of new sites with a more attractive tax regime.
During this period the entrepreneurs based in the countries most badly affected by the economic downturn have started a search for markets in which to sell their products and services or specialized know-how and, where required, incorporating companies to carry out the activities.