Expat Advisor: Annemarie Jung on becoming an entrepreneur in Luxembourg
Annemarie Jung, CEO of Internaxx Bank, offers this encouragement to entrepreneurs thinking of starting a business in Luxembourg.
Name: Annemarie Jung
City of residence: Junglinster Canton
Name of company: Internaxx Bank
Can you give us a brief description of your business?
Internaxx Bank is an international online investment platform based in Luxembourg and part of the TD Bank Group from Canada, one of the few AAA rated banks in the world. Internaxx services expatriate and international clients across the world, offering real time access to shares, fx, derivatives from more than 15 exchanges in North America, Europe and Asia.
What do you like about doing business in Luxembourg?
Luxembourg is politically very stable, has a well regulated financial sector, its work force is multilingual and because of the country's small size, legislation can be changed quickly according to market demands. Luxembourg is the perfect location to service expats and international investors around the world.
What do you find most frustrating about doing business Luxembourg?
Luxembourg is a very pleasant country for doing business. I have not yet encountered a frustrating experience directly linked to this country.
How does running a business in Luxembourg compare to running a business in other countries that you have lived in?
Communication lines with government agencies and the business community are very short, which is an advantage with regards to the speed of doing business. Also, the multilingual and multicultural population of Luxembourg and the surrounding areas are a huge asset to any company operating in multiple markets.
What advice would you give to entrepreneurs setting up business in Luxembourg?
Do it, you won't regret. Luxembourg has so much to offer, from a friendly business climate with a supportive government to the opportunity of building a fantastic social life with people from across the world.
Are you an expat entrepreneur in Luxembourg? Share your story and help other entrepreneurs get started. Visit Expatica's questionnaires page to upload our Expat Entrepreneur interview.
Comment here on the article, or if you have a suggestion to improve this article, please click here.