The Grand Duchy of Luxembourg is a landlocked country in northern Europe surrounded by Belgium to the west, France to the south and Germany to the east. Per capita, it is the richest country in the EU as well as being one of its smallest. It is largely made up of rolling hills and forests. The most important sectors of Luxembourg’s economy in 2012 were the financial and insurance activities (24.7%), wholesale and retail trade, transport, accommodation and food services (17.8%) and public administration, defence, education, human health and social work activities (15.7%).
Luxembourg’s main export and import partners are Belgium, Germany and France. It can be seen from the data below that Satsafe® represents a very significant Internet of Things (IoT) business opportunity in luxembourg focussed on security and safety applications.
Geographical size: 2586 km2
Population: 524 853 (2012)
Population as % of total EU population: 0.1 % (2012)
GDP: € 42.918 billion (2012)
Official EU language(s): French, German
Political system: parliamentary constitutional monarchy
EU member country since: 1 January 1958
Seats in the European Parliament: 6
Currency: Eurozone member since 1 January 1999
A world of opportunity:
We are currently seeking expressions of interest from International distributors for a range of Satsafe® branded safety and security applications including geobloc.
If you are interested in acquiring the Satsafe® Master License as a business opportunity in Luxembourg, please contact us outlining your experience.