Le FREEPORT Luxembourg – a high-end and contemporary facility for storage, handling and trading of valuable goods such as works of art, precious metals, wine, jewellery… – will change the landscape of the Luxembourg airport for the better. The 4 storey 21,000m2 facility is being constructed on a prime location at the Luxembourg airport next to the Air Cargo Terminal, which is the 5th largest air cargo hub in Europe.
The Luxembourg government made this land available to enable the Freeport’s construction and activities. Furthermore, the Luxembourg government enacted legislation, consistent with EU Customs and Tax Regulations, suspending VAT and customs duties on goods introduced into a free zone from third countries or originating in the EU and destined for export outside of the EU. This special regime applies as long as the goods remain in storage in the Luxembourg Freeport, which is located in this free zone. VAT is also suspended on storage and other valuable adding services while the goods remain in custody at the Luxembourg Freeport. Le FREEPORT Luxembourg is operated under the supervision of the Luxembourg Customs Authorities. All goods that enter or exit the facility have to be declared to Customs, who is physically present at the facility and has an unlimited right to inspect declared goods.
- Other services
Luxair Cargo Center
Tour F, Office 1037
+352 2456 9100
+352 2456 9103
The Luxembourg Freeport will be unique in its kind in the European Union and is the perfect location in the heart of Europe to store valuables. Luxembourg enjoys a stable political and social climate, is a triple A rated country and is the largest wealth management Centre in Europe.
The Luxembourg Freeport will be operated by licensed forwarders and agents, specialising in the handling, transportation and storage of works of art, precious metals, fine wines, diamonds and jewellery and other valuables. It will be a one stop shop, where end costumers will be able to have their works displayed in sophisticated private showrooms, photographed for inclusion in catalogues, crated for transportation, framed, restored, valued, insured, analysed to determine their origin or history, all of which without having to move the goods from the facility. End costumers are collectors, investors, museums, family offices, investment funds and others in need of high security storage and high-end services. The Luxembourg Freeport is a private place, not open to the public. However the public will be able to view and enjoy the works of art in storage to the extent that their owners lend them to museums or galleries. To this end, temporary importations are allowed without affecting the status of loaned goods.
Construction works for the Luxembourg Freeport have started and the facility is expected to become operational in September 2014.
Through affiliated companies, the promoter of the Luxembourg Freeport is Yves Bouvier who owns the Singapore Freeport and the forwarding company, Natural le Coultre.