Operational Companies

According to leading international competitiveness analyses, Luxembourg is generally ranked among the top competitive countries in the world for doing business.

Aside from a multitude of small and medium sized "local" enterprises (i.e. SMEs) and "local" multinational companies - like Arcelor, SES or Cargolux - many industrial groups have a presence in Luxembourg through production facilities, research and development activities, logistics activities or even their European headquarters.

However, in a small country with a large financial sector, it is sometimes difficult for them (and especially for SMEs) to find the right services tailored to their industry.

Our Solution

At PricewaterhouseCoopers, we have noted that all operational companies, whatever the sector of industry, have more than 70% of common constraints (30% being linked to each specific business). Therefore, a couple of years ago, we put together a group of experts (in audit, tax, advisory, IT, accounting and compliance) who focus on the non financial sector. Our experts leverage their own experience and provide solutions tailored to the particularities of the sector.

Today, we provide a wide range of specialised services, including:

• Audit services;
  
• Tax consultancy and compliance;
  
• Accounting and payroll (bookkeeping, reporting, consolidation, preparation of financial statements);
  
• Support for any event (e.g. incorporation, including assistance for getting a business licence, merger, division, liquidation, etc) impacting an operational company in Luxembourg;
  
• Training (technical and soft skills) services;
  
• HR management;
  
• Finance function effectiveness;
  
• Performance Improvement;
• Document management;
• IT Effectiveness;
• Quality Management;
  
• External and internal reporting;
  
• Simplification of the finance function through integration and cost modelling;
  
• Succession planning.

Thanks to our wide range of services and our highly qualified professionals covering all aspects of the operational companies Industry, we are currently serving 31 of the top 50 operational companies in Luxembourg.

We are always looking to improve the quality of our services and, in an environment where risks are increasing, we are implementing a new approach based on the Enterprise Risk Management (ERM) concept. This approach has two objectives: first, continue to strengthen the link between our products and the issues or risks entrepreneurs are facing and second, improve our understanding of our clients' needs.