The Luxembourg Freeport officially opened September 18, 2014. The 22,000-square metre storage facility is the first of its kind in the European Union, and the brand’s third in the world after Singapore and Geneva. The VAT-exempt Freeport has been established to store, preserve and manage collectibles including fine art, wine and precious metals, particularly for investors, investment funds, museums and collectors. The Luxembourg Freeport represents an asset for the financial sector, facilitating the provision of diverse products and services including storage for funds investing in tangible assets in the same jurisdiction where the investment vehicle is domiciled.