Luxembourg to Offer Investor-friendly Legal Environment for Domain Names

Home / Blogs

Luxembourg to Offer Investor-friendly Legal Environment for Domain Names

	By Patrick Vande Walle All around Internet governance troublemaker
	January 11, 2008 Views: 10,789 Add Comment

EuroDNS, the Luxembourg registrar, used its well attended New Year party last Wednesday to invite the Minister of Telecoms, Jean-louis Schiltz to talk about a law voted at the end of December 2007. According to the Finance and Budget Commission Report on Draft Law 5801, Revenues generated from use of, or license to use, a Domain Name are exempted from Luxembourg corporate taxes up to 80%.

This is of course excellent news for EuroDNS, but also for domain name investors, both in Luxembourg and worldwide. ICANN will probably launch a RFP for new Top-Level Domains (TLDs) next June in Paris. As such, someone took the opportunity to mention that Luxembourg would be an ideal place to launch a new generic Top-Level Domain (gTLD). The proposed gTLD floating around seems so obvious it is surprising no-one though about it before. At this stage, I cannot expand any further until this proposal is formalized, but stay tuned for more news.

By Patrick Vande Walle, All around Internet governance troublemaker

Filed Under

Comments

The Weekly Wrap

More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.