There are a number of advantages to forming a European Company, particularly one with its registered office and central place of management in Luxembourg. Firstly, this type of company eliminates a number of legal and administrative barriers related to conducting business on a regional level. It allows cross-border interaction with a large pool of partners. Additionally, a business operating in multiple countries can now be subject to one set of protocols and rules instead of altering each office for the national regulations of that location. A European Company in Luxembourg is subject to the same taxation as a PLC. This is advantageous since a PLC in Luxembourg offers flexibility in taxation compared to other legal forms. Also, Luxembourg double taxation agreements with other countries can reduce the amount of taxes a European company is required to pay as compared to if it were based in another country.