Luxembourg for Business (LfB) was founded in 2008 as an initiative by the Ministry of the Economy and Foreign Trade and the Ministry for SMEs, Tourism and Housing, the Chamber of Commerce, the Office du Ducroire, the National Credit an Investment Bank (SNCI) and Luxembourg's Business Federation (FEDIL).

By relying on the strengths of both, public and private, Luxembourg for Business operates as a trade promotion agency and liaises with the Board of Economic Development´s Trade & Investment Offices, Luxembourg's Embassies, Consulate generals, honorary consulates, and other international promotion networks such as for example bilateral Chamber of Commerces' to foster Luxembourg's outbound activities.

Luxembourg for Business functions as a so called "network agency" and promotes trade and international business in the interest of the Luxembourg economy.