3FOOD

Third Industrial Revolution Consulting Group
3 Regulatory
3.1 E-Luxembourg: The Grand Duchy of Luxembourg will be the first country to offer
comprehensive digital E-Registration to EU and non-EU individuals and companies.
3.1.1 E-Registration in Luxembourg will enable global E-Registrars to access a growing number
of services and benefits at low cost and high speed through one unified, secure and easy
online application portal, thus allowing them to access the entire EU market digitally
through the trusted Luxembourg Digital Registration Gateway. This core strategy was
inspired by E-Registration, E-Identity and E-Residency innovations and experiments in
the State of Delaware (USA), Singapore, London and Estonia and further develops these
early stage conceptual frameworks to fit the specific Luxembourg ecosystem and its
unique role as the EU’s first nation state and test lab for EU-wide regulation. The goal is
to establish Luxembourg as the first country to successfully implement trust- and
technology-driven E-Registration on a large and lucrative scale.
3.1.2 One of these initial services will be centered on company creation: Luxembourg will be
the first country in Europe that allows the establishment of a fully-fledged European
company with headquarters in Luxembourg with a few clicks online.
3.1.3 Register a new company over the internet; Change data in the business register; File
annual reports; Detailed inquiries about other companies; Digitally sign documents and
contracts; Encrypt and transmit documents securely; Administer the company from
anywhere in the world; Conduct e-banking and remote money transfers; Access online
payment providers; Declare taxes online; Inclusion in EU legal framework.
3.2 Make Luxembourg a Pioneer in realization of General Data Protection Regulation for the
Financial Industry. The achieved legal security will result in a competitive advantage for the
Financial Sector. According to the European Parliament, the new rules of the General Data
Protection Regulation include provisions on:
3.2.1 Right to be forgotten; "Clear and affirmative consent" to the processing of private data
by the person concerned; Right to transfer data to another service provider; The right to
know when your data has been hacked; Ensuring that privacy policies are explained in
clear and understandable language; and stronger enforcement and fines up to 4% of
firms' total worldwide annual turnover as a deterrent.
3.3 LUX-TIR Net Neutrality. Openness and Internet transparency are clearly desirable in order
to create the best possible conditions for TIR businesses. However, mission critical services,
as well as business models based on the freemium paradigm, require the possibility to
modulate the Quality of Experience (QoE) provided to the final users of the infrastructure.
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