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Social Economy

Social Economy

Combining economic performance and social impact



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The Social Economy includes cooperatives, mutual societies, ‘a.s.b.l’ non-profit associations, foundations and social enterprises. They operate in various sectors and activities—healthcare, education, handicap, housing, agriculture, hotel and catering, new technologies, water and waste management, support for small-business creation, sustainable development, fare trade, and more.

What unites this diversity of organisations is their interest in generating value for their community/people, including members, employees, clients, and beneficiaries.

In the Grand Duchy, since the introduction of a new company type, the Société d’Impact Sociétal (SIS), social entrepreneurs now benefit from an appropriate legal framework which creates a favourable environment for their business development.

At KPMG Luxembourg we have designed a service offer tailored to social entrepreneurs’ specific needs in order to combine economic performance and social impact. We can assist you in creating an SIS, defining social indicators, evaluating social impact, introducing VAT into an entity, ensuring a proper use of public funds, supporting the growth and development of social business, amongst other aspects.

Check out our flyer to see how we can help you!

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