Luxembourg Residency

Luxembourg, in Northwestern Europe, attracts investors with its thriving business landscape and Residence by Investment Program offering residency within six months, boasting a high standard of living and amenities like free public transport and state-funded healthcare.

With one of the highest GDP per capita globally and an AAA credit rating, the Grand Duchy of Luxembourg attracts investors and entrepreneurs seeking a thriving business landscape and an attractive location for residency. Situated in Northwestern Europe, Luxembourg boasts an impressive standard of living and serves as a hub for international trade and connectivity, bordered by Belgium, Germany, and France. Ranking 8th on the World Happiness Report 2021, Luxembourg offers a high quality of life, drawing in a diverse expatriate community to its open society and cosmopolitan atmosphere. Luxembourgers enjoy the world’s first free public transport system, accessible by bus, train, and tram.Families benefit from a safe and family-friendly environment, state-funded healthcare, and a multilingual education system, with Luxembourg University welcoming students from 120 countries.

Time Frame

Approximately six (6) months

Investment Requirement

EUR 500,000 minimum contribution

Key Benefits of the Luxembourg Residence by Investment Program

• Gain access to the EU and Schengen Area without needing a visa.
• Experience a superior standard of living, a secure political situation, and business-oriented laws.
• Invest with a low minimum requirement, without the need to purchase property.
  Benefit from adaptable and functional business legislation for quickly establishing a company.
• Enjoy an absence of wealth tax and an advantageous tax system for inheritance and capital gains.

Luxembourg Residence by Investment Options

• Residence by Investment
• Residence by Private Reasons

The Luxembourg Residence by Investment Requirements

To apply for residence, applicants have the option to choose between the following two options:

Residence by Investment

Investors from non-EU nationalities can select one of the following four investment options:

1. Invest at least EUR 500,000 in an existing Luxembourg enterprise (engaged in trade, manufacturing, or artistic activities) and commit to maintaining the current workforce for five years.
2. Invest at least EUR 500,000 in a new Luxembourg enterprise (engaged in trade, manufacturing, or artistic activities) and commit to creating no fewer than five job opportunities within the next three years.
3. Invest at least EUR 3 million in an existing or new investment or management structure, with a registered office in Luxembourg, ensuring appropriate presence.
4. Deposit a minimum of EUR 20 million into a financial institution established in Luxembourg, which must be retained for at least five years.

Residence by Private Reasons (where the applicant cannot work in the country)

Individuals from emerging nations may qualify for residency based on personal circumstances by meeting the following conditions:

• Demonstrate their economic self-sufficiency (must show evidence of a consistent annual income of at least EUR 27,000; relying solely on bank savings may not be sufficient).
• Own or rent a stable residence in Luxembourg, with comprehensive third-party liability and property insurance for leased or owned property.

Procedures and Time Frame

Applications for this program must be submitted using the designated forms, along with appropriate fees and supporting documents. To obtain permanent residency, applicants must express their intention to reside indefinitely in Luxembourg, and once the initial screening process is completed, they can submit their applications.

For the investment residency option, applicants submit an investment application to either the Ministry of Finance or the Ministry of Economy. The Ministry of Foreign Affairs reviews the application for final approval, and if accepted, applicants must request a category D visa from their current country of residence upon approval.

In the personal grounds residency option, applicants lodge an application with the Ministry of Foreign Affairs. If approved, applicants must request a category D visa from their current country of residence and obtain it from the local embassy or consulate.

Under both options, the applicant:

• Travels to Luxembourg (within 90 days of receiving permission)
• Undergoes a health examination
• Submits their request for the domicile license
• Registers with their local municipality within three days of arrival

The Time Frame for the domicile application is approximately six months from the submission of the application to its approval.

Domicile licenses are valid for three years under residency via investment or one year under residency for personal reasons, with the possibility of extension. To extend their domicile license, investors must provide evidence of spending a significant period in the country (at least six months).

Luxembourgish Citizenship Following Residency by Investment

Successful applicants can apply for Luxembourg nationality after residing continuously for five years and obtaining a passport in this European Union country. The last year of residence prior to the nationality application must have been uninterrupted. To acquire nationality, investors must demonstrate proficiency in the Luxembourgish language through a spoken examination and participate in an assimilation program.

If you would like to learn more about the Luxembourg Residence by Investment Program, please don’t hesitate to contact us at Tsavorite as we would love to connect with you.