LUXEMBOURG: IMMIGRATION FOR INVESTORS

LUXEMBOURG: ADVANTAGES

Luxembourg is a unique place to live in. By the time you have settled in this small country of wonder, you and your family will be able to reap Luxembourg residency’s multitude of benefits, including :

1. 1. 1. Completely free mobility inside the Schengen Area and other 185 countries like Canada, thanks to its very well recognised passport;
      2. You won’t need to renounce your previous citizenship since dual-citizenship is allowed;
      3. Access to private renowned banking systems;
      4. Tax exemptions for investments, including no taxation on income and on capital gains, no withholding tax and no wealth tax;
      5. Access to an excellent public healthcare system;
      6. One of the safest countries in the world;
      7. You can speak French, German and English in the country. There is also a great offer of multilingual schools.
      8. The country ranks top in income and wealth and above average in work-life balance, environmental quality and housing;
      9. Nationwide free public transport.

LUXEMBOURG: REQUIREMENTS 

To qualify under the investors program in Luxembourg, you must pick one of the three investment possibilities: 

1. 1. 1. A 500,000 euros investment in a new or already established business in Luxembourg; 
      2. You can invest 3,000,000 euros in a local bank in Luxembourg. This investment will be managed through a portfolio that can include stocks or funds, depending on what the bank offers and the associated risks. The goal is to ensure a stable income from this investment. To make sure of this, you’ll need a certificate that guarantees a certain profit from the investment portfolio. This profit should be at least as much as Luxembourg’s minimum wage, or even higher;
      3. A 20 000 000 euros deposit in a local bank.

If you opt to invest 500,000 euros in a company, you need to commit to holding the investment for a minimum of 5 years. The same condition applies if you’re transferring 20,000,000 euros via a bank. In the case of an investment amounting to at least 3,000,000 euros, it must be maintained for as long as you remain a resident investor in Luxembourg.

Our team is dedicated to assisting individuals who aspire to obtain Luxembourg residency, regardless of the chosen option. We provide comprehensive support, including connecting with companies seeking investments, negotiating investment terms with existing businesses, establishing and registering new businesses in Luxembourg, creating business or financial plans, and facilitating the process of opening a bank account. With our team’s expertise, you can confidently navigate these decisions and alleviate the associated burdens. Be assured that our team will take care of each step, ensuring a smooth path to your successful acquisition of Luxembourg residency.

LUXEMBOURG: PROCESS

The process of a residency application under the investor programme in Luxembourg is divided in 3 important steps: 

1. Application for an authorisation to stay.

The first thing you need to do to get Luxembourger residency is to ask for permission to stay. You send in the application from your home country.

The process for this permission depends on the investment option you choose. If you’re investing in a company, you apply to the Ministry of Economy. If it’s a local bank investment, the Ministry of Finance handles it. If they give you the green light, you’ll get a temporary residence permit in the mail within around 3 months.

 2. Visa application.

Meanwhile, the candidate needs to go ahead and apply for an entry visa to the Schengen Area, unless their nationality is exempt. The application has to go through the Belgian consulate, as they handle Luxembourg’s international matters and issue entry visas for them. Once approved, the visa is good for a 3-month span.

3. Travel to Luxembourg. 

After receiving the authorization and visa, you’ll be ready to travel to Luxembourg. It’s important to note that upon crossing the borders, you’ll need to declare your arrival. This step, along with the authorization, grants you the right to reside there until your residence permit is officially granted.

Before you submit your application, a medical examination, including a tuberculosis screening, is required in Luxembourg. Assuming all goes well, you’ll obtain a medical certificate, a crucial document for your final application.

With these preparations done, you can then proceed to apply for residency in Luxembourg as an investor.

It’s worth mentioning that during different stages of the process, you’ll need to execute the chosen investment. Around a year after your residence permit is issued, the Ministry of Finance will reach out to you to confirm your compliance with the investment commitments you’ve made.

LUXEMBOURG: LIST OF DOCUMENTS

Before you proceed with submission, make sure all your documents are properly legalised and translated into either German, French, or English. Keep in mind that the provided list is just an example, and the specific documents needed might differ based on your unique case and circumstances:

1. 1. 1. Passport
      2. National identification card
      3. Police clearance record
      4. Birth record
      5. Marriage certificate or divorce decree (if applicable)
      6. CV (Curriculum Vitae)
      7. Academic diplomas
      8. Bank certificates and statements
      9. Comprehensive medical insurance covering all health risks in Luxembourg
      10. A duplicate of the temporary stay authorization
      11. A duplicate of the arrival declaration issued by the local administration
      12. Tuberculosis screening test results carried out in Luxembourg
      13. Supporting documents verifying sufficient funds
      14. Proof of property ownership or a lease agreement for a property in Luxembourg.

LUXEMBOURG: ADDITIONAL INFORMATION

If you’re investing in a business, it must be included in one of the categories approved by Luxembourg regulation. Activities in the craft, industrial and commercial fields are allowed. You can talk to us about this point for more information.

Furthermore, several fields or professions need to comply with Luxembourg regulations. You may need to present specific authorisations or accreditations in order to obtain the right to practice your profession in the country. 

Different trades demand a business or operating license. This requirement is relevant to the catering sector, employment agencies, specific industrial operations, security and surveillance firms, among others.

Lastly, certain foreign graduates might need to navigate a process to validate their degrees in Luxembourg. This step is necessary for them to engage in their professions within the country’s legal framework.