Luxembourg
With a population of around 654,000, a small landlocked nation in Western Europe, globally recognized for its charming villages and gothic castles nestled within magnificent countryside landscapes and a thriving economy centered on financial services and technological advances, Luxembourg serves as the backbone of this current-day industrialized haven for businesses worldwide.
Luxembourg hosts renowned international organizations like the European Investment Bank and the European Court of Justice within its borders while respecting its cultural diversity, exemplified by its trilingualism in French, German, and Luxembourgish. As stipulated by authoritative governing bodies within the European Union, Luxembourg has adopted the Euro as its national currency. This small yet influential country actively participates in multiple esteemed international organizations such as the United Nations and NATO.
Since there is no Citizenship by Investment program, to obtain Luxembourgish citizenship, birth, descent, or naturalization are the only viable options currently available. To qualify for naturalization, foreign residents should fulfill a five-year residency requirement and exhibit fluency in Luxembourgish. Foreigners with a clear criminal record can benefit from long-term residency permits or visas that could lead to naturalization.
We strongly recommend that you engage the services of an accomplished legal or financial advisor. They possess extensive knowledge of the various options available for investment and can also assess the related risks and benefits.
Recidency By Investment:
Investors can obtain Luxembourg residency permits in one of four ways as outlined below:
- Investment in an existing company:
- Invest at least 500,000 euros in a registered company in existence in Luxembourg.
- Commit to keeping the investment for at least five years.
- Obtain approval from the Minister of Economy.
- Investment in a newly created company:
- Invest at least 500,000 euros in a newly-created company with its head office registered in Luxembourg.
- Commit to the creation of at least five jobs within three years.
- Obtain approval from the Minister of Economy.
- Investment in an investment and management structure:
- Invest at least 3 million euros in a new or existing investment and management structure with a registered head office in Luxembourg.
- Maintain a suitable local structure.
- Obtain approval from the Minister of Finance.
- Deposit in a Luxembourg financial institution:
- Deposit at least 20 million euros in a Luxembourg financial institution.
- Maintain the investment for a minimum of five years.
- Obtain approval from the Minister of Finance.
Real estate investments are not considered eligible for obtaining a residency permit.
The initial residency permit is issued for three years and is renewable for three years, covering the investor’s spouse and children. The processing time for applications is typically three months.
Exceptions exist for third-country nationals who already hold a long-term residency permit in another EU member state and have investor authorization to stay in Luxembourg before entering the country. In such cases, the third-country national can request a long-term residence permit, valid for five years.
A residency permit gives investors access to visa-free entry to Schengen countries and citizenship after five years of residence in Luxembourg. Dual citizenship is allowed.
Performance Guarantee:
As previously stated, Citizenship by Investment program is currently unavailable in Luxembourg. Consequently, there are no quantifiable commitments for investments made toward acquiring citizenship in Luxembourg.
Despite this, foreign investors can invest in diverse sectors such as real estate or startup businesses. These investments may be subject to specific performance measures like job creation or sales targets.
Luxembourg regulatory system assures investors benefit from transparency and accountability under Luxembourgish law. In light of Luxembourg’s robust adherence to the rule of law and its impressive record of low corruption, foreign investors may deem it a desirable site for investment.
We advise prospective investors to seek counseling from qualified legal or financial experts and to fully comprehend and accurately gauge the inherent risks and rewards of all contracts and agreements of any investment program within the country.