Investors and entrepreneurs looking for a prosperous business environment and a desirable alternative place to live can consider the Grand Duchy of Luxembourg, which has one of the world's highest GDP per capita and a AAA credit rating. The first member of the European Union provides a first-rate standard of living and cutting-edge infrastructure.
Investor resident permits are available to citizens of third countries who meet the following criteria:
Investment of at least €500,000 in a Luxembourg-based business with a minimum of five years of service required: their investment plus a level of employment that is equal to the level when the investment was made (this condition does not apply when acquiring a struggling firm that is under a redundancy plan).
Invest a minimum of €500,000 in a newly formed company with a Luxembourg-registered office and five job openings that must be filled within three years of the company's registration. Staffing efforts must involve the National Employment Agency; or
A minimum of €3 million in an existing or soon-to-be-established investment and management structure with a registered office in Luxembourg and the required substance; or a minimum of €20 million deposited with a Luxembourg-based financial institution and pledged to be held for a minimum of 5 years.
Companies are required to engage in some kind of commercial, craft, or industrial activity in order to receive investments in current or future enterprises (with a minimum investment of €500,000).
With its convenient proximity to other major European cities, Luxembourg is a great starting point for business trips and vacations. Professional and personal endeavors alike will find Luxembourg's well-developed infrastructure and convenient transportation options to be an ideal setting.
Luxembourg's diversified economy, which encompasses banking, technology, and logistics, allows it to boast one of the world's highest GDP per capita. Political stability and a business-friendly atmosphere make this country a desirable location for investors
Excellent healthcare, education, and social services contribute to the high quality of life enjoyed by Luxembourg residents. The country's diverse population and extensive history of cultural preservation warmly welcome foreign nationals and their families.
Please submit your application to the program using the official forms provided. Remember to include the required fees and any supporting documentation. In order to get a residence permit, an applicant must provide evidence of a permanent desire to remain in Luxembourg.
The applications can be submitted once the initial due diligence processes are finished.
To apply for permanent Luxembourg citizenship by investment, one must first apply to either the Ministry of Finance or the Ministry of Economy. If everything checks out, the application moves on to the Ministry of Foreign Affairs for final clearance. Following acceptance, the applicant's present country of residency is contacted to obtain a visa category D.
The Ministry of Foreign Affairs receives applications for residency for private reasons. Requesting a category D visa from the applicant's present country of residency and collecting it at the local consulate or embassy is the process once authorized.
The customer is entitled to both choices:
Visits Luxembourg (within three months after obtaining permission)
Obtains a medical examination
Files the paperwork necessary to get a resident visa
Files the paperwork necessary to get a resident visa
The processing period for the Luxembourg residency by investment application is approximately six months from the date of submission to the date of acceptance.
After five years of continuous residency, successful customers can apply for Luxembourgish citizenship, which grants them a passport to this EU nation. An applicant for citizenship must have maintained continuous residency for the last year before applying. Investors must complete an integration course and pass an oral exam to indicate they are fluent in Luxembourgish before they can apply for citizenship.
The Luxembourg citizenship by investment Program is a great way to get your feet wet in the European residence process. If you are interested in learning more about starting a new life in Luxembourg, contact Flyway Visas immediately.
If you want to become a permanent resident, Flyway Visas is here to help. We can assist you with making Luxembourg a permanent home or Luxembourg passport by investment.