Visa-free travel within Europe’s Schengen Area
Luxembourgish residents benefit from the country’s status as the largest private banking center in the Eurozone, as well as its top 10 World Happiness Report ranking.
The Luxembourg Residence by Investment Program allows foreign nationals to make an investment into the country and apply for a residence permit.
Minimum contribution of EUR 500,000
Approximately six months
Visa-free access to the EU and Europe’s Schengen Area
Visa-free travel within Europe’s Schengen Area
High quality of life, stable political environment, and investor-friendly legislation
Low investment threshold, with no obligation to purchase real estate
Flexible and practical corporate law for rapid company formation
No wealth tax and favorable inheritance and capital gains taxation regime
To qualify for residence, applicants can choose between the below two options:
1. Residence by investment
Investors from non-EU countries can choose one of the following four investment options:
A minimum of EUR 500,000 into an existing Luxembourg company (with commercial, industrial, or craft activities) and commit to maintain the existing employment for five years
A minimum of EUR 500,000 into a new Luxembourg company (with commercial, industrial, or craft activities) and commit to create at least five employments in the following three years
A minimum of EUR 3 million into an existing or new investment or management structure, with a registered office in Luxembourg, which must have appropriate substance
A minimum of EUR 20 million by deposit into a financial institution established in Luxembourg, which must be maintained for at least five years
2. Residence by private reasons (where the successful applicant cannot be employed in the country)
Individuals from developing nations can apply for residence by private reasons by fulfilling the following requirements:
Prove that they can live off their own financial resources (proof of a regular flow of income of at least EUR 27,000 per year is required; bank savings alone might not be considered sufficient
Have permanent accommodation in Luxembourg, which includes third-party liability insurance and property insurance for rented or purchased property
Applications to the program must be made through the prescribed forms and must be accompanied by the appropriate fees and supporting documents. To obtain the residence permit, an applicant must demonstrate the intention to reside permanently in Luxembourg.
Once the initial due diligence checks have been completed, then the applications can be submitted.
Under the residence by investment option, an investment application is submitted to the Ministry of Finance or the Ministry of Economy. If approved, the Ministry of Foreign Affairs analyzes the application for final approval. Thereafter, a visa category D is requested from the applicant’s current country of residence, following approval.
Under the residence by private reasons option, an application is submitted to the Ministry of Foreign Affairs. If approved, a visa category D is requested from the applicant’s current country of residence and collected at the local consulate or embassy.
Under both options, the client:
The processing time for the residence application is approximately six months from the submission of the application to its approval.
The residence permits are valid for an initial period of three years under residence by investment, or one year under residence by private reasons, subject to renewal. To renew their residence permit, investors must demonstrate having spent a significant length of time in the country (at least six months).
Successful clients can apply for Luxembourgish citizenship after five years of continuous residence, gaining a passport to this EU nation. The final year of residence immediately preceding the citizenship application must have been uninterrupted. To receive citizenship, investors need to prove knowledge of the Luxembourgish language through an oral test and take an integration course.
To Know More About Leading Residence and Citizenship by Investment Programs
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