Ideally situated at the heart of Europe, the Grand Duchy of Luxembourg is a small but highly stable country that boasts one of the highest GDP per capita in the world. Investors benefit from the country’s strong financial industry, which has developed as a private banking center and grown into a truly diversified hub for investment funds, banks, and insurance and reinsurance companies.
LUXEMBOURG
((Residency by Investment Program))
VISA FREE DESTINATIONS:
191
PASSPORT INDEX RANK:
4th
OVERVIEW:
PROCEDURE:
To obtain the residence permit, an applicant must demonstrate an intention to reside permanently in Luxembourg. To renew their residence permit, they must demonstrate having spent a significant length of time in the country (at least six months).
MINIMUM CAPITAL REQUIREMENT:
Minimum contribution of EUR 500,000
MAIN APPLICANT REQUIREMENTS:
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.
PROCESSING TIME:
6 months from submission of the application to approval
KEY BENEFITS:
- Visa-free access to the EU and 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, favorable inheritance and capital gains taxation regime
