LUXEMBOURGRESIDENCY BY INVESTMENT
MIN INVESTMENT
€500,000
PROCESSING TIME
4 MONTHS
PERMIT TYPE
TEMPORARY RESIDENCE
FAMILY
SPOUSE, CHILD, PARENT
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SUMMARY
Luxembourg is a small but prosperous European Union nation. It is located in the triangle formed by France, Belgium, and Germany. Luxembourg has always been a popular destination for wealthy business people from around the world with its strong financial industry and pleasant tax system. The nation is very peaceful and is an excellent place to raise a family. The Luxembourg Residency By Investment programme (aka Luxembourg Investor Visa) grants permanent residency to approved applicants and their families. In return for savings, the programme provides a route to a three-year renewable resident permit. You may apply for permanent residency and citizenship after five years.
There are a few options available with the Luxembourg golden visa scheme. Those who want to invest actively in Luxembourg may either buy or start a company. Those that want to invest passively should put their money in a bank account or under management. It would be best if you committed to the investment for a period of five years.
For those willing to spend at least half of their year in Luxembourg, the Luxembourg investor scheme is a perfect way to gain European citizenship. The Luxembourg passport is one of the best globally, allowing for free movement within the European Union and 90 days of visa-free travel to the United States each year. Luxembourg has lower tax rates than most of Europe. If disposed of after six months and without 10% ownership in the last five years of the business, capital gains on locally traded stock can be tax-free. The Luxembourg Investor Program for Foreigners offers you a pathway to a secure and prosperous life.
POPULATION
613,894
CAPITAL
Luxembourg
CURRENCY
Euro
LANGUAGE
Luxembourgish, French, German
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- TYPE: RESIDENCY
- VISA-FREE: EU, US
- PROCESS: 3-4 MONTHS
INVESTMENT
The Luxembourg Residence by Investment program offers four different options:
- Invest at least €500,000 in an existing company
- Invest at least €500,000 in a new company
- Invest at least €3 million in a management and investment structure, either existing or still to be created
- Invest at least €20 million in the form of a deposit of funds with a financial institution
The investor, his or her spouse, or registered partner, must be the successful beneficiary of the deposited or invested funds. The money must be held for a minimum of five years. If the investor can show that he contributed at least that amount without financing, he will be able to find funding. Direct and indirect investments in real estate acquisition or leasing are not considered when applying for a residence permit. Application fees are of €80 per person for the resident permit.
LUXEMBOURG RESIDENCY INVESTMENT OPTIONS
INVESTMENT STRUCTURE
Invest at least €500,000 in a new business with a registered office in Luxembourg. A commercial, art, or industrial operation is required of or will be required of the company.
BANK DEPOSIT
Invest at least €10 million in the form of a fund deposit with a Luxembourg-based financial institution, with a promise to hold the deposit for at least five years. The funds that have been deposited must meet specific criteria.
- be given by the claimant or another investment arrangement of which they are a beneficial owner;
- be 100 percent equity with no borrowed funds. They should, however, be made up of cash (euros or other foreign currencies) or financial instruments;
- they must be free of any liens, pledges, collaterals, mortgages, or other forms of protection of any kind; and they must not limit the applicant’s full ownership.
EXISTING COMPANY
Invest at least €500,000 in an existing company registered in Luxembourg. The level of employment must be the same at the time of the investment. This does not apply during the acquisition of a company in difficulty and under a redundancy plan.
NEW COMPANY
Invest at least €3 million in a current or yet-to-be-created management and investment system with a registered office in Luxembourg, where it must provide and retain the required substance. The investment structure must include the following features:
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PROCESS
Application Processing Time: 4 Months
Stage 1 - Month 1
Before you may apply your application for an authorisation to remain, you must first present the proposal or evidence of investment to the Minister of the Economy (active investment) or the Minister of Finance (passive investment) and receive approval from the minister concerned. The concerned minister notifies the third-country national investor in writing. In the case of acceptance, the third-country federal must request an application for permission to remain before entering the country.
Stage 2 - Month 2
Before entering the country, send an application to the Immigration Directorate or the Luxembourg representation in your country for a temporary authorization to remain. All requested documentation and charges related to your investment activity must be included in the application. In most cases, the decision-making process takes between one and three months. If no response is received during this time frame, the application will be considered unsuccessful. If the application is approved, the applicant will be issued a "temporary authorization to stay" by mail. For a period of 90 days, the temporary stay authorization is valid.
Stage 3 - Month 5
Within three days of landing in Luxembourg, you must file a declaration of arrival with your new commune of residence in Luxembourg. After that, you'll have to go through a medical examination. After that, you should make an application for an investor's residence permit. When the application is accepted, the applicant will receive a letter inviting them to schedule a biometrics appointment with the Ministry of Foreign and European Affairs' Immigration Directorate. The applicant will pick up the residency permit in person at the Immigration Directorate after a few days.
CONDITIONS
- A series of requirements must be fulfilled to apply for Luxembourg Residency by Investment programme. Check all the requirements for obtaining Luxembourg Investor Visa.
- Accommodation:
Proof of suitable housing (rental agreement, property deed, etc.); - Financial Requirements:
Until applying for authorization to remain, third-country nationals must present their project or evidence of investment to the Minister of the Economy or the Minister of Finance and receive approval from the minister concerned. The concerned minister notifies the third-country national investor in writing. In the case of support, the third-country federal must apply for stay authorization before entering the country. - Criminal Record:
An extract from the criminal records or an affidavit (sworn oath) established in the country of residence. - Medical Tests:
Before applying for a residence permit, the young third-country national must undergo a medical check for foreigners as soon as possible, which includes:
• a medical examination by a doctor established in Luxembourg and authorised to work there as a general practitioner or a practitioner specialised in internal medicine or paediatrics.
• The Health and Social Welfare League (Ligue médico-social - LMS) conducts tuberculosis screenings.
FAMILY
- Parent Dependent:
AFTER 12 MONTHS: First-degree direct descendants of the sponsor or their spouse or partner (mother and father), who are dependent on the sponsor or their spouse or partner and lack the requisite family support in their country of origin - Child Dependent
The sponsor's unmarried children under the age of 18 and the sponsor's spouse or partner's unmarried children under the age of 18 over whom they have custody and who are financially dependent on them, or, in the case of shared custody, where the other party sharing custody has given his or her consent; Unmarried children of the sponsor or their spouse or partner, age 18 or over, who are objectively able to provide for their own needs due to their state of health, after 12 months of residence
INITIAL PERMIT
-
Investors who are accepted are granted a three-year residence permit in Luxembourg. Given the 5-year investment cycle, the residence permit is only for a limited period to ensure that you have complied with the terms. Many who applied by investing in a business must show that they generated the requisite number of jobs to renew. While there is no physical appearance requirement for this visa, you must be present to apply for long-term residency for the majority of the year.
PERMANENT RESIDENCE
- The Duchy of Luxembourg provides a long-term residence permit after five years of residence. The permit is also valid for five years and renewable. To qualify for it, you must meet the following requirements:
- Residency Requirement:
five years (long term residency permit for third countries). Temporary absences of no more than six months in a row and no more than ten months in five years; uninterrupted absences of no more than 12 months in a row for important reasons. For more than six months, foreigners who plan to leave the Grand-Duchy of Luxembourg must return their residence permit to the Minister and file a departure declaration with the commune administration where they lived. - Health:
Have a health insurance certificate for himself and his family - Criminal Record:
Police Report from the Luxembourg criminal records office - Financial Requirements:
Proof of consistent, regular, and adequate financial resources (e.g., job contract, tax return) for the five years before the submission, as measured against the social minimum wage for unskilled workers; a recent certificate of association (social security registration certificate) from the Joint Social Security Centre (Centre Commun de la Sécurité Sociale - CCSS) for the previous five years - Other Conditions:
Any document showing the applicant's integration into Luxembourg society (e.g. certificate of language courses, club member card, testimonial evidence); proof of appropriate accommodation (e.g. rental agreement, property deed); any document proving the applicant's integration into Luxembourg society (e.g. certificate of language courses, club member card, testimonial evidence)
CITIZENSHIP
- Residence Requirements:
A minimum of 5 years of continuous residency, including one year before application, is expected. A year of habitual residence is characterised as a period of at least six months of living. - Language Requirement:
the Luxembourgish language, as evidenced by a Luxembourgish language test pass certificate or a certificate confirming participation in a Luxembourgish language course - Civics Test:
Documented by a certificate of passing the Luxembourg language evaluation test and participation in the course " Living Together in the Grand Duchy of Luxembourg " or passing the examination on the topics covered in this course. - Citizenship Conditions:
A biographical note, written accurately and signed by the candidate - Criminal Record:
the cops A history of the candidate's residences. The evidence on which the conviction is based must still be a criminal offence under Luxembourg law, and the sentence must have been definitively executed less than 15 years before the application for naturalisation unless a pardon is granted.