Foreign nationals can apply for residence permits in Luxembourg through the Luxembourg Residence by Investment Program.
The Grand Duchy of Luxembourg is one of the most appealing business destinations in the world. The Luxembourg Residence by Investment Visa is the most expedient way to obtain such status for those who seek to reside in this EU nation with a thriving economy.
Wealthy persons can participate in this scheme by making a major donation to the country and becoming Luxembourgish residents within six months, with the option of acquiring citizenship after five years.
What exactly is a Luxembourg Investor Visa?
As of 2017, the Immigration Law of Luxembourg allows a third-country national who is not a member of the European Union to get a residence permit.
The investor visa program or Luxembourg Golden Visa scheme is open to foreign investors and non-EU residents to assist the government’s economic diversification and growth agenda, asking qualified applicants to invest in the country’s economy and get residence permits in return.
The decision was taken to foster entrepreneurship in the country and to help the local economy through this investor visa scheme.
But why Luxembourg, you might ask? Aside from allowing you to live in a safe and stable EU Member country with excellent business opportunities, a Luxembourg residence permit allows you to travel visa-free throughout the European Union (including all 26 Schengen member states). As a citizen, you can travel to 174 countries without a visa.
The Advantages of Investing in Luxembourg
- Visa free access to the EU and the Schengen Area of Europe
- 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
- Great family wealth management funds
Luxembourg Residence by Investment Program Investment Options
Applicants can select between the two alternatives below to qualify for residency:
1. Residence through investment
Non-EU investors can select from the four investment alternatives listed below:
- A minimum of EUR 500,000 into an existing Luxembourg based company (with commercial, industrial, or craft activities) and a commitment to keep the existing job for five years
- A minimum of EUR 500,000 into a new Luxembourg company (with commercial, industrial, or craft activities) and a commitment to create at least five jobs over the next three years
- A minimum of EUR 3 million into an existing or new investment or management structure with a registered office in Luxembourg and suitable substance.
- A minimum deposit of EUR 20 million in venture capital funds through a financial institution established in Luxembourg, which must be kept for at least five years.
2. Residence for personal reasons (when the successful candidate is unable to work in the country)
Individuals from underdeveloped countries can apply for private residence by meeting the following requirements:
- Demonstrate their ability to live solely on their own financial resources (evidence of a yearly income of at least EUR 27,000 is required; bank savings alone may not be considered sufficient).
- Maintain permanent residency in Luxembourg, including third-party liability insurance and property insurance for rented or purchased property.
