Residence permit in Luxembourg

Residence permit in Luxembourg for investment in local economy

Obtaining an investor's residence permit in Luxembourg means taking advantage of an attractive opportunity to live and work in one of the most prosperous and stable European countries. There are several programmes helping to move to Luxembourg in 2024, the most popular of which is investing significant funds in the country's economy. The minimum investment is €500,000. These funds can be used to set up a new business or buy shares in local companies. There is no investment in property. It is important to note that the government must approve investments and fulfil the established criteria.

The process must begin with an application to the Ministry of Foreign Affairs of Luxembourg. The application must include documents confirming the source and legality of the funds, as well as a business plan or investment project. After preliminary approval, the applicant must visit the country in person to complete the process.

One of the key advantages of getting a residence permit by investment is the right of free movement across Schengen countries. In fact, this European state offers a high quality of life, an excellent health care and education systems, and favourable conditions for doing business.

It's important to understand that the process may span several months. It is also crucial to realize that the investments should be long-term and reflect a commitment to the development of the country's economy. This responsibility is a key aspect of the investor's role.

Terms and conditions to get a residence permit in Luxembourg

An investor must fulfil several vital conditions. The minimum investment amount is €500,000, which can be used to set up a new business and purchase shares in local companies or securities. The investor must provide documents confirming the legality of the funds and a business plan. They also need to obtain approval from the government and visit the country in person to finalize the process, so you will need an entry visa.

Types of residence permit in Luxembourg

There are several types of residence permits, each of which is intended for different categories of applicants:

1. Residence permit for employment: intended for foreign nationals who have received a job offer from a Luxembourg employer;
2. Student residence permit: granted to international students enrolled in accredited educational institutions;
3. Residence permit for family reunification: intended for family members of Luxembourg citizens or foreigners who are already residing in Luxembourg;
4. Residence permit for entrepreneurs and self-employed: issued to persons planning to start their own business or work as self-employed;
5. Residence permit for investment in the economy. This type of residence permit is intended for foreign investors who are ready to invest significant funds (at least €500,000) in the country's economy by creating a new business or purchasing shares in local companies. The residence permit applicant for must provide documents confirming the legality of the origin of funds and a business plan. After preliminary approval by the government, the investor must visit the country in person to finalize the process.

Documents to obtain a residence permit in Luxembourg

To apply for and participate in the investment programme, the investor needs to provide the following documents:

1. An international passport;
2. Completed application form;
3. Passport format photos;
4. Confirmation of the legality of funds;
5. Business plan;
6. Proof of investment (the cost of residence permit in Luxembourg is €500,000);
7. Medical insurance and report confirming the absence of dangerous diseases;
8. Certificate of no criminal record.

Citizenship in Luxembourg

A passport in Luxembourg can be obtained through naturalization after living in the country legally for 5 years. The last year must be spent in the country without leaving the country. A Luxembourg passport is also granted by birth, marriage, study, or refugee status. In any of the cases, knowledge of the local language is required: the applicant for citizenship by investment in Luxembourg will have to pass a test.