Luxembourg: Residency for high net-worth investors in one of Europe's financial giants
Being Europe’s most powerful investment management centre and spanning less than 1000 square miles in total, The Grand Duchy of...
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Luxembourg
Overview
With one of the highest GDP per capita in the world and a AAA credit ranking, the Grand Duchy of Luxembourg is the ideal destination for investors and entrepreneurs seeking a rich business landscape and an attractive alternative location for private residence. The founding EU member state offers an excellent quality of life and advanced infrastructure.
The Luxembourg Residence by Investment Program allows foreign nationals to make an investment in the country and apply for a residence permit.
The country is one of the most attractive business destinations worldwide. For those who wish to reside in this EU nation with a flourishing economy, the Luxembourg Residence by Investment Program is the most efficient way to acquire such status. Under this program, wealthy individuals can make a significant contribution to the country and become Luxembourgish residents within approximately six months, with the possibility to acquire citizenship after five years.
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Minimum contribution of EUR 500,000
Approximately 6 months
No wealth tax and favorable inheritance and capital gains tax regime
Visa-free access to the EU and Europe’s Schengen Area
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Investment options:
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 creating 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. 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.
Steps to follow
Step 1 - Preliminary Check:
Our specialized team will review the documentation submitted to verify that the immigration requirements are met. In addition, we will verify the transparency of investment funds. As a result, we will have a background check report and signed contract.
Step 2 - Choose of Investment:
You must select the investment option that most convinces and suits you, so that later we can start the process. If you decide to obtain residency through real estate investment, we will help you choose your property based on your needs and desires.
Step 3 - Preparation of documents and sending to the corresponding agency:
We take care of everything: we obtain the criminal record certificates, we fill out and complete the government forms, we certify the documents before a notary, we do the translation and apostille everything (this service has a separate cost), and then we send it to the residence. We present your documents independently and with strict compliance with the requirements, as well as monitoring the progress of the application. As a result, we will confirm the receipt of the documents by the government.
Step 4 - Due Diligence check:
Once the residency agency receives all the documents, the applicant's background check begins. In the event that additional documents are required during verification, we will handle those requests.
Step 5 - Case Investigation:
We look forward to a positive resolution and receive the new documents together with you. If necessary, we can also help you with other operational, commercial and even domestic matters (including the arrangements of additional documents).
Step 6 - Receiving residency:
When the investment and all fees are paid, you receive the certificate of residence. Then, these documents are sent to you, so that after the wait, you can start enjoying them.
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FAQ
Does this residency allow me to obtain citizenship?
Yes, there is the possibility to acquire citizenship after 5 years.
For how long will I have the residence?
The residence permits are valid for an initial period of three years under residence by investment. To renew their residence permit, investors must demonstrate having spent a significant length of time in the country (at least 6 months).
What documents are required?
• A completed application form with a photograph. • A copy of your passport. • Documents that prove your income is legal. For example a employment contract. • Certificates of no criminal records. • Health insurance policy. • Payment documents confirming the payment of state duties and fees. • Documents confirming the fulfillment of the investment conditions stipulated in the application.
Is Luxembourg Safe?
Yes, Luxembourg’s high level of safety and security as well as its low rate of crime are considered to be linked to its overall wealth and its residents’ level of satisfaction with life in Luxembourg.
Is dual citizenship accepted in Luxembourg?
Yes, since 1 January 2009, Luxembourg has allowed dual citizenship.
With what currency must the residency programs be paid?
This residency program should be paid in euros.
How strong is the Luxembourg visa?
The Luxembourg passport gives you Visa-free access to the EU and Europe’s Schengen Area.
Can the residence be purchased with an investment in Real Estate?
The Luxembourg Program allows foreign investors to purchase real estate in the county and obtain residency.
In what cases can my application be rejected?
Most of the applications are authorized, however there are some reasons why you may have difficulty with this residency. Such us: • Having criminal records. • Lack of documentation. • Do not meet the minimum time in the country.
The main applicant must go to Luxemburgo?
Yes, you would have to Travel to Luxembourg (within 90 days of receiving authorization).
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