How do you get Luxembourg residency through an investment program?

How do you get Luxembourg residency through an investment program?

Luxembourg is regarded as the wealthiest country and a top destination for business investment. The Luxembourg Golden visa program provides residency or citizenship permits to investors who want to invest in Luxembourg’s economy. The investment programs allow wealthy foreign nationals to contribute to the government and become residents in Luxembourg.

 

*Note: After five years of living in Luxembourg, an individual can acquire Luxembourg citizenship. 

 

Benefits of investing in Luxembourg  

Here are some benefits that a foreign national can enjoy after investing in the country:

 

• Travel to the EU countries and Schengen area without a permit
• Enjoy a high quality of life with a stable environment and investor-friendly legislature
• Access to social services
• Tax benefits
• Family reunification
• Explore Educational opportunities
• Get Luxembourg PR and Citizenship

 

Types of Luxembourg investment program

The Luxembourg Golden visa has two types of financial routes to invest in the country:

 

Residency by Investment

Non-EU countries Investor can choose from any one of the four investment options if they want to do residency by investment:

 

• An investment of EUR 500,000 in an existing Luxembourg company and maintaining it for five years
• An investment of EUR 500,000 into a new company in Luxembourg and within three years create five employments
• An investment of  EUR 3 million either into an existing or new company structure, including a registered office in Luxembourg, which must have sufficient funds
• An investment of  EUR 20 million for a commercial company that was established in Luxembourg and is maintained  for at least five years

 

Residence by private reason

The residence for private reasons is for those who are unwilling to work in Luxemburg. Instead, they can gain residency via investment. Foreign nationals can apply for residence for private reasons by completing the eligibility criteria:

 

• Proof of sufficient funds of EUR 27,000 per year
• Have permanent accommodation in Luxembourg, which can be rented or purchased

 

Requirements for Luxembourg Residency by Investment Programs

Here are the given requirements that must be fulfilled to get the Luxembourg Residence by Investment Program:

 

• Proof of accommodation in Luxembourg
• Proof of sufficient funds
• Valid Passport
• Employment contract
• No criminal records certificate
• Health insurance
• Proof of payment for state taxes or fees
• Fulfilling the investment condition

 

Process to get Luxembourg PR through the Investment Program

First, an applicant has to apply for a residency permit to enter the country via the investment program. The Luxembourg residency permit lasts up to:

 

• If an applicant chooses Residency by Investment, they will be granted a three-year residency permit, which can be renewed.
• If the applicant is applying through an investment Residence for private reasons, the residence will last up to one year and can be renewed.

 

Once the applicant receives a temporary permit with five-year validity, they can enter the country and transfer it into a valid Luxembourg residency permit via the investor visa program.

 

An applicant must reside legally in Luxembourg for at least five years and provide sufficient proof of funds with an appropriate residence to meet general health and safety standards to get a Luxembourg citizenship.

 

 *Looking for assistance with Luxembourg Immigration? Talk to Y-Axis, the world’s No. 1 overseas immigration consultancy for end-to-end support.