After reading this guide, you will discover how You Can Gain Luxembourg Citizenship By Investment
Though not one of the most popular in Europe, Luxembourg is one of the best countries. Luxembourg has a clean atmosphere and a serene environment. Speaking of economic stability, it’s among the richest in the whole of Europe. In this blog post, we will discuss how you can attain Luxembourg citizenship by investment in 2024.
Talking of location, Luxembourg is situated between France, Belgium, and Germany. This explains why it’s citizens and residents communicate in German, French, and English. The country is small in land size, but still it’s rich and influential.
Being less popular also has its advantage. It’s one of the best places for people seeking asylum, avoiding some sort of people, or looking for a peaceful and quiet place to start all over and settle down.
To gain citizenship by investment in Luxembourg is straightforward. You have to apply for the Luxembourg Investor Visa Program and gain permanent residence. This is also known as a Golden Visa scheme.
The Luxembourg Investor Visa Program
The Luxembourg Investor Visa Program is such that allows investors a residence permit of 3 to 5 years.
Once the duration of 5 years is complete, the applicants are now suitable and can apply for Luxembourg permanent residence. This gives them naturalization to citizenship of Luxembourg.
Benefits Of The Luxembourg Investor Visa Program
Being a permanent resident and citizen of Luxembourg has many advantages. Let’s see some of them.
- Safe and stable environment.
- Many business opportunities, more than you can ever utilize.
- You are allowed free Visa to travel to all countries in the European Union. This also includes the 26 Schengen member states.
- Banking is safe in Luxembourg. Your money and all you have built won’t come crashing in just a single day.
- Luxembourg is a business hub in Europe and one of the richest in the continent. It has one if the highest rate per capita Gross Domestic Product (GDP) in the world.
- Taxes in the country are not hell-bent nor uncomfortable. They are favorable for the average businessman.
- A good standard of living is guaranteed in Luxembourg. The healthcare and medical sector is okay.
- Excellent education is present in Luxembourg for your children.
Requirements For The Investor Visa Program In Luxembourg
The requirements for the Investor program is listed below.
- Applicant must be more than 18 years of age.
- Applicant must have a clean criminal record and must also provide reports that serve as evidence.
- The applicant must proof that he/she can afford standard housing in Luxembourg. There is the option of renting or purchase.
- The applicant must be able to proof that he/she has a legitimate source of income.
- The applicant must have a health insurance certificate.
- The applicant can not leave the country for more than 6 months consecutively.
Having understood this, let’s take a look at the financial requirements for this Golden Visa scheme.
Financial requirements for the Golden Visa In Luxembourg
To become a citizen of Luxembourg by investment, you have to follow all these steps and meet the following financial requirements.
There are 4 routes or methods to do this. You can go for anyone you are comfortable with.
Method 1: Through Existing Business
To go by this route, you have to make an investment of at least €500,000 in an already existing company. The company have a registered office in Luxembourg, and you have to pay a visit there.
As a foreign Investor, you have keep the investment for a minimum of 5 years.
Method 2: New Business
The new business route involves you investing €500,000 in a new business. The business will be yet to be established with one of it’s offices registered in Luxembourg.
Within 3 years of incorporating that new business, there must be slots for 5 job positions, all full time. This means that there must be at least 5 full time employees in that company.
Also when employing the staff, you must involve the help of the National Employment Agency.
Method 3: Management and Investment Structure
This route requires you to have a capital contribution of €3 million minimum. It must be in an investment structure that already exists or one that is yet to be established.
The investments can be made by you or through an intermediate party. The investment structure must have enough authority over activities and also considerable finance processes.
Method 4: Bank Deposit in a Financial Institution
The 4th route is the simplest of all, though also the most expensive. This requires the applicant to deposit €20 million in a financial institution in Luxembourg.
This financial institution can also be a bank. The applicant must have in mind to keep the deposit for a minimum of 5 years.
Steps To Apply For The Luxembourg Golden Visa
- Submit your application to the Immigration Directorate. Wait for approval.
- Within 3 months the applicant will receive a letter of approval.
- Make the investments and then proceed.
- Travel to Luxembourg, register your commune and do your medical check.
- When all these is done, you will be given your Golden Visa
After 4 months of residing in Luxembourg, you can get your permanent residence issued. To obtain the citizenship, you have to reside in the country for 5 years.
How Can I Buy And How Much Does It Cost For Luxembourg Citizenship
Buying of citizenship in Luxembourg is not possible. However, you can use the Investor program to become a citizen or obtain permanent residence.
To know more about the Investor program or the Golden Visa scheme, you can go through this blog post from the beginning.
Luxembourg Dual Citizenship
Starting from January 01, 2009, Luxembourg has allowed dual citizenship.
Anyone can be a dual citizen of Luxembourg as far as the other country is in support of it.
Reclamation Of Luxembourg Citizenship Phase 2
You can reclaim your Luxembourg citizenship if you have evidence to show that you have a predecessor who was a citizen of Luxembourg.
The ancestor must be a citizen as at January 01, 1900.
Also, the parents of the person must behave lived in Luxembourg for at least 12 months before his/her birth.
