The Luxembourg Chamber of Deputies adopted on 08/02/2017 a law that seeks to attract new 'Quality Investors' from third countries.
According to the new law, the Minister will grant the residence permit in Luxembourg to "investors" from any third-country national:
Who will invest at least 500,000 euros in an existing company, having its registered office in the Grand Duchy of Luxembourg, while committing to maintain the investment for at least five years, or
Who will invest at least 500,000 euros in a company to be created, having its registered Head Office in the Grand Duchy of Luxembourg, and having a commercial or artisanal activity with the commitment to create at least five jobs to be filled in collaboration with ADEM (Unemployment Agency) within three years of the creation of the company, or
Who will invest at least 3 million euros in an existing or to be created investment & management structure with its registered Head Office in the Grand Duchy of Luxembourg and maintaining locally an appropriate structure, or
Who will invest at least EUR 20 million in the form of a deposit in a Luxemburgish financial institution with the commitment to maintain this investment for a minimum period of five years.
Real estate investments are excluded from the eligibility criteria.
The idea is to attract fortunate people from Middle East, Russia, South America or China.
To be eligible, you will need to spend at least half the year in Luxembourg.
For any assistance on residence/work permits in Luxembourg please contact us:
E: info@luxrelo.lu
http://www.luxrelo.lu/work-permit-immigration
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