How and why to get a residence permit in Luxembourg?
Anna Druz talks about the methods of obtaining a residence permit in Luxembourg, describes the advantages and opportunities that he can offer an entrepreneur
The international consulting company Mercer, known for publishing a regular rating of quality of life around the world, called Luxembourg the safest city in the world. The study puts Luxembourg in the spotlight, given that it has managed to overtake Zurich, Munich, Düsseldorf, Copenhagen, Basel and Geneva and other cities in Western Europe, which traditionally occupy high places in surveys on the quality of life.
Combined with the recent simplification of the naturalization process, a well-developed financial services industry and a good location, Luxembourg is becoming increasingly attractive for wealthy immigration and capital outflows.
The naturalization procedure means obtaining citizenship not by blood law (place of birth), but by land law – that is, by place of residence. So how do you get a residence permit according to the new procedure?
The easiest way to obtain a residence permit in the European Union is to buy real estate, it can be various commercial facilities, residential buildings, historical buildings or building land. So, Portugal is now very popular, where you can get a “Golden Passport” when buying new real estate worth from 500 thousand euros or old real estate worth from 300 thousand euros.
But in the case of Luxembourg, things are somewhat different; to get a Blue Card you need to either have a company in Luxembourg or work in positions with a salary of at least 12 thousand euros per month.
In accordance with changes in Luxembourg legislation, the Blue Card is a residence permit that is granted for four years, and citizenship can be obtained by a simplified procedure for 5 years.
A standard residence permit in Luxembourg offers the following rights:
Freedom of movement and residence in the Schengen countries;
Freedom of employment in all countries of the Schengen area;
The opportunity to become a client of reliable European banks, be protected by bank secrecy and use products such as credit cards, flagship online banking and much more;
The right to use all medical services in Luxembourg, as well as Germany, France and so on. With the right to compensation of 75-90% of the cost of medical services from the state;
Access to one of the best pension systems in the world with the possibility of transferring all contributions to another EU country in case of departure;
Obtaining citizenship after five years of residence.
An important tool for obtaining the “Blue Card” is the high professionalism of the applicant, if a person proves himself to be a valuable employee, he receives additional privileges:
Single issue of a residence permit for a period of four years;
The ability to quickly reunite with your family;
The possibility of “transferring” the spent years in Luxembourg to another EU country.
Thus, obtaining a residence permit in one of the most advanced countries in the world – Luxembourg – is based on the professional qualities of the applicant (a kind of labor investment in the present and future of the country).