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How could the performance of the business impact my eligibility for residency in Luxembourg?

I want to establish a company in Luxembourg and use this investment to support my residency-by-investment application. Does the performance of the business matters when it comes to permit renewal?

  • Ziffer Group
    February 20, 2020

    Yes, the performance of the business does matter. Before submitting a residency-by-investment application you are required to present your business plan to the Ministry for Economy and obtain its approval. The business plan includes a financial forecast for the next five years and demonstrates that your business intends to create at least five new working places in Luxembourg within three years. When it comes to permitting renewal, the actual performance of your company will be compared with the initial business plan. The authorities will ensure that the company employs at least five employees in Luxembourg, and is financially stable but not necessarily profit-making at that stage.