Moving to Luxemburg
Information about what to do before arranging removal to Luxemburg.
People moving to Luxembourg often wonder as to how the capital city of such a small country of hardly 2600 square kilometres with a population of not even 500,000 can become such an important centre for international banking and could create a global environment.
The city houses many banks, the majority of which are banks of other countries with substantial inter continental deals and transactions. Corporates and businesses find moving to Luxembourg more practical and commercially viable to take the holding company structure and operate there.
You can see a marine west coast climate in Luxemburg, with rain in abundance in late summer months and hot weather between May and September.
While everyone moving to Luxembourg notices the imposing presence of some European organizations in the city, not everyone knows that the city is arguably among the wealthiest cities in the world.
So it is that one should consider moving to Luxembourg if he wants to move into a city of dynamic economic activity which is also compact in terms of size, population and expat community. About half the work force is from some other EU member country.
If you are thinking of moving to Luxembourg, you may like to consider the fact that taxation is reportedly very high on individual income. Employers are required to and they do deduct the income tax at source from the employee’s pay on a ‘pay as you earn’ (PAYE) basis.
People moving to Luxembourg find accommodation costs very high and prohibitive. But so are the other costs. It is true that when you are moving to Luxembourg, you are moving into a place which is among the cities with the highest cost of living; it is equally true that one moving to Luxembourg is also moving into a place where you find the highest per capita income.
As a matter of fact, people taking up new employment in the country find it easier to commute than moving to Luxembourg as supported by the fact that between 65% and 70% of these do cross-border travels.
People desirous of moving to Luxembourg do not a need a visa if their passports are valid and are issued by European Union and certain other countries including but not limited to Australia, Canada, Israel, Japan, New Zealand, Singapore, Switzerland, and the United States.
Nationals of other countries considering moving to Luxembourg may need to check regarding the visa requirement.
Citizens of EFTA, EEA and Switzerland can easily consider moving to Luxembourg as they do not need a visa or a work permit; however, people moving to Luxembourg from the ‘new’ Member States such as Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia do have to take an individual work permit.
If you are moving to Luxembourg for work and if you are from a country that is not a full EFTA/ EEA Member or from some other country you may have to secure a visa and permit.
More and more people consider moving to Luxembourg on account of the high standard of living, higher salaries and an international environment and work culture.
When you're ready to relocate, click here to book your removal to Luxembourg.