Luxembourg is a part of the Schengen area and is popular among immigrants for its standardized lifestyle, robust economy, and multilingual environment. During the last few years, Luxembourg experienced a rise in its immigration rate. Specifically, in 2023, around 313,400 of Luxembourg's total population of 660,800 were foreign nationals, and still thousands of applicants are anxious to move to Luxembourg, but have you ever thought about why Luxembourg is a top choice for immigrants in Europe?
Luxembourg is known for its welcoming approach and the facilities it offers to individuals during their stay in the country. To know more about Luxembourg and its facilities, let’s dive into this guide.
Economic Stability
Luxembourg features a robust economy characterized by low unemployment rates and a high GDP per capita. Real GDP growth in Luxembourg is anticipated to be modest in 2024, estimated at 1.2%. This is expected to increase to 2.3% in 2025. This economic and market stability is crucial for expatriates contemplating a significant life change, as it assures them of a secure environment conducive to career advancement and financial well-being.
Employment Opportunities
Luxembourg is a vibrant employment opportunities center and a hub for finance and technology. Jobs in Luxembourg come with high salary packages and a multinational work environment. The top sectors to work in include finance, IT, cybersecurity, banking, investment funds, and insurance.
High Quality of Living
International surveys and rankings consistently place Luxembourg among the top 20 countries for quality of life globally. The high levels of safety and security, along with a low crime rate, are often attributed to the nation's overall wealth and the satisfaction of its residents with life in Luxembourg.
Appealing Employment Landscape
Luxembourg has consistently presented an appealing opportunity for applicants seeking to take advantage of its low unemployment rate, minimal inflation, and robust economic growth. Individuals primarily benefit from a dynamic, technology-driven service sector, competitive salary levels compared to the rest of Europe, and a newly implemented five-year tax exemption for those employed in Luxembourg.
Generous Tax Advantages
Luxembourg provides appealing tax advantages for expatriates, featuring a relatively low tax rate along with various deductions, making it an attractive location for skilled professionals aiming to maximize their income. This is particularly noteworthy for a European nation, as many other countries in the region impose higher tax rates.
Strong Job Market
Luxembourg possesses a strong economy with a low unemployment rate that flourishes the job market in industries like technology, finance, healthcare, and logistics. Applicants exploring the Luxembourg job market in these professions have a higher chance of securing employment.
Efficient Healthcare System
Luxembourg operates a compulsory public health system that offers universal coverage to 98% of its residents. Individuals enrolled in public health insurance have the freedom to select their preferred hospital while in the private healthcare sector, it serves as supplementary insurance. Around 60% of Luxembourg's population chooses to acquire extra complementary mutual insurance.
Advanced Innovation and Technology
Luxembourg is rapidly establishing itself as a center for innovation and technology, with the government committed to fostering economic growth in this sector. Organizations such as the Luxembourg Space Agency and the Luxembourg House of Financial Technology (LHoFT) provide professionals with exciting opportunities to engage in pioneering projects and industries.
Top-notch Education
The educational framework in Luxembourg is based on the French system and culminates in an internationally acknowledged. Upon completion of their studies, graduates have the option to pursue higher education to meet the specific needs of expatriate children. The diverse staff and international curricula are among the key factors that lead parents to choose international schooling for their children.
International Networking Opportunities
Luxembourg, as a multilingual and multi-national nation, offers professionals the chance to engage with a diverse range of globally recognized businesses, institutions, and experts. Due to its compact size, the networking potential in this country is significant, facilitating the development of meaningful and enduring relationships, along with numerous prospects for career progression.
Wrapping up!
Luxembourg is an astonishing destination in Europe and popular among applicants for migration. Thousands of applicants are anxious to move here due to its quality of life, robust economy, diverse cultural landscape, political stability and safety, outstanding healthcare, education, and social services.
Go-Global Immigration Services will assist you in relocating from India to Luxembourg with expert guidance on immigration and through the best pathways. To begin your journey, connect with us now!
