Luxembourg, a landlocked country in Western Europe, is bordered by France, Belgium, and Germany. The official languages of Luxembourg are Luxembourgish, French, and German.
Founded in 963, Luxembourg became a grand duchy in 1815 and an independent state under the Netherlands. Full independence was attained in 1867. Overrun by Germany in both world wars, it ended its neutrality in 1948 when it entered into the Benelux Customs Union and when it joined the North Atlantic Treaty Organization (NATO) the following year. In 1957, Luxembourg became one of the six founding countries of the European Economic Community (later the European Union [EU]). In 1999, Luxembourg adopted the euro (EUR) as its currency.
Luxembourg is divided into three districts, with the city of Luxembourg as the capital. The small, stable, high-income economy, benefiting from its proximity to France, Belgium, and Germany, has historically featured solid growth and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector, which now accounts for more than 30% of gross domestic product (GDP), has more than compensated for the decline in steel. Most banks are foreign owned and have extensive foreign dealings. The economy depends on foreign and cross-border workers for about 70% of its labour force.
Even though Luxembourg was impacted by the global economic crisis that began in 2008, the country continues to enjoy an extraordinary high standard of living. In the year 2017, Luxembourg's growth in volume terms was 2.3% and is foreseen to be 4.6% in 2018.
Located at the heart of Europe, Luxembourg has established a reputation as a favoured location for a wide range of international companies from a variety of sectors with diverse business models. Luxembourg provides companies with the capability to establish and adopt business, regulatory, and tax framework for added-value activities in Europe and beyond. Luxembourg is a unique gateway to the European market, 500 million plus consumers (and around 70% of the EU's wealth) are concentrated in a 700-kilometre area around the Grand Duchy.
Luxembourg's success can be attributed to a succession of positive, long-term, focused, and innovative government policies aiming to enhance business and diversity of the country's economy. This approach has allowed Luxembourg to offer companies exceptional opportunities for doing business in Europe. These opportunities include its international and highly skilled labour force, high return on investment, easy access to government bodies, and a very attractive and stable legal and tax framework.
l. List of all your bank (chequing and savings) and investment accounts, the account numbers, dates each account was opened and the balance of each account over the past six months,
2. Letter of Acceptance Instructions
Luxembourg is a member of the Schengen Area. Schengen visa holders are able to move freely between the states on a short-term basis for up to 90 days, for either the purpose of tourism or business. With a Schengen visa, it is possible to enter one country and travel freely throughout the Schengen zone. Passport holders of certain other countries can benefit from the same rule.
EU citizens and others who are allowed free movement may enter Luxembourg and stay there for up to three months with a valid identity card or passport. In order to stay longer, they must either be employed by a company, self-employed, enrolled at a public or private educational institution or have sufficient resources to not be a burden on the social security system and have health insurance coverage. They must go to the local authority offices in their place of residence within three months of arrival, in order to apply for a registration certificate.
Depending on the purpose of your travel, there are different types of visas that will apply to the occasion. Whether you are planning to go on a visit, study or work and reside there permanently, you will have to apply for a different visa, accordingly.