10 benefits of living in Luxembourg

The benefits of living in Luxembourg are enormous, but the notable ones are discussed in this article. Luxembourg is not famous for being beautiful and peaceful alone, but also for the quality of life, the economic stability, healthcare, technology, among others. 

Here are the benefits of living in Luxembourg:

1. Quality of life

The most notable benefit of living in Luxembourg is the quality of life there. This country emphasizes more on having a balanced lifestyle, that is, work and wellbeing. Their health, educational, transportation, and social systems are world-class, which makes it more enticing. There is no unnecessary hassle; you get to enjoy what you work for with comfort. 

2. Tax benefits

In Luxembourg, various tax incentives include tax deduction, low-income tax rate, and so on. This makes Luxembourg a very appealing place to be and live for both foreigners and citizens. Earning decently without having to struggle to pay taxes sets Luxembourg apart among other European countries.

3. Networking opportunities

As a multilingual country, Luxembourg would expose you to professionals from different backgrounds, international companies, and many other institutions. This is one of the ways to grow in any chosen endeavour. There is room for long-lasting connections and advancement in your field.

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4. Economic stability

One of the prominent benefits of living in Luxembourg is the economic stability of the country. Apart from being one of the most beautiful and safest places to live, this country has a strong GDP per capita; they have built a formidable economy. A stable working environment for your career growth is certain because there is market and financial security.

5. Booming financial sector

As a professional in the banking sector, Luxembourg can help you advance your career. It is known as a major hub for banking and finance. Whether you’re into private banking, investment funds, or asset management, Luxembourg has created opportunities for professionals like you to succeed, which also include high earnings.

6. Innovation and technology 

Another benefit of Luxembourg is the growing emergence of innovation and technology. Companies such as the Luxembourg House of Financial Technology and, Luxembourg Space Agency offer opportunities that are also helping the industry to grow. The government, as well, is completely dedicated to growing the country in this aspect.

7. A peaceful environment

Luxembourg is a country known for its high level of safety and low crime rates. Living in Luxembourg, you get to enjoy and experience a pleasant and calm environment. There is always a location where you can relax with your friends and family, or even just be alone.

8. Efficient healthcare system 

Another benefit of living in Luxembourg that is worth mentioning is their healthcare system. They have public health insurance that enables you to choose your doctor or hospital freely. Although there is private healthcare that serves as a supplement. The public system is available for everyone regardless of their financial or social status. Luxembourg’s healthcare system is one of the most expensive in the world, but they are generous with it.

9. Good education

The school system in Luxembourg was modelled after the French education system. The University of Luxembourg, which was founded in 2003, offers a wide range of subjects. They also collaborate with other research institutes and universities across the world. You can choose to go to school in a neighbouring European country or the aforementioned university — their curriculum is exceptional.

10. Easy naturalization process

To become a citizen is quite easy in Luxembourg. You can apply for citizenship after five years of living there. In addition, you have to pass the Luxembourgish language test and a course called “Living together in the Grand Duchy of Luxembourg.”