Big changes have arrived for Luxembourg’s financial sector. On April 9, 2025, the Commission de Surveillance du Secteur Financier (CSSF) rolled out a series of new circulars to bring local regulations in line with the EU’s Digital Operational Resilience Act (DORA). If you’re a financial entity or a service provider in Luxembourg, here’s what you need to know-and do-right now. What’s Driving the Change? DORA officially became law on January 17, 2025, aiming to boost the digital resilience of the financial sector across the EU. It sets out tough new standards for managing information and communication technology (ICT) risks, reporting incidents, testing resilience, managing third-party risks, and sharing intelligence. The CSSF’s latest circulars are designed to remove regulatory overlaps, clarify requirements, and make sure Luxembourg’s framework matches the new EU-wide rules. Key Regulatory Updates Here’s a breakdown of the main changes: ICT and Security Risk Management New Circular CSSF 25/880: This is now the go-to rulebook for payment service providers (PSPs), whether or not they fall under DORA. It adopts the latest EBA Guidelines on ICT and security risk management and sets out how PSPs should assess their ICT risks. It also introduces new reporting requirements on operational and security risks. Circular CSSF 20/750: This circular now only applies to non-DORA entities, with a narrower definition of “PSPs.” If you’re a DORA entity, you’re no longer covered by this circular. Outsourcing Arrangements Circular CSSF 22/806: Previously, this covered all outsourcing-including ICT outsourcing. Now, for DORA entities, it only applies to business process outsourcing. ICT outsourcing is governed directly by DORA, so there’s no more overlap. For non-DORA entities and management companies, the circular still applies in full. Cloud Computing: Specific contractual clauses for cloud service providers have been repealed to harmonize requirements for both DORA and non-DORA entities. New Requirements for ICT Third-Party Services New Circular CSSF 25/882: This sets out the rules for DORA entities when using ICT third-party services. It covers reporting obligations, the need to maintain a detailed register of all ICT third-party arrangements, and retains some elements from the old framework that aren’t covered by DORA but are still needed for compliance. What Should Financial Entities Do Next? Here’s a quick action plan to help you stay compliant: Review and update your ICT risk management procedures to align with the latest EBA Guidelines and Circular CSSF 25/880. Make sure you meet the new reporting requirements under Article 105-1(2) of the Law of 10 November 2009 on payment services. Check your outsourcing agreements. Update them to reflect the new requirements in Circular CSSF 22/806 (for business process outsourcing) and Circular CSSF 25/882 (for ICT outsourcing and third-party services). If you’re a DORA entity, ensure you’re maintaining a comprehensive register of all ICT third-party arrangements as required by the new circulars. These changes aren’t just about ticking boxes-they’re about building stronger digital defenses in a world where cyber risks are growing fast. DORA’s requirements are now the gold standard, and the CSSF is making sure Luxembourg’s financial sector keeps pace. By acting now, you’ll not only stay on the right side of the rules but also help protect your business and your clients from digital threats. If you’re unsure how these updates affect your organization or need help updating your policies and contracts, now’s the time to seek expert advice. The new rules are here, and being proactive is the best way to stay resilient. Read more: https://www.cssf.lu/en/2025/01/entry-in-application-of-dora-regulation-on-17-january-2025/ https://www.cssf.lu/en/digital-operational-resilience-act-dora/ https://www.goodwinlaw.com/en/insights/publications/2025/01/alerts-finance-fs-entry-into-force-of-dora-in-luxembourg https://www.cssf.lu/en/2025/04/definition-of-ict-services-under-dora-new-forms-for-ict-third-party-arrangements-ict-outsourcing-arrangements/ https://chambers.com/articles/dora-the-cssf-is-making-far-reaching-changes-to-its-regulatory-framework-on-ict-risks-and-outsourc https://practiceguides.chambers.com/practice-guides/banking-regulation-2025/luxembourg/trends-and-developments https://www.nautadutilh.com/en/insights/cssf-aligns-outsourcing-rules-with-dora-framework/ https://insightplus.bakermckenzie.com/bm/banking-finance_1/luxembourg-cssf-aligns-with-dora-key-updates-on-ict-and-outsourcing-regulations https://www.arendt.com/news-insights/news/entry-into-application-of-dora-today/ https://www.klgates.com/Digital-Operational-Resilience-in-the-Financial-Services-Sector-EU-and-UK-Update-7-31-2024 https://www.cssf.lu/en/2024/12/dora-regulation-reminders-and-advice-on-preparedness/ https://www.cssf.lu/en/2025/04/updates-of-several-cssf-circulars-related-to-ict-risk-management-and-use-of-ict-third-parties-ict-outsourcing/ https://www.mondaq.com/financial-services/1572410/entry-into-force-of-dora-on-january-17-2025-the-cssf-will-be-at-the-heart-of-the-compliance-framework-in-luxembourg https://www.cssf.lu/wp-content/uploads/cssf22_806eng.pdf https://www.deloitte.com/lu/en/Industries/financial-services/perspectives/cssf-releases-outsourcing-circular.html

Luxembourg has rolled out new legislation that significantly enhances employee protections during cross-border mergers, conversions, and divisions. This move aligns the country with the EU’s Mobility Directive (Directive (EU) 2019/2121) and brings important changes for both companies and their workforces involved in cross-border restructurings. What’s New for Companies and Employees? If your business is planning a cross-border restructuring—whether a merger, conversion, or division—published on or after April 1, 2025, you’ll need to follow a much stricter process for informing and consulting employees. Here’s what’s changed: Companies must now formally notify shareholders, employee representatives (or employees directly if there’s no representation), and creditors about the planned restructuring. This notice must be given at least five working days before the shareholders’ meeting. Detailed explanatory reports, previously only required for shareholders, are now mandatory for employees as well. These reports must analyze the impact of the restructuring on employment relationships, outline any measures to safeguard jobs, and describe any significant changes to working conditions or company locations. These employee reports must be made available electronically to representatives or employees at least six weeks before the shareholders’ meeting, alongside the draft terms of the operation. Employees or their representatives can submit comments on the restructuring, which must be considered by shareholders and attached to the shareholders’ report. While these comments aren’t binding, they ensure employees’ voices are heard in the process. The rules for employee information and consultation, previously limited to cross-border mergers, now also cover cross-border conversions and divisions Stronger Employee Participation Rights The new law doesn’t just stop at information and consultation. It also expands employee participation rights: Employee board-level participation, previously only required for cross-border mergers, now extends to conversions and divisions. If a company has averaged at least 800 employees over the past three years, it must ensure employees have representation at the board or supervisory level. In cases where a cross-border operation involves a company already subject to employee participation, the new entity must either apply standard participation rules or negotiate a new framework with a special negotiating body. The outcome of these negotiations must be communicated to employees within three working days. If negotiations fail, default provisions ensure that employee participation remains at least at the previous level. Employee participation rights must be protected for four years after the restructuring, even if there are further mergers, conversions, or divisions during that period. Imagine a Luxembourg-based company with 1,000 employees planning to merge with a company in another EU country. Under the new law, management can’t simply announce the merger and move on. Instead, they must prepare a detailed report for employees, allow them to submit comments, and ensure that employees are represented on the new company’s board for at least four years after the merger. This gives employees a real say and ensures their interests are protected throughout the process. Actionable Steps for Companies If you’re considering a cross-border restructuring, here’s what you should do: Start early: Begin preparing detailed employee reports and set up clear communication channels with employee representatives. Meet the deadlines: Ensure all notifications and reports are delivered within the required timeframes—six weeks for reports, five working days for comments before the shareholders’ meeting. Plan for participation: If your company meets the 800-employee threshold, be ready to negotiate board-level participation and protect those rights for at least four years. Consult legal experts: Given the complexity and strict requirements, seeking specialized legal advice can help you avoid compliance pitfalls and potential disputes Why This Matters These changes put Luxembourg at the forefront of employee protections in cross-border restructurings. They ensure employees are not left in the dark and have a meaningful role in shaping the future of their workplace. For companies, compliance isn’t just a legal box to tick—it’s a way to build trust and stability during times of significant change. Connect, Belong, Thrive: Your Expat Community in Luxembourg - Sign Up Free! luxembourgexpats.lu

Luxembourg residents can expect a pay boost in May, thanks to the country’s automatic wage indexation system. On April 11, 2025, the national statistics office (STATEC) announced that inflation is on track to reach the threshold that triggers this adjustment. If you’re working or receiving a pension in Luxembourg, this means your income is likely to rise soon to help keep up with the cost of living. The final confirmation will come at the end of April, but experts believe this will be the only wage indexation for 2025. For many, especially expats adjusting to life in Luxembourg, this increase is a welcome relief as prices for everyday goods and services continue to climb. Wage indexation is a unique feature of Luxembourg’s economy, designed to protect purchasing power by automatically adjusting salaries and pensions in line with inflation. This system helps ensure that residents don’t fall behind as living costs rise, making it easier for everyone—including newcomers—to manage their budgets and maintain their standard of living. As the official announcement approaches, employees and pensioners across the country are watching closely, knowing that this adjustment can make a real difference in their monthly finances. For expats, it’s another example of how Luxembourg’s social policies aim to support residents and help them thrive, even in challenging economic times. Connect, Belong, Thrive: Your Expat Community in Luxembourg - Sign Up Free! luxembourgexpats.lu

Six major banks in Luxembourg have selected LUXHUB’s platform to handle payee verification, a move that will help them comply with new European regulations set to take effect by October 9, 2025. This regulation requires all Payment Service Providers (PSPs) to verify recipient details—such as the name or business identifier—before processing any SEPA credit transfer, whether instant or standard. The aim is to ensure that the payee’s information matches the account details provided by the payer, regardless of how the payment is initiated. How LUXHUB’s Platform Works LUXHUB’s solution is designed to serve both Verification of Payee (VOP) and Routing and Verification Mechanism (RVM) functions. It operates as both a Responding and Requesting RVM under the European Payments Council’s VOP Scheme. The platform offers two main services: A secure system for PSPs to provide real-time name-account matching A unified access point for payer-side PSPs to reach participating payee-side providers This setup allows for instant verification and helps prevent errors or fraud in payment transfers. With the addition of these six banks, most account holders in Luxembourg—both retail and corporate—will benefit from a consistent and secure verification process. Why This Matters for Banks and Customers The new regulation means banks must be able to respond to verification requests from other institutions in real time. LUXHUB’s platform is mutualised, so as more PSPs join, the network becomes stronger and more efficient. By following the VOP Scheme Rulebook and API specifications, the platform ensures compliance and interoperability across the EU. For customers, this means greater security and fewer payment errors. For banks, it’s a way to meet regulatory requirements and offer a smoother, safer payment experience. What’s Next? With less than seven months before the deadline, banks and PSPs are encouraged to start integration projects as soon as possible. Early adoption will help institutions onboard clients gradually and get everyone comfortable with the new payment flow. LUXHUB is also in talks with other providers to expand the platform’s reach, aiming for secure and verified transfers throughout the European financial ecosystem. --- Join the online network for expats in Luxembourg, sign up free luxembourgexpats.lu

Europe’s investment sector is in a period of transformation, driven by political, economic, and demographic pressures. At the heart of this change is Luxembourg, a key hub for cross-border investment funds and a center of expertise for the continent’s financial industry. Why Is the Sector in Flux? Several factors are converging to reshape Europe’s investment landscape: Governments are planning major increases in public spending, especially on defense and infrastructure. Europe’s population is aging, putting more pressure on individuals to save and invest for their own retirement. The EU is pushing to deepen capital markets, making it easier for savings to flow into investments that support economic growth. Despite these needs, European households still hold a relatively small share of their wealth in stocks—just 6% directly, and 21% overall when including indirect holdings. This is much lower than in the US, leaving plenty of room for growth if the right policies are put in place. Luxembourg’s Strategic Position Luxembourg’s finance minister, Gilles Roth, recently highlighted the country’s growing importance as a gateway for international investment into Europe. With assets under management in Luxembourg’s funds rising by 11.5% last year to over €7.3 trillion, the country is well-positioned to benefit from any moves to channel more European savings into capital markets. The Association of the Luxembourg Fund Industry (ALFI) is advocating for reforms that would: Encourage the creation of Investment Savings Accounts across the EU Remove tax barriers that make cross-border investment difficult Simplify rules and reduce tax biases that favor debt over equity investments However, there’s a debate about how much regulatory control should be centralized at the EU level. Luxembourg and other financial centers want to maintain some autonomy, arguing that competition between regulators like Luxembourg’s CSSF and Germany’s Bafin helps foster innovation and expertise. Trends Shaping the Market One of the most notable trends is the rise of active exchange-traded funds (ETFs). Luxembourg recently eliminated the subscription tax on active ETFs, putting them on equal footing with passive ETFs and making the country even more attractive for fund managers. With over 3,300 ETFs listed in Europe, these products are becoming a major force in the asset management industry. Another key issue is the underdevelopment of occupational and private pension plans in Europe. Expanding these “pillar two” and “pillar three” pensions is seen as crucial for building deeper capital markets and helping Europeans save for retirement. Challenges and Opportunities Europe has a significant surplus of private savings, but much of it is invested outside the region. Mobilizing these funds for domestic investment could provide a powerful boost to European companies and economies. However, the level of medium- and long-term savings in the EU is still far below that of the US, highlighting the need for further reforms and incentives. Actionable Advice for Investors and Industry Professionals Stay informed about regulatory changes and new investment products, especially in cross-border hubs like Luxembourg. Consider the benefits of active ETFs and other innovative fund structures that may offer new opportunities. If you’re planning for retirement, explore occupational and private pension options to diversify your savings. For industry professionals, keep an eye on policy debates around regulatory convergence and competition, as these will shape the future of Europe’s investment sector. Europe’s investment sector is at a crossroads, and Luxembourg is poised to play a leading role in whatever comes next. Whether you’re an investor, a fund manager, or just interested in the future of finance, this is a space worth watching. Join our online network for expats, sign up free luxembourgexpats.lu

Luxembourg's unemployment rate remained steady at 5.9% in December 2024, matching November's rate and marking the highest level since May 2021. The National Employment Agency (ADEM) reported 19,532 registered jobseekers at year-end, a 7.3% increase compared to December 2023. Key Trends and Figures The year-over-year increase in unemployment rose by 1,334 individuals (+7.3%), driven by long-term jobseekers (registered ≥7 months), workers over 30, and highly qualified professionals. Notable job losses occurred in road transport, accounting, culinary production, IT, and banking sectors. Job vacancies declined by 15.2% annually to 5,935 positions, with steep drops in accounting and construction trades. Unemployment benefits recipients rose 9.3% year-over-year to 10,737, while participation in employment support programs held steady at 4,111. Eurozone Context Luxembourg's unemployment rate remains below the Euro Area average of 6.3% (December 2024). However, the unadjusted unemployment rate hit 6.2%—the highest since April 2021—highlighting persistent labor market pressures. Monthly Dynamics New registrations totaled 2,328 residents joining ADEM in December (+2.2% year-over-year), including 62 Ukrainian refugees under temporary protection. STATEC's adjusted rate (5.9%) masks fluctuations in raw data, which showed a 176-person monthly decline in unemployed individuals. Regional Comparisons Luxembourg's unemployment rate of 5.9% compares favorably to the Euro Area's 6.3%. However, youth unemployment in Luxembourg stands at 22.3%, significantly higher than the Euro Area's 14.8%. The job vacancy rate in Luxembourg is 1.4%. Implications While Luxembourg' labor market shows resilience compared to broader Eurozone trends, sector-specific declines and rising long-term unemployment signal targeted challenges. ADEM's data underscores the need for sector-focused workforce strategies amid economic headwinds.

The Luxembourg House of Financial Technology (LHoFT) and the Asian Development Bank (ADB) are set to launch the second edition of their groundbreaking initiative, Catapult: Inclusion Southeast Asia. This program, backed by the Luxembourg Government, aims to accelerate financial inclusion across the ASEAN region through innovative fintech solutions. Program Highlights: The 2025 edition will bring together 15 carefully selected startups for intensive sessions in two locations: - Manila: April 7–11, 2025 - Luxembourg: June 16–20, 2025 Participants will benefit from mentorship, workshops, and access to global networks, with all expenses covered, including travel and accommodation. Focus Areas: Catapult targets fintechs addressing financial access barriers in ten ASEAN countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Key sectors include: - AgriTech - InsurTech - Digital Payments - Green Finance - Microfinance Luxembourg's Strategic Role: Luxembourg continues to solidify its position as a global sustainable finance hub, allocating 1% of its Gross National Income to Official Development Assistance. The LHoFT Foundation, a public-private partnership, leverages Luxembourg's expertise in microfinance and fintech to create a bridge between ASEAN and European markets. ADB's Development Focus: The Asian Development Bank brings its extensive experience in poverty reduction and inclusive growth to the partnership. This collaboration is crucial in a region where 263 million people live on less than $1.90 daily. The initiative aims to address gaps in digital financial services infrastructure, consumer protection, and regulatory frameworks. Impact and Eligibility: The success of the inaugural 2024 cohort, which saw startups like Farmvocacy from the Philippines expand their regional impact, has set a promising precedent. For the 2025 program, eligible companies must: 1. Operate in ASEAN markets 2. Focus on financial inclusion (from MVP to Series B stage) 3. Submit applications by February 23, 2025 This collaboration between LHoFT and ADB exemplifies how public-private partnerships can drive fintech innovation and address financial exclusion in emerging markets. By connecting ASEAN fintechs with Luxembourg's robust financial ecosystem, Catapult: Inclusion Southeast Asia is poised to catalyze transformative solutions in mobile banking, AI-driven microloans, and other innovative financial services for underserved communities. As the program enters its second year, it stands as a testament to the power of global cooperation in tackling financial inclusion challenges and fostering sustainable economic growth across Southeast Asia. --- Join the expats on Luxembourg Expats network - signup free luxembourgexpats.lu

Spanish Prime Minister Pedro Sanchez has proposed a drastic measure to address the country's inflated property market: a 100% tax on property purchases by non-EU buyers. This bold move aims to tackle the issue of soaring housing prices and rents that have made homes increasingly unaffordable for local residents. Key Points of the Proposed Tax: 1. Target: The tax would apply to anyone from outside the European Union buying a home in Spain. 2. Rate: A 100% additional tax, effectively doubling the cost of property for non-EU buyers. 3. Impact: The tax cannot be recouped when selling the property, making it a significant deterrent for foreign investors. 4. Areas Affected: Popular regions like Costa del Sol and Catalonia would likely see a sharp decline in foreign property investments. Potential Consequences: 1. Short-term Popularity: The measure may initially gain support from locals struggling with high housing costs. 2. Market Closure: The tax would effectively shut out non-EU buyers from the Spanish property market. 3. Economic Repercussions: Spain may face significant economic challenges by deterring wealthy foreign investors. 4. Long-term Concerns: Critics argue that Spain will "pay a high price for slamming the door shut on well-off foreigners." This controversial proposal reflects the growing tension between attracting foreign investment and maintaining affordable housing for local populations. While it addresses immediate concerns about property inflation, the long-term economic implications for Spain's real estate market and broader economy remain a subject of debate. spectator.co.uk/article/spain-will-regret-its-100-per-cent-expat-property-tax

Luxembourg has recently unveiled a series of tax measures aimed at enhancing its appeal to skilled professionals and young talent. These changes, set to take effect in 2025, represent a significant overhaul of the country's approach to attracting and retaining high-caliber employees. Modernized Impatriate Regime The cornerstone of these reforms is the modernization of Luxembourg's impatriate regime. Starting in fiscal year 2025, eligible employees relocating to Luxembourg will benefit from a straightforward 50% tax exemption on their annual gross remuneration, up to €400,000. This simplification replaces the previous system of allowances, which was often perceived as complex and less competitive compared to other jurisdictions. Key features of the new impatriate regime include: - Availability for highly skilled employees hired from abroad or seconded from group companies - Exemption applicable for up to eight years following entry into service in Luxembourg - Minimum annual base remuneration requirement of €75,000 - Cap on beneficiaries at 30% of the company's workforce, with exceptions for newer enterprises Increased Thresholds for Profit-Participating Bonuses Luxembourg has also enhanced its profit-participating bonus regime, effective from fiscal year 2025: - Individual employee bonus threshold increased from 25% to 30% of annual gross remuneration - Overall bonus threshold raised from 5% to 7.5% of the employer's net profits from the preceding year New Incentives for Young Employees To attract young talent, Luxembourg has introduced two new measures: 1. Young Employee Bonus: Available from 2025, this offers a 75% tax exemption on bonuses for employees under 30, subject to specific conditions and limits. 2. Rental Allowance: Starting June 2024, employers can provide a partially tax-exempt monthly rental allowance of up to €1,000 for employees under 30, subject to certain income limits. These measures reflect Luxembourg's commitment to maintaining its competitive edge in the global talent market. By simplifying existing regimes and introducing new incentives, particularly for younger workers, Luxembourg aims to solidify its position as an attractive destination for skilled professionals in Europe. --- Join the Luxembourg Expats luxembourgexpats.lu

Luxembourg's Parliament has approved significant tax reforms set to take effect in fiscal year 2025, aimed at supporting businesses and individuals while providing important clarifications. These measures, voted on December 11, 2024, introduce several key changes to the tax landscape. Business-Focused Reforms The corporate landscape sees several beneficial changes: 1. Simplified Net Wealth Tax (NWT): A new progressive scale replaces the fixed EUR 4,815 amount, ranging from EUR 535 to EUR 4,815 based on total balance sheet. 2. Codified Shares Buyback: The tax treatment of share buybacks is now formally enshrined, with specific conditions for partial liquidations without withholding tax. 3. Participation Exemption Opt-Out: An opt-out mechanism is introduced for investments qualifying solely on acquisition price thresholds. 4. Reduced Corporate Income Tax: The rate decreases from 17% to 16%, lowering the aggregate rate in Luxembourg City from 24.94% to 23.87%. 5. Interest Deduction Limitation: New rules allow single entity groups to deduct exceeding borrowing costs under certain equity-to-asset ratio conditions. Individual and Employee Benefits Employees and individuals also see favorable changes: 1. Simplified Inpatriate Tax Regime: A 50% exemption on gross annual remuneration, capped at EUR 400,000, replaces the existing system. 2. Enhanced Profit-Sharing Scheme: Thresholds increase, with employers able to share up to 7.5% of yearly profits, and employees receiving up to 30% of gross remuneration. 3. New Young Employee Bonus: Employees under 30 in their first open-ended contract can benefit from a 75% tax exemption on bonuses up to EUR 5,000. 4. Personal Income Tax Adjustments: Revised tax brackets and a new tax credit for cross-border workers' overtime are introduced. These reforms demonstrate Luxembourg's commitment to maintaining its competitive edge in the global market while supporting its workforce and attracting talent. The changes aim to simplify certain tax processes, encourage business growth, and provide additional benefits to employees, particularly younger workers entering the job market. ---- Join Luxembourg Expats - the home of expats in Luxembourg luxembourgexpats.lu

Luxembourg's state-owned bank Spuerkeess has taken a significant step forward in its digital banking offerings by introducing a new feature for its 320,000 S-Net clients. This innovative functionality allows users to view their 'Up Meal Vouchers' account directly through the bank's e-banking platform, marking another milestone in Spuerkeess' journey towards comprehensive financial services. The integration, made possible through a collaboration with Open Finance provider LUXHUB, builds upon the bank's previous efforts to enhance its digital banking experience. Spuerkeess had already worked with LUXHUB to launch an account aggregation feature within S-Net, which currently covers 26 banks across Luxembourg, Belgium, France, and Germany, as well as European neobanks. S-Net has evolved into a centralized hub for clients to manage all their bank accounts, reflecting Spuerkeess' commitment to providing a seamless banking experience. The addition of the meal voucher functionality aligns with the bank's "beyond banking" vision, which aims to expand its services into other sectors. Alain Scholtes, deputy head of innovation office at Spuerkeess, emphasized the importance of this development, stating that it represents another step forward in the bank's mission to exceed client expectations in financial services. The integration process is user-friendly, requiring clients to simply connect to S-Net, click on 'Add account,' and input their Up credentials. This service, like the bank account aggregation feature, is offered free of charge to Spuerkeess customers. Alicia Brun, country manager at Up Luxembourg, highlighted the benefits of this partnership, noting that it allows Spuerkeess clients to easily check their Up Luxembourg meal vouchers balance and access detailed historical transaction data through both the S-Net e-banking solution and S-Net Mobile. LUXHUB, the Open Finance fintech behind this integration, was founded by four major banks in Luxembourg, including Spuerkeess, in response to the PSD2 directive. The company specializes in compliance services related to PSD2, FIDA, and Verification of Payee, as well as account aggregation and payment initiation solutions. Claude Meurisse, CEO of LUXHUB, expressed satisfaction with the collaboration, stating that the integration of Up Luxembourg meal vouchers balance into Spuerkeess' e-banking platform represents a step towards Open Finance and a more complete offering for clients. This latest innovation underscores Spuerkeess' commitment to its founding principles of promoting savings, facilitating access to housing, and supporting the development of the national economy, while simultaneously embracing digital transformation to meet the evolving needs of its customers. As banks continue to adapt to the changing landscape of financial services, Spuerkeess' integration of meal vouchers into its e-banking platform serves as an example of how traditional institutions can leverage partnerships and technology to enhance their offerings and provide added value to their clients. --- Join Luxembourg Expats - the home of expats in Luxembourg luxembourgexpats.lu

Luxembourg has emerged as a top destination for startups in 2024, offering a unique blend of advantages that support entrepreneurial success. Here's why the small European nation is attracting innovative businesses: Strategic Location and Market Access Luxembourg's central position in Europe provides startups with direct access to over 450 million consumers across the EU. Bordering Belgium, France, and Germany, it serves as an excellent base for expansion into surrounding markets. Robust Startup Ecosystem The country has developed a thriving startup environment through collaboration between government agencies, private businesses, and academic institutions. Initiatives like the Luxembourg Future Fund and Digital Tech Fund offer capital and mentorship to aid growth and scalability. Technological Innovation Luxembourg leads in technological innovation, particularly in fintech, cybersecurity, and green technology. The country's strong ICT infrastructure, advanced data centers, and top-tier connectivity solutions provide a solid foundation for startups in the digital economy. Access to Capital As a global financial hub, Luxembourg connects startups with various funding sources, including venture capital, angel investors, and institutional funds. The Luxembourg Stock Exchange offers innovative financing options, while EU-wide programs provide additional funding opportunities. Diverse and Skilled Workforce Luxembourg boasts a multilingual and diverse workforce, with nearly half of its population being foreign nationals. This diversity brings a wide range of expertise and perspectives, beneficial for startups targeting international markets. Pro-Business Environment The country's business-friendly policies, transparent regulatory framework, and competitive corporate tax rates create a conducive environment for startups. Streamlined processes for company incorporation and specific incentives for tech-driven startups further enhance the appeal. Quality of Life Luxembourg offers an exceptional quality of life, known for its safety, excellent healthcare system, and rich cultural scene. This aspect helps startups attract and retain top talent by offering both career opportunities and a desirable lifestyle. With its strategic advantages and supportive ecosystem, Luxembourg provides startups with the ideal foundation to grow, scale, and succeed in the global market. travelandtourworld.com/news/article/why-luxembourg-is-the-top-destination-for-startups-in-2024 --- SignUp to Luxembourg Expats - join 100k+ expats network free luxembourgexpats.lu

Allfunds, a leading financial services company, has announced the launch of a new white-label funds platform through its management company (ManCo) in Luxembourg. This innovative platform aims to provide comprehensive solutions for fund managers, offering services for traditional mutual funds and ETFs in both Luxembourg and Ireland. Key aspects of the new platform: 1. Allfunds Investment Solutions will act as the management company 2. The platform will support fund managers in launching new funds 3. It connects fund managers' ideas with Allfunds' distribution capabilities 4. Designed to provide an efficient route to market for asset managers In conjunction with this launch, Allfunds has made several changes to its ManCo management team: 1. Thérèse Collins joins as Managing Director of the ManCo in Luxembourg 2. Stéphane Corsaletti becomes Non-Executive Chairman of Allfunds Investment Solutions This strategic move reinforces Allfunds' commitment to providing market-leading client service and expanding its technical solutions for asset managers globally. The new platform is expected to have a positive impact on clients' activities and strengthen Allfunds' relationships in the industry. fundssociety.com/en/news/business/allfunds-will-launch-a-white-label-funds-platform-through-its-manco-in-luxembourg ---- Join Luxembourg Expats online - signup free luxembourgexpats.lu

Belgian supermarket chain Delhaize has strengthened its position in Luxembourg by acquiring Alima, a local family-owned business with two convenience stores in Luxembourg City. This strategic move allows Delhaize to claim the title of market leader in the Grand Duchy's capital. Key points of the acquisition: 1. Alima's two supermarkets are located in the city center 2. All 37 Alima employees will join Delhaize 3. The acquired stores will be rebranded as Delhaize within three months 4. Thorough renovations of both stores are planned for 2026 With this acquisition, Delhaize now operates 62 stores in the Luxembourg City area, solidifying its market leadership in the capital. This expansion demonstrates Delhaize's commitment to growing its presence in the Luxembourg market and enhancing its competitive position in the region's retail sector. The acquisition of Alima by Delhaize represents a significant development in Luxembourg's retail landscape, potentially impacting local shopping options and competition among supermarket chains in the city. --- Join Luxembourg Expats - signup free on luxembourgexpats.lu

Luxembourg has taken a significant step forward in the realm of digital finance by adopting Blockchain Law 4. This new legislation expands the country's legal framework to support digital securities and tokenization, positioning Luxembourg as a leader in blockchain innovation within the European Union. Key aspects of Blockchain Law 4 include: 1. Introduction of monitoring agents for securities issuance using distributed ledger technology (DLT) 2. Streamlining of securities issuance processes through DLT 3. Provision of a flexible alternative to traditional holding models The law aims to increase efficiency and flexibility for issuers while maintaining legal certainty and transparency for investors. It builds upon the foundation set by the previous three Blockchain Laws implemented between 2019 and 2023. Recent projects showcasing Luxembourg's leadership in this area include: - The European Investment Bank's launch of a digital bond on HSBC's Luxembourg-based Orion platform - Franklin Templeton's introduction of a tokenized money market fund in the country These developments highlight the practical applications of the new legal framework and demonstrate Luxembourg's commitment to remaining at the forefront of financial technology innovation. By adopting Blockchain Law 4, Luxembourg strengthens its position as a key player in the evolving financial landscape, paving the way for further advancements in tokenization and the use of DLT in the financial sector. luxembourg-advances-digital-securities-with-blockchain-law-4 cointrust.com/market-news/luxembourg-advances-digital-securities-with-blockchain-law-4 --- Join Luxembourg Expats community reaching 100k+ expats - signup free luxembourgexpats.lu

On July 17, 2024, Luxembourg's Ministry of Finance unveiled a comprehensive tax reform package titled "Recovery package. Solidarity. Future. For everyone." This initiative aims to strengthen household purchasing power and enhance the competitiveness of businesses in the face of ongoing economic challenges. The reform includes 16 measures designed to combat poverty and stimulate growth, reflecting the government's commitment to improving the financial well-being of its citizens. One of the key features of the tax reform is the adjustment of the personal income tax scale to account for inflation. The government plans to add 2.5 additional index brackets, effectively neutralizing 6.5 index brackets in the tax rate. This adjustment will significantly reduce the tax burden on households, particularly benefiting low-income families. For instance, a family with two children in tax class 2 earning €75,000 annually will see their taxes reduced by 14.7% in 2025 compared to 2023. Similarly, a single individual earning €50,000 will experience a 15.1% decrease in their tax obligations. In a move to attract skilled professionals, the reform introduces a more favorable expatriate tax system. Under this new system, expatriates will enjoy a 50% exemption on gross annual remuneration, capped at €400,000. This initiative aims to enhance Luxembourg's appeal as a destination for talent. Additionally, young employees under 30 who secure their first permanent employment contract will benefit from a tax-exempt bonus ranging from €2,500 to €5,000, further incentivizing youth employment. Corporate taxes will also see significant reductions. The corporate income tax rate for companies with taxable income exceeding €200,000 will decrease from 17% to 16%, while small businesses with income up to €175,000 will see their rate drop from 15% to 14%. These changes are designed to support small enterprises and enhance overall competitiveness in the market. Moreover, the reform promotes diversification in the financial sector by exempting actively managed Exchange-Traded Funds (ETFs) from subscription tax starting in 2025. This move is expected to encourage investment and growth within the financial services industry. The tax reform package also simplifies the Minimum Net Wealth Tax (NWT) assessment, significantly reducing the administrative burden on companies. The NWT calculation will now be based solely on a company's total balance sheet amount, lowering the maximum NWT from €32,100 to €4,815. Additionally, the government will implement mandatory electronic filing for withholding tax returns on directors' fees and wages, modernizing the tax administration process. While the comprehensive tax reform is projected to reduce state revenues by approximately €500 million, the government believes that these measures will stimulate economic growth and foster social cohesion. By addressing the financial challenges faced by households and businesses, Luxembourg aims to create a more resilient and equitable economy for all its residents.

During his State of the Nation address on June 11, 2024, Luxembourg's Prime Minister Luc Frieden outlined a series of new tax initiatives aimed at enhancing the country's competitiveness. These measures are as follows: For Corporations To encourage continued investment, growth, and job creation by companies, the government plans to: - Lower the corporate income tax rate from 17% to 16% starting January 1, 2025. - Reduce the subscription tax for actively managed Exchange Traded Funds (ETFs) beginning with the 2025 tax year. - Enhance the tax framework for start-ups in the near future. For Individuals To promote equality and attract talent to Luxembourg, the government intends to: - Provide tax relief for single-parent families from January 1, 2025. - Adjust personal income tax brackets to boost purchasing power starting this year. - Improve the participative premium and impatriate regime from the 2025 tax year. Real Estate The Prime Minister also introduced a 10-point action plan to simplify, expedite, and modernize building procedures in Luxembourg, aiming to increase the number of housing units. This includes: - Maintaining the mobilization tax. - Reducing the taxation of capital gains from existing residential units for the current year. These new tax policies are designed to make Luxembourg more attractive and to support the struggling real estate sector.

Luxembourg, renowned for its economic stability and vibrant business environment, has increasingly become a magnet for expat entrepreneurs looking to establish their ventures in Europe. With its strategic location, favorable tax policies, and robust support infrastructure, the Grand Duchy offers a promising landscape for those daring to embark on entrepreneurial journeys. This article explores the essentials and nuances of starting a business in Luxembourg as an expatriate. The Business Landscape in Luxembourg: Luxembourg stands out as a financial hub within the European Union, boasting a diverse economy driven by sectors such as finance, technology, and logistics. The country's stable political climate, multilingual workforce, and strong legal framework make it an attractive destination for startups and established businesses alike. Legal Requirements and Regulations: Expatriate entrepreneurs keen on launching a business in Luxembourg must navigate the legal and bureaucratic landscape. The process typically involves registering the business with the Trade and Companies Register (RCS), adhering to specific legal structures such as SARL (Société à Responsabilité Limitée) or SA (Société Anonyme), and fulfilling tax obligations. Engaging legal and financial advisors familiar with Luxembourg's regulations can streamline this process and ensure compliance. Tax Considerations: Luxembourg's tax regime offers several advantages for entrepreneurs, including favorable corporate tax rates, tax incentives for certain industries, and a network of double taxation treaties. Expats should carefully evaluate their tax obligations, taking into account factors such as residency status, business structure, and international tax agreements to optimize their fiscal strategy. Access to Funding and Support Services: Entrepreneurial ventures often require financial backing to fuel growth and innovation. Luxembourg provides access to a range of funding sources, including venture capital firms, angel investors, and government grants. Additionally, organizations such as the Luxembourg Chamber of Commerce and Luxembourg Trade & Investment Office offer support services, networking opportunities, and guidance for startups navigating the local ecosystem. Navigating Cultural and Linguistic Dynamics: While Luxembourg's multicultural environment fosters diversity and openness, expat entrepreneurs may encounter linguistic and cultural differences that require adaptation. Proficiency in French, German, or Luxembourgish can enhance communication and facilitate business interactions, though English remains widely spoken, especially in the business community. Building relationships and understanding local customs are integral to navigating the nuances of conducting business in Luxembourg. For expat entrepreneurs seeking to establish their foothold in Europe, Luxembourg emerges as a compelling destination offering a blend of economic opportunity, regulatory stability, and cultural diversity. While navigating the intricacies of starting a business in a new environment may pose challenges, leveraging the support infrastructure, favorable tax policies, and entrepreneurial spirit of Luxembourg can pave the way for success in the dynamic European marketplace.

Luxembourg Expats celebrates expats in Luxembourg. We regularly interview expats from different backgrounds and persuasion and call Luxembourg home. In our interview series, called Featured Story Series, now we have had an interesting discussion with Norbert Palfalvi, founder of Custowner Mobility. Custowner Mobility is building a better mobility system that accelerates to move away from car ownership and supports the transition to people-centric cities. Without further ado, let's get straight into the discussion. Let's have a quick introduction about yourself. Where are you from and what do you do? Hello, my name is Norbert, and I hail from a background rich in mechanical design engineering within the automotive industry, a journey that began in 2004. Twelve years ago, my family and I embarked on a new chapter by moving to Luxembourg, a decision that has significantly shaped my professional and personal life. Initially, I delved into the workforce as an employee, but as my experience and aspirations grew, I transitioned into freelancing. This evolution of my career eventually led me to establish my own company, laying the foundation for what is now a thriving mobility business. My venture into entrepreneurship is driven by a passion for innovation and sustainability in transportation, aiming to redefine mobility for the future. What's your entrepreneurial journey? How did you get started with Custowner Mobility? My entrepreneurial journey with Custowner Mobility has been deeply influenced by my extensive travels across Europe, where conversations with locals vividly highlighted the pressing issue of climate change. These encounters were eye-opening, driving home the realization that we are all part of the problem. However, with this acknowledgment comes the responsibility to mitigate our impact on the environment. Observing the daily traffic congestion in Luxembourg further solidified my belief in the necessity for a transformative solution. The genesis of Custowner Mobility stemmed from a personal desire for a more sustainable and efficient mode of transportation. The realization struck that owning a car was no longer appealing; what I sought was a service that could offer the flexibility of leasing or renting small electric vehicles for daily commutes, coupled with the option to rent minibuses for family vacations. This idea wasn't just about offering an alternative to car ownership but about revolutionizing our approach to mobility. With this vision, Custowner Mobility was born, aiming to introduce a shared mobility service that not only addresses the environmental concerns but also caters to the practical mobility needs of the community. Our initiative seeks to inspire a shift towards sustainable living, encouraging people to reconsider their transportation choices for a greener future. What do you offer with Custowner Mobility and what's innovative and fresh about it? "Custowner" is a blend of the words "customer" and "owner," referring to a business model where the customers of a company also have an ownership stake or influence in the company's operations. At Custowner Mobility, we redefine the concept of mobility by merging the essence of being both a customer and an owner into one innovative platform. Our unique business model empowers users not just to avail themselves of shared mobility services but to also take part in the governance and financial aspects of the mobility ecosystem. We offer an array of shared mobility services, providing a sustainable alternative to private vehicle ownership. This includes access to e-bikes, small electric vehicles (EVs), and minibuses, all aimed at making urban and rural transportation more accessible and environmentally friendly. What sets Custowner Mobility apart is our pioneering tokenization solution. This platform offers an unprecedented opportunity for individuals and communities to invest in local shared mobility fleets. By investing, users gain not just a financial stake but also voting rights, enabling them to actively participate in shaping the mobility solutions that define their cities. Our approach is designed to make cities more livable by fostering a sense of community ownership and responsibility. It's about creating a sustainable future where transportation is shared, efficient, and tailored to the needs of the community. With Custowner Mobility, we're not just offering a service; we're inviting everyone to be a part of the mobility revolution. What are you most proud of personally and about Custowner? We should have an alternative mobility solution to move away from the individual car ownership. Shared mobility cooperation is already exists in many country, based on their success we are settling the first mobility coop in Luxembourg. On a personal level, what fills me with immense pride is the relentless pursuit and acquisition of knowledge, especially during the challenging times of the COVID-19 pandemic. I immersed myself in numerous online courses covering critical topics like cycling infrastructures, sustainable cities, urban mobility, and climate change. This period of learning not only enriched my understanding but also significantly contributed to the foundational principles of Custowner. It empowered me to push boundaries and lay the groundwork for a cooperative that champions shared mobility. As for Custowner, our pride stems from pioneering the first mobility cooperative in Luxembourg, inspired by the successes of shared mobility initiatives across the globe. We are not just introducing an alternative to individual car ownership; we are cultivating a community-centric model that actively involves citizens as stakeholders and participants. This collaborative approach, underpinned by partnerships and stakeholder agreements, is what I believe will drive our success. Our mission at Custowner is to offer a sustainable mobility solution that resonates with the needs and aspirations of the community. It's about creating a movement towards a greener, more connected, and less congested urban environment. The pride I feel for what we have started and the potential of what we can achieve together is immeasurable. What are your hobbies and interests? I really like to hiking, and travel, especially to the mountains and to the seaside. I prefer to stay in the nature… we spent many our family vacations in camping, where we hear the singing birds at early morning… What's your favourite spot in Luxembourg? I like to cycle through the rural areas – you will see a real different side of the country. I empower everybody to take their bike with a train to Diekirch and ride to Gravenmacher at the side of the Sure. You can ride together with your family, and spend nice time within local restaurants as well. What's your top 3-recommendations for a new comer in Luxembourg? 1 spend your time in the nature, 2 learn and practice languages, this is the perfect place to improve your language skills. 3 Travel a lot, within Luxembourg, the region or abroad… you will remember forever those events… What's your favourite quote? “If you really want to do something, you will find the way. Otherwise, you will find the excuse" - Jim Rohn What would you say would be the recommendations of people who want to start their own business today? For those embarking on the journey of starting their own business today, I'd share insights drawn from both my professional experiences and my commitment to sustainability. Firstly, recognize the profound responsibility we carry as the stewards of our planet. Our innovations and enterprises should not only seek profit but also contribute positively to the world. We are indeed the most intelligent species, yet our actions have often led to the detriment of the Earth. As entrepreneurs, we have the unique opportunity to drive change, to create businesses that preserve and enhance our environment for future generations. Building a strong network is crucial. Engage with your community, connect with local businesses, and immerse yourself in learning from every possible source. Understand the needs and aspirations of the people your business will serve. The insights gathered from these interactions are invaluable, guiding you to tailor your offerings in ways that truly resonate with your audience. Remember, entrepreneurship is not just about identifying gaps in the market; it's about understanding the impact of filling those gaps. Strive to be a part of the solution, leveraging your business as a platform for positive change. As you navigate the complexities of starting and growing your business, let your mission be guided by a vision of a better world, sustained by your actions and innovations. Like to get in touch with Norbert? luxembourgexpats.lu/local-business/cars-motors-and-bicycles/1100001440 mobility@custowner.com

Are you a newcomer to Luxembourg? Or you may have stayed for many years and never filed for tax. Wondering when to file and when you're not required to file? Here we have some quick answers. First, the timing: Tax filing is for one full year. 1 Jan to 31 December. You've a maximum of one year to file your taxes. i.e. 2023 taxes can be filed before 31 December 2024. Second, is tax filing mandatory? It depends So, let's first differentiate between two tax payers that are common in Luxembourg. Those employees of the European institutions and those that are employed in Luxembourg tax regime. First question you need to ask yourself is, is my salary only income or do I've other income. e.g. Income from rent, stock sale, real estate sale etc. If salary is the only income, then no tax filing required as your taxes are deducted at source. But, you may still want to file the tax if you expect to deduct somethings and ask for refund. We are leaving out the deductibles, typically an accountant can help. So, now if salary is not the only income, and you have additional income, you need to complete the personal income tax filing. And, your Luxembourg salary is typically adjusted to inflation, as announced by the Luxembourg ministry. However, there is one group of employees who are exempt from Luxembourg salary and inflation adjustments. Those are the European Institution employees. European Institution employees: European institution employees are not subject to Luxembourg tax regime for income tax. They pay only European tax and are not subject to typical Luxembourg inflation increase etc. However, if the European institution employees have additional income outside their salaries, then they are requiired to file taxes. One tip, if you're making investments (stock, real estate), hold it longer than 6 months for receiving 0% capital gain tax. --- Are you looking for an accountant who can ease your filing burden? Contact ACAR accounting luxembourgexpats.lu/local-business/accounting-and-tax/1100001335

Luxembourg imposes net wealth tax (NWT) on Luxembourg companies based on their unitary value, i.e. the adjusted net asset value as determined, in principle, as at 1 January of each year, at the rate of 0.5% lexology.com/library/detail.aspx?g=c917f2f6-4be3-4221-844d-7bec60ce43fd Luxembourg (Ire) (Camelot {GB}) and Highfield Princess (Fr) (Night of Thunder {Ire}) are among 16 elite-level winners and 25 overseas-based horses that have been extended invitations to the Longines Hong Kong International Races meeting at Sha Tin Racecourse Sunday, Dec. 9. Luxembourg, Highfield Princess Among 16 Group 1 Winners Invited to Longines HKIR (thoroughbreddailynews.com) Fall foliage surrounds the sandstone formations of the Gorge du Loup in Echternach, Luxembourg. The natural wonder is right on the doorstep of Echternach, which was founded in 698 and is Luxembourg's oldest town. Spa and Echternach: Deluxe walking, gawking in Belgium and Luxembourg | Stars and Stripes The broadcaster has reported that the selection process has transitioned towards the audition phase, selecting 70 songs from 50 artists from a pool of almost 500 songs. eurovoix.com/2023/11/22/luxembourg-updates-on-selection-process-for-eurovision-2024 Doris Woltz's resignation as director of the Service de Renseignement de l'État (SRE) was formally accepted on 16 November, according to the country's legal gazette.She was leaving her post after seven years due to her "personal intent to retire from public service", according to an SRE spokeswoman. euobserver.com/world/157727 The CTC and associated Luxembourg Protocol (together, the “Convention”) aims to provide a consistent and stable legal framework for rolling stock secured creditors and lessors internationally.   wfw.com/articles/the-luxembourg-protocol-what-do-you-need-to-know? The Ministry for Digitalisation and the CTIE will participate in testing the national digital wallet against variables like speed and efficiency when verifying and onboarding a citizen to access government services.   identityweek.net/luxemburg-endeavours-to-test-four-digital-wallet-use-cases-for-european-openness?

Luc Frieden will be the new Prime Minister. Former PM, Bettel, would return as Foreign Minister in the new Luxembourg government. politico.eu/article/luxembourgs-bettel-return-foreign-minister-new-government The strong delegation of Luxembourg companies shall be spearheaded by the Ambassador of Luxembourg to India, Her Excellency, Peggy Frantzen, and other delegate members from the country. indianexpress.com/article/cities/kolkata/bengal-global-business-summit-partner-country-luxembourg-to-focus-on-energy-and-manufacturing-9034080 Domestic employment in Luxembourg nearly doubled from 264,000 on average in 2000 to a 502,600 in 2022, data published by statistics agency Statec on Friday shows.In Luxembourg, more than 40%, or 214,000 workers, commuted across the border, data from the report showed. luxtimes.lu/luxembourg/luxembourg-workforce-nearly-doubled-in-last-two-decades/4814600.html Luxembourg has earned the top spot in their 2023 “European Life-Work Balance Index”. Luxembourg received an index score of 85.26 out of 100, followed by Spain (78.63) and France (77.19).    researchluxembourg.org/en/luxembourg-ranks-first-in-europe-for-its-work-life-balance Estonia and Luxembourg have taken steps to establish secure digital ID wallets that will digitize public services and meet the new European digital identity regulation. biometricupdate.com/202311/european-digital-id-wallets-piloted-in-estonia-and-luxembourg? The specialists already have a clear use for geothermal heat in mind – geothermal heating can be supplied to the new building districts of Nei Schmelz in Dudelange and Metze Schmelz in Schifflange. Seismic survey to commence for Luxembourg geothermal exploration (thinkgeoenergy.com) The #Vietnamesecommunity in #Luxembourg has shown their belief in the prospect of the relations between the two countries, hoping that cooperation will be expanded from the economic and financial areas to cultural exchange. Overseas Vietnamese in Luxembourg believe in prospects of bilateral relations | Society | Vietnam+ (VietnamPlus) In his time at the helm of Luxembourg’s foreign ministry, Asselborn has seen dozens of EU leaders and ministers come and go. Luxembourg — a tiny multilingual country where German and French are commonly spoken — has often served as a mediator between the EU big beasts Berlin and Paris. Veteran Luxembourg foreign minister quits stage after two decades – EURACTIV.com

Luxembourg legalised medical cannabis in February 2019 and has regularly faced shortages ever since.   businessofcannabis.com/is-luxembourg-heading-for-a-medical-cannabis-shortage Anett Kontaveit has won the Luxembourg Ladies Tennish Masters final in two sets, overcoming former top German player Andrea Petkovic 7:5, 6.2 on Sunday Anett Kontaveit wins Luxembourg Ladies Tennis Masters | News | ERR Luxembourg has invested EUR 5.9 million (USD 6.36 million) in flexible and thematic funding to UNDP for 2023.   undp.org/news/luxembourg-invests-undp-tackle-poverty-inequalities-and-overlapping-global-crises More than 400 animals, mainly cats and dogs, have been rescued from a trafficking network in Spain. bbc.com/news/world-europe-67151237 Need help with your social media management? Flywheel Social Media Marketing Services  can do it for you. luxembourgexpats.lu/local-business/business-to-business/1100001019 It all started with a mouse. Or, more precisely, a house.   bbc.co.uk/news/extra/NUgROc189X/disney-100-years Austria, Luxembourg, and Croatia voted against the proposed extension. EU countries fail to agree on 10-year extension for glyphosate use | Euronews

Take the First Step Towards the Future with Solar Energy! Did you know you can lower your electricity bills while also helping the environment? With our solar panel installation services, it's now possible. Get ready for a revolution in energy supply and join the hundreds of satisfied customers who have already benefited from our services. Why Invest in Solar Energy? Savings on Bills: Solar panels allow for significant reductions in electricity costs. With them, you can produce your own energy, which means lower electricity bills. Environmental Protection: By harnessing solar energy, you reduce carbon dioxide emissions and contribute to the fight against climate change. It's an investment in the future of our planet. Energy Independence: With a solar panel installation, you become less reliant on traditional energy suppliers. We guarantee you a consistent supply of electricity, regardless of market conditions. Property Value: Adding solar panels to your home increases its market value. It's an investment that pays off not only now but also in the long run. Our Services Our company specializes in solar panel installations. Our experienced professionals will assist you at every stage of the process, from project planning and selecting the best system to panel installation and regular maintenance. We ensure that your installation is tailored to your needs and expectations. Why Choose Us? Experience and Professionalism: Our company has years of experience in the solar industry, ensuring top-quality service. Cutting-Edge Technology: We stay updated with the latest advancements in solar technology and implement the most current solutions. Competitive Prices: We offer attractive pricing and various financing options to make solar energy accessible to everyone. Customer Support: Our team provides expert advice and assistance at every project stage. Invest in the future and join the ranks of hundreds of satisfied customers who have already embraced solar energy with our installation services.  Contact us today to learn more and receive a free cost estimate tailored to your needs. With us, solar energy becomes accessible to all!  Solar - Expert  solar-expert.lu 

August 2023 published - procedure may vary from time-to-time Luxembourg is an attractive country for working in Europe. The country has high availability of professionals jobs, particularly in finance, legal and IT roles. c. 48% of the entire residents in Luxembourg are non-Luxembourgers. This is well-recognised and the country is welcoming to its expats population. We here outline the general procedure for securing Luxembourg work-permit for third-country nationals (non-EU nationals). Luxembourg has good resources published to this extent. However, the resources can be overwheling and we therefore aim this to be a good starting point with relevant references. Note that this is a general procedure and might change or be different depending on your individual situation. The general procedure for non-EU nationals: 1. Get a temporary authorisation (before entering the country) - procedure for temp authorisation guichet.public.lu/en/organismes/organismes_citoyens/ministere-affaires-etrangeres/direction-immigration-service-etrangers.html 2. Get a long-term visa (type D) (before entering the country) - apply for an entry visa guichet.public.lu/en/citoyens/immigration/plus-3-mois/ressortissant-tiers/demarches-communes/entree-visa.html - This step can be skipped IF "If the non-EU national has a residence permit as a family member of an EU citizen or a valid residence permit issued by another EU Member State, a visa is not required."  source: guichet.public.lu/en/citoyens/immigration/plus-3-mois/ressortissant-tiers/demarches-communes/entree-visa.html 3. Arrive in Luxembourg 4. Register in the local commune (after entering the country) - Declaration of arrival: guichet.public.lu/en/citoyens/immigration/nouveau-resident-luxembourg/arrivee-luxembourg/depart-arrivee-commune.html - You need a rental agreement or an electricity bill to do this. Hotel and Airbnb stays are not accepted. 5. Undergo a medical check (after entering the country) - guichet.public.lu/en/citoyens/immigration/plus-3-mois/ressortissant-tiers/demarches-communes/controle-medical.html 6. Apply for residence permit within 3 months of arrival to Luxembourg (after entering the country) - At this point you should have done the medical check, registered in the local commune before applying for the residence permit. - Apply within 3 months of arrival in Luxembourg - Register to MyGuichet (Luxembourg government portal) myguichet.lu - Apply online using MyGuichet guichet.public.lu/en/entreprises/ressources-humaines/recrutement/ressortissant-pays-tiers/salarie.html The above must serve as a good starting point. Don't forge to adapt to your individual situations. For housing or other types of insurance, you can contact expat friendly insurance agents here: luxembourgexpats.lu/local-business?search=insurance ---- Luxembourg Expats is founded by expats, for expats with a mission to make life easier in Luxembourg. Register for Free and meet fellow expats with our mobile apps: Download iOS: apps.apple.com/gb/app/luxembourg-expats/id6450868822 Download Android: play.google.com/store/apps/details?id=com.luxexpats.luxexpatsmobile

On July 20, 2023, the Luxembourg Parliament passed a law called the Reform, which modifies the right of establishment in Luxembourg. The Reform aims to update the Business License Law from September 2, 2011, which governs access to various professions, to align with changes in regulations, economics, technology, and entrepreneurship. Key Changes and Points: 1.     Purpose of the Reform: The Reform seeks to adapt the Business License Law to changing environments and encourage entrepreneurship. 2.     Effective Date: The Reform becomes effective on the fourth day after its publication in the official gazette. A two-year transitional period starting from September 1, 2023, is granted for businesses to comply with new provisions. 3.     New Cumulative Conditions for Business License Holders: Business license holders must meet new cumulative conditions, including professional qualification, good repute, effective and permanent management (with physical presence), and no history of evading social security and tax obligations. 4.     Real Link with Company: Business license holders no longer need to be a partner, shareholder, or employee of the company. Instead, they must have a real and effective link with the company, demonstrated by ownership or registration as the company's representative. 5.     Disqualifying Criteria for Professional Integrity: The Reform adds new criteria for assessing professional integrity, including compliance with filing obligations, registration requirements, and tax returns. 6.     Conditions for Changing Business License Holder: Certain conditions must be met for a new business license to be issued when changing the business license holder, including no excessive social security and tax debts, up-to-date tax declarations, and compliance with filing obligations. 7.     Notification of Events: Certain events, like changes in the business license holder's residence or the creation of a branch, must be notified to the minister responsible for business licenses. 8.     Facilitating Business Transfers: The Reform introduces provisions for the provisional transfer of a business license to an employee in case of death, disability, or retirement of the company's manager in certain craft activities. 9.     New Chance for Entrepreneurs: Entrepreneurs who faced bankruptcy may have a chance to obtain a new business license under certain conditions, including proof of bankruptcy reasons and payment agreements with public creditors. 10. Supervision of Activities: Specific licenses will be required for renting shared offices/workspaces and certain short-term rental activities. Real estate business providers will need training. Consumer protection is enhanced through digitalization and display of business license information. 11. Issuance of Business License: Business licenses will be issued based on requests and administrative instructions demonstrating compliance with the Business License Law. A two-dimensional barcode will provide access to license information. In summary, the Reform introduces changes to the Business License Law in Luxembourg to adapt to evolving business environments, enhance professional integrity, and encourage entrepreneurship while ensuring consumer protection. More info: globalcompliancenews.com/2023/08/04/https-insightplus-bakermckenzie-com-bm-mergers-acquisitions_5-luxembourg-reform-of-the-right-of-establishment_08012023

Once upon a time in the enchanting land of Luxembourg, a small but mighty country nestled in the heart of Europe, a remarkable transformation was taking place in the realm of real estate. Luxembourg, known for its picturesque landscapes, rich cultural heritage, and thriving economy, was experiencing a surge in demand for luxurious properties. In this vibrant setting, a key player emerged, captivating the hearts and minds of those seeking exquisite homes - Sotheby's International Realty. As the premier global real estate brand, Sotheby's International Realty entered the Luxembourg market with a flourish, bringing with it a legacy of excellence and a commitment to delivering extraordinary service. With its unwavering dedication to showcasing unique and exclusive properties, Sotheby's International Realty became an integral part of the Luxembourg real estate landscape, setting new benchmarks of elegance and sophistication. Luxembourg, known for its multicultural flair and thriving financial sector, attracted a diverse clientele, ranging from affluent locals to international investors. Sotheby's International Realty's unparalleled expertise and global network allowed them to connect buyers and sellers from around the world, ensuring seamless transactions and exceptional experiences. Their deep understanding of the local market dynamics and their ability to curate an exceptional portfolio of properties made them the go-to destination for luxury real estate in Luxembourg. The Sotheby's International Realty website for Luxembourg, https://www.sothebysrealty.lu/, quickly became the virtual gateway to the most prestigious homes in the country. With its sleek design and user-friendly interface, the website offered a seamless browsing experience, allowing prospective buyers to explore a stunning array of properties. From grand castles steeped in history to contemporary penthouses boasting breathtaking views, every listing showcased the unique charm and opulence that Luxembourg had to offer. Sotheby's International Realty's dedication to exceptional customer service went beyond the digital realm. Their team of experienced real estate professionals in Luxembourg ensured that every client received personalized attention and guidance throughout their real estate journey. Whether it was finding the perfect home or negotiating the best deal, Sotheby's International Realty's agents were renowned for their professionalism and integrity. As time went on, Sotheby's International Realty continued to play a pivotal role in the Luxembourg real estate market, setting new records, and connecting discerning buyers with extraordinary properties. Their unwavering commitment to excellence and their ability to capture the essence of luxury living made them an indispensable force in the realm of real estate in Luxembourg, forever leaving an indelible mark on the country's landscape.

Our ambition is to build a community that can share and help each other manage personal finances effectively. We also aim to bring-in experts who can share tips, suggestions and interesting information about managing personal investments. Managing personal finances is essential for financial stability and security, regardless of where you live. Here are some ideas on how to manage personal finances for Luxembourg residents: Create a budget: The first step in managing personal finances is to create a budget. This will help you track your income and expenses and identify areas where you can cut back on spending. Save for emergencies: It is important to have an emergency fund to cover unexpected expenses, such as medical bills or car repairs. Aim to save at least three to six months' worth of living expenses. Pay off debts: If you have any outstanding debts, such as credit card balances or loans, prioritize paying them off. This will help you save money on interest charges and improve your credit score. Invest for the future: Consider investing in a retirement account, such as a 401(k) or individual retirement account (IRA). Luxembourg offers several tax-efficient retirement savings options, such as the Pension Savings Plan (PSP) and the Pension Savings Contract (PSC). Get insurance: Make sure you have adequate insurance coverage for your home, car, and health. This will help protect you financially in case of an unexpected event. Seek professional advice: If you are unsure about how to manage your personal finances or need help with financial planning, consider seeking the advice of a financial advisor or planner. They can provide personalized guidance and help you create a financial plan tailored to your needs. Managing personal finances for Luxembourg residents involves creating a budget, saving for emergencies, paying off debts, investing for the future, getting insurance, and seeking professional advice. By taking these steps, you can achieve financial stability and security for yourself and your family. Luxembourg is a popular location for managing personal investments because of its favorable tax regime, political stability, and well-developed financial industry. Here are some key points on why and how people can manage personal investments in Luxembourg: Tax benefits: Luxembourg offers tax benefits for investors, including no withholding tax on dividends, interest, and royalties paid to non-residents, and no capital gains tax on the sale of shares. Political stability: Luxembourg has a stable government and is a member of the European Union, which provides investors with confidence in the country's legal and regulatory environment. Well-developed financial industry: Luxembourg is a hub for the financial industry, with a wide range of financial institutions and professionals offering services to investors. To manage personal investments in Luxembourg, individuals can take the following steps: Open a bank account: The first step in managing personal investments in Luxembourg is to open a bank account. This can be done by visiting a bank branch in Luxembourg or by setting up an account remotely. Choose an investment vehicle: Luxembourg offers a range of investment vehicles, including mutual funds, exchange-traded funds (ETFs), and investment trusts. Investors should consider their investment goals and risk tolerance when choosing an investment vehicle. Seek professional advice: It is recommended that investors seek the advice of a financial advisor or investment professional when managing personal investments in Luxembourg. This can help investors make informed decisions and navigate the complex regulatory environment. Monitor investments: Once investments are made, it is important to monitor them regularly to ensure that they are performing as expected and to make adjustments if necessary. Managing personal investments in Luxembourg can provide tax benefits, political stability, and access to a well-developed financial industry. To do so, individuals should open a bank account, choose an investment vehicle, seek professional advice, and monitor investments regularly. Join our Finance community and share information and learn from others facebook.com/groups/financeinluxembourg

The Job market in Luxembourg: Luxembourg is a small, landlocked country in Western Europe, known for its strong economy and high standard of living. The job market in Luxembourg is diverse and offers opportunities in a variety of industries. Some of the most significant industries in Luxembourg include finance, information technology, and logistics. The financial sector is one of the largest employers in Luxembourg, with many multinational banks and financial institutions having a presence in the country. The country is also home to the European Investment Bank (EIB), which is a major source of employment for professionals in the finance industry. The information technology sector in Luxembourg is also growing rapidly, with many companies choosing to establish their headquarters in the country due to its favorable tax policies and central location in Europe. The government has also made significant investments in digital infrastructure, making it an attractive location for technology companies. In addition to finance and technology, Luxembourg is also a hub for logistics and transportation. With its central location in Europe, the country is an important transportation hub for goods and services moving across the continent. Overall, the job market in Luxembourg is highly competitive, but also offers many opportunities for skilled professionals across various industries. With its strong economy, high standard of living, and favorable tax policies, it remains an attractive location for international workers looking to advance their careers. Getting a job in Luxembourg involves some steps, including: Research: Start by researching the job market in Luxembourg. Look for job openings in your field, as well as the qualifications required for those positions. Network: Networking is crucial in Luxembourg. Attend job fairs, conferences, and other events where you can meet people in your field. Join professional organizations and attend their meetings. Update your CV: Your CV should be tailored to the Luxembourg job market. Make sure it includes your work experience, education, skills, and any relevant certifications. Apply for jobs: Once you have identified job openings that match your skills and experience, send in your application. You can apply online through job portals, or directly to the company. Interview: If your application is successful, you will be invited for an interview. Research the company and prepare for the interview by practicing your answers to common questions. Work permit: If you are a non-EU citizen, you will need a work permit to work in Luxembourg. Your employer will assist you with this process. Relocation: If you are not already living in Luxembourg, you will need to relocate. Look for accommodation and research the cost of living. Start your job: Once you have secured your job and obtained your work permit, you can start your new job in Luxembourg. Remember, the job market in Luxembourg is competitive, so it may take some time to find the right job. Stay persistent and keep applying until you find a suitable job. Websites to apply for jobs: There are several websites that you can use to apply for jobs in Luxembourg. Some of the popular job search websites include: Luxembourg Reqest/Offer: For every day jobs such as babysitting, pet sitting, deliveries, electricians etc. you can post and request/offer in Luxembourg Expats luxembourgexpats.lu/request-offer  Jobs.lu: This is a job search website that features a wide range of job openings in various industries, including finance, IT, and engineering. Monster.lu: Monster.lu is another popular job search website in Luxembourg that features job openings in various industries. LinkedIn: LinkedIn is a professional network that also features job openings in Luxembourg. You can search for jobs by keyword, location, and company. Indeed.lu: Indeed.lu is a job search engine that aggregates job openings from various sources, including company websites and job boards. Michael Page Luxembourg: Michael Page is a recruitment agency that focuses on executive and management-level positions in various industries, including finance, IT, and engineering. EURES: EURES is a job portal run by the European Union that features job openings in Luxembourg and other EU countries. These are just a few examples of job search websites that you can use to apply for jobs in Luxembourg. Remember to tailor your application to the job you are applying for and follow up with employers to ensure they received your application. Luxemboug Expats Jobs community: Luxembourg Expats is creating a jobs community for the community seeking and offering every day jobs to office jobs. Join our community facebook.com/groups/luxembourgjobsnow Luxembourg Expats, Expats, Luxembourg, Jobs

We had our first television for nearly 18 years. Our first TV traveled along with us in our relocations to 3 cities and 4 houses in those 18 years. Then came the HD TV that we ought to replace for better convenience and quality. And then we moved, our HD TV did not travel with us. Why? Because it was an international travel. Could we have taken the HD TV with us, yes but did not make economic sense. However, the HD TV was in perfect condition and someone could use it perfectly well. We later sold it for almost 30% of our purchase price. The buyer had a great deal. A perfectly working HD TV at 30% of its original cost and perfectly working. We saved throwing it away. This or similar situation tends to be the case for a lot of items we own and is no longer relevant in our lives but perfectly okay in others lives. We started the Buy,Sell, Rent to enable these transactions to happen by connecting buyers, sellers and renters. There are tons of benefits in buying, selling and renting things: Buying, selling, and renting used items is an excellent way also to promote sustainability. The manufacturing of new products requires a significant amount of energy, natural resources, and generates greenhouse gas emissions, contributing to environmental degradation. By using and reusing already-existing products, we reduce the demand for new products and the environmental impact that comes with their production. Here are some reasons why buying and using used items is good for sustainability: Reduced waste: Every year, millions of tons of waste end up in landfills, polluting the environment and causing harm to wildlife. By using and reusing already-existing items, we reduce the amount of waste that ends up in landfills. By choosing to buy used items, we are diverting these products from becoming waste and giving them a new life. Conservation of resources: The production of new products requires the use of natural resources such as timber, metals, and water, which are finite and non-renewable. By purchasing used items, we reduce the demand for new resources and promote their conservation. Energy conservation: Manufacturing new products requires a significant amount of energy, leading to increased greenhouse gas emissions. By buying and using used items, we reduce the need for new production, leading to a decrease in energy consumption and associated emissions. Cost-effective: Buying used items is often more affordable than buying new ones. By purchasing used items, we can save money and reduce our overall consumption. Promotion of circular economy: A circular economy is an economic model that promotes the reuse of resources and products, as opposed to the traditional linear economy of take-make-dispose. By buying and using used items, we are supporting the circular economy model and promoting a more sustainable economic system. ---- HOW TO! Maybe you got convinced with our why you need to buy used items. Now comes the how to buy, sell, and rent. It's simple. Take a photograph, think of a price and post in: - Our marketplace luxembourgexpats.lu/buy-sell - we feature the links in all our social media channels for wider reach. - Our Facebook community facebook.com/groups/luxexpatsbuysell ---- Do's and dont's of buying and selling: We rely on the goodness of the buyer and seller in our community to make good of the transaction. We do not check the items being sold or the seller and neither do we play a middle men in the sale. What we offer is a place for buyer and seller to connect and transact without our involvement in-between. We have some suggestions though: Do's - Take clear photograph - Post in the marketplace and community - Give a clear description on the status of the item, what's working and what's damaged - Quote a reasonable price and ask for a reasonable price - Be flexible with the price - Handover the items in public places, if you can. - Be honest in the transaction Dont's - Do not give money before seeing and receiving the item