Luxembourg is preparing to discontinue its Golden Visa Program, signaling a shift in its approach to attracting foreign investment. While the government has not yet provided a specific termination date, officials have confirmed that the process to phase out the program is underway and legislative changes are expected soon. What Was Luxembourg’s Golden Visa Program? Introduced in 2017, Luxembourg’s Golden Visa Program offered non-EU investors a path to residency in exchange for significant financial investment. Applicants could qualify by: Investing at least €500,000 in an existing or new Luxembourg business that created at least five jobs Investing €3 million in management structures Depositing €20 million in a Luxembourg financial institution Alternatively, earning an annual income of €27,000 for residency on private grounds Successful applicants received a temporary residence permit valid for up to five years. After five years of residency and meeting language and citizenship requirements, permit holders could apply for Luxembourgish citizenship. Low Uptake Despite Recent Interest Since its launch, the program has seen very limited interest. Only 15 applications have been submitted in total, with just a handful approved. In 2023 and 2024, only six applications were filed, and four were rejected. Most recent applicants came from countries such as Russia, Israel, India, and China. Luxembourg’s stricter investment requirements compared to other EU countries are thought to have contributed to the low participation rate. Why Is Luxembourg Ending the Program? Several reasons are driving this decision: EU Pressure: The European Commission has called for the end of Golden Visa schemes, citing concerns about security, money laundering, and other risks. The scrutiny increased after Russia’s invasion of Ukraine in 2022. Limited Effectiveness: Luxembourg’s government has questioned whether the program delivers real economic or social benefits, given the low number of applicants and the country’s strong economy. Regional Trends: Other EU countries, including the Netherlands, Ireland, Portugal, and Spain, are also ending or modifying their investor visa programs. Ending the program will require changes to Luxembourg’s immigration laws, which means a bill must be drafted and approved by parliament. No timeline has been announced yet, so current and prospective applicants face some uncertainty. If you’re considering Luxembourg for residency, keep an eye on government updates. If you already hold a Golden Visa, it’s wise to consult with immigration professionals to understand how these changes might affect your residency status. For those exploring residency in Europe, it may be time to consider alternative pathways, as similar programs are being phased out across the EU. In short, Luxembourg’s move to end its Golden Visa Program is part of a larger European trend, driven by both internal assessments and external pressure from the EU. More details will emerge as the legislative process unfolds. --- Join the Luxembourg Expats community, sign up free luxembourgexpats.lu Connect Explore Live

April 16, 2025, was a day of celebration across Luxembourg as Grand Duke Henri, the nation’s beloved monarch, marked his 70th birthday. The milestone comes at a pivotal moment for the Grand Ducal family, as the Grand Duke prepares for his anticipated abdication later this year. A Day of Joy and Reflection The Grand Ducal Court commemorated the occasion by releasing a series of new portraits of Grand Duke Henri, both solo and with Grand Duchess Maria Teresa. The photographs, which quickly made their way across social media and news outlets, show the Grand Duke in a relaxed and reflective mood, a fitting image for a leader who has guided Luxembourg through more than two decades of change. Grand Duchess Maria Teresa posted a touching tribute to her husband, calling him her “extraordinary” partner and sharing their happiness with the public. The day was made even more special as it coincided with the 33rd birthday of their youngest son, Prince Sébastien. The family shared a rare photo together, capturing a moment of warmth and unity that resonated with Luxembourgers and expats alike. Looking Ahead: A Changing of the Guard This 70th birthday is not just a personal milestone for the Grand Duke, but also a symbolic one for the country. Henri has announced plans to abdicate in October 2025, passing the torch to his eldest son, Hereditary Grand Duke Guillaume. The transition is expected to be smooth, reflecting the stability and continuity that have defined Henri’s reign. In the lead-up to his abdication, Luxembourg will honor Grand Duke Henri with three days of jubilee celebrations in June. These festivities will include concerts, a solemn Te Deum service, and a grand fireworks display, offering the public a chance to express their appreciation for a monarch who has been both a steady hand and a modernizing influence. A Monarch for All Luxembourgers Throughout his reign, Grand Duke Henri has been known for his commitment to unity, tradition, and progress. His leadership has seen Luxembourg grow as a multicultural hub, welcoming expats from around the world while maintaining a strong sense of national identity. For many, the Grand Duke’s 70th birthday is a reminder of the enduring values that bind the country together. As Luxembourg looks ahead to National Day on June 23-officially celebrated as the Grand Duke’s birthday-the nation is not only celebrating a royal milestone, but also embracing a moment of transition and renewal. For expats and locals alike, Grand Duke Henri’s 70th birthday is more than just a royal event; it’s a celebration of family, continuity, and the unique spirit of Luxembourg. --- Join the Luxembourg Expats community, sign up free luxembourgexpats.lu Connect Explore Live

Luxembourg’s financial sector is entering a new era of digital security and resilience. The country’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has introduced a series of updated circulars to bring local regulations in line with the European Union’s Digital Operational Resilience Act (DORA). These changes are set to strengthen how financial institutions in Luxembourg manage digital risks, respond to cyber incidents, and work with third-party technology providers. What Is DORA and Why Does It Matter? DORA, which came into force across the EU in January 2025, is a landmark regulation aimed at ensuring that all financial entities-from banks and investment firms to payment service providers-are prepared to withstand and recover from digital disruptions. The regulation sets out clear expectations for managing ICT risks, reporting major incidents, and overseeing third-party technology providers. For Luxembourg, aligning with DORA means adopting a unified, EU-wide approach to digital resilience. Key Changes Introduced by CSSF Updated ICT Risk Management The CSSF has revised its existing guidance on ICT and security risk management. Now, DORA-covered entities will follow the new EU-wide requirements, while non-DORA entities will continue under the CSSF’s earlier framework. Payment service providers, in particular, will need to adapt to new guidelines that emphasize regular ICT risk assessments and robust reporting mechanisms. Streamlined Incident Reporting One of the most significant changes is the introduction of a harmonized process for reporting major ICT-related incidents and significant cyber threats. Financial institutions are now required to notify the CSSF of incidents using new dedicated forms through the CSSF’s eDesk portal. This replaces previous fragmented reporting practices and ensures that all critical incidents are captured in a consistent manner. Revised Outsourcing and Third-Party ICT Service Rules The CSSF has also updated its rules for outsourcing and third-party ICT services. DORA entities must now comply with new requirements for managing relationships with technology providers, including maintaining an up-to-date register of all critical outsourcing arrangements and notifying the CSSF of any significant changes. There is also a renewed focus on cloud computing, with obligations such as appointing a cloud officer and ensuring that cloud services are properly authorized. How Will These Changes Affect Financial Institutions? For financial institutions in Luxembourg, these updates mean it’s time to take a closer look at existing digital risk management frameworks and ensure they meet the new standards. This could involve updating internal policies, renegotiating contracts with technology providers, and training staff on new incident reporting procedures. For example, consider an investment firm that relies on a cloud provider for its trading operations. Under the new rules, the firm must ensure its outsourcing agreements include all necessary clauses and maintain a detailed register of the arrangement. If a cyber incident disrupts trading, the firm is now required to notify the CSSF promptly using the new reporting forms. Actionable Steps for Compliance Review and update ICT risk management policies to align with DORA requirements. Implement new incident detection, response, and reporting procedures. Update outsourcing contracts and maintain a detailed register of critical ICT arrangements. Train staff and management on the new rules and reporting processes. Regularly test digital resilience through drills and scenario planning. The CSSF’s move to align with DORA marks a significant step forward for Luxembourg’s financial sector. By adopting these new standards, financial institutions will be better prepared to handle digital threats and disruptions, ensuring greater stability and trust in the market. Now is the time for firms to review their processes, close any compliance gaps, and invest in building a more resilient digital future. --- Join the Luxembourg Expats community, sign up free luxembourgexpats.lu Connect Explore Live 

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

In a dramatic shakeup at the top of the luxury world, Hermès has surpassed LVMH to become the most valuable luxury company on the planet. This milestone comes after a turbulent day in the stock market, where shares of LVMH—owner of iconic brands like Louis Vuitton and Dior—fell sharply following disappointing first-quarter results, while Hermès’ stock remained steady. What Drove the Shift? The luxury sector has faced headwinds in 2025. After a pandemic-era boom, middle-class consumers have pulled back on spending, China’s economy has shown signs of weakness, and new trade tariffs from the US have added pressure. LVMH, led by Bernard Arnault, reported a 5% drop in sales for its crucial fashion and leather goods division, missing analysts’ expectations and triggering a nearly 8% drop in its share price. This pushed LVMH’s market capitalization down to €246.5 billion, its lowest since late 2020. Meanwhile, Hermès, famed for its Birkin and Kelly bags, ended the day with a market cap of €248.1 billion, clinching the title of world’s most valuable luxury company. In dollar terms, Hermès now boasts a valuation of about $276 billion, putting it among Europe’s top three listed companies, just behind SAP and Novo Nordisk. Why Hermès Is Winning Hermès’ strategy centers on exclusivity, craftsmanship, and a fiercely loyal ultra-wealthy clientele. Unlike many competitors, Hermès keeps production tight and doesn’t chase mass-market growth. Customers are willing to wait months or even years for coveted items like the Kelly bag, which can sell for over €8,000 and fetch even higher prices on the resale market. This exclusivity translates to extraordinary pricing power. Hermès shares trade at roughly 50 times forward earnings, far higher than any other luxury brand. Analysts point out that Hermès’ brand desirability means it doesn’t need to hike prices as aggressively as others to offset rising costs or tariffs. A Look Back—and Forward This isn’t the first time Hermès and LVMH have clashed. Fifteen years ago, LVMH attempted a stealth takeover of Hermès, a move that shocked the French business world. The Hermès family successfully resisted, and today, the sixth-generation heir Axel Dumas leads the company, which has seen double-digit sales growth in recent years. While the broader luxury sector is feeling the pinch—with brands like Prada and Kering also seeing stock declines—Hermès’ disciplined approach is paying off. The company’s resilience in uncertain times is now the benchmark for the industry. What Can Other Brands Learn? For those in the luxury business, Hermès’ rise offers a few key takeaways: Focus on brand exclusivity and desirability, not just volume. Maintain tight control over production and distribution. Build lasting relationships with high-net-worth clients. Resist the urge to chase short-term trends at the expense of long-term brand value. If you’re building a premium brand—whether in fashion, hospitality, or another sector—consider how Hermès’ patient, disciplined approach to growth and brand management might inspire your own strategy. In a world where trends shift quickly, true luxury still lies in scarcity, quality, and timeless appeal. Connect, Belong, Thrive: Your Expat Community in Luxembourg - Sign Up Free! luxembourgexpats.lu

Luxembourg isn’t just about its charming capital city. The entire country is a magnet for expats, thanks to its unique blend of career opportunities, high living standards, and multicultural atmosphere. If you’re considering a move, here are ten standout reasons why Luxembourg is consistently ranked as one of the best places for expats to live and work. High Quality of Life Across the Country Luxembourg ranks high for quality of life, not just in the capital but throughout the country. Residents enjoy clean cities, beautiful green spaces, and a peaceful atmosphere. The infrastructure is modern and well-maintained, making daily life comfortable and stress-free. Free Public Transportation Nationwide Luxembourg is the first country in the world to offer free public transport nationwide. Whether you’re commuting to work in the city or exploring the countryside, trains, trams, and buses are all free, making it easy and affordable to get around. Strong and Stable Economy Luxembourg boasts one of Europe’s most robust economies, with low unemployment and high wages. The country is a hub for finance, tech, and logistics, attracting multinational companies and offering excellent career prospects for skilled professionals. Multicultural and Multilingual Society Nearly half of Luxembourg’s population is made up of expats, creating a vibrant, multicultural environment. The country has three official languages—Luxembourgish, French, and German—and English is widely spoken, making integration smooth for newcomers. Excellent Healthcare System Luxembourg offers universal healthcare coverage, with both public and private options. The system is ranked among the best globally, ensuring residents have access to top-notch medical services, modern hospitals, and multilingual healthcare professionals. Family-Friendly Policies and Education Families benefit from generous social security, excellent childcare, and parental leave policies. The education system is top-tier, with international schools and multilingual programs that cater to children from all backgrounds. Safety and Security Luxembourg is consistently ranked as one of the safest countries in the world, with very low crime rates. This sense of security is a major draw for families and solo expats alike. Strategic Location in Europe Bordering France, Germany, and Belgium, Luxembourg is at the heart of Europe. Major cities like Paris, Brussels, and Frankfurt are just a short train ride or drive away, making travel for work or leisure incredibly convenient. Green Spaces and Outdoor Activities From rolling hills to lush forests and scenic rivers, Luxembourg offers plenty of opportunities for outdoor enthusiasts. Hiking, cycling, and exploring nature parks are popular pastimes, and half the capital city is made up of parks and green areas. Welcoming Expat Community and Support With such a large international population, Luxembourg has a well-developed network of expat groups, social clubs, and support services. This makes it easy to make friends, get practical advice, and feel at home quickly. Have you already joined luxembourgexpats.lu Actionable Tips for Moving to Luxembourg Start learning a local language—Luxembourgish, French, or German—to boost your integration and job prospects. Take advantage of free public transport to explore different regions and find your ideal neighborhood. Connect with expat groups online and in person to build your network and get insider tips. Research international schools early if you’re moving with children, as spots can fill up quickly. Make time to explore Luxembourg’s nature parks and historic sites to fully experience the country’s culture and beauty. Let's see a real example: When Priya, an IT professional from India, moved to Luxembourg with her family, she was amazed by how easily they settled in. Free transport made daily commutes a breeze, and her children thrived in a multilingual school. The family quickly made friends through expat meetups, and weekend trips to neighboring countries became a new favorite pastime. If you’re searching for a safe, welcoming, and opportunity-rich destination in Europe, Luxembourg offers the perfect blend of career growth, quality living, and cultural diversity. Connect, Belong, Thrive: Your Expat Community in Luxembourg - Sign Up Free! luxembourgexpats.lu

Luxembourg is making big moves in healthcare, aiming to recruit over 1,200 new doctors by 2030. If you’re an expat or an international medical graduate, this is an exciting opportunity to build a rewarding career in one of Europe’s most dynamic and multicultural countries. But before you jump in, it’s important to understand the requirements, especially around language, and how Luxembourg stacks up against other European destinations for doctors. Why Luxembourg Needs 1,200 More Doctors Luxembourg is facing a shortage of doctors due to an aging population and a wave of upcoming retirements among its current physicians. The country already relies heavily on foreign-trained professionals, with many doctors and nurses commuting from neighboring countries. To ensure high-quality healthcare for its residents, Luxembourg is investing in recruiting, training, and retaining more medical professionals—making now the perfect time for expats to consider making the move. Language Fluency: The Key Requirement One of the most important requirements for practicing medicine in Luxembourg is language fluency. The country has three official languages: French, German, and Luxembourgish. In medical settings, French is most commonly used, but German and Luxembourgish are also important, especially for patient communication. Here’s what you need to know: • Minimum Level: You must demonstrate at least B2-level proficiency in French, German, or Luxembourgish. This means you can communicate comfortably and professionally. • Proof: You’ll need an official language certificate (like DELF for French or Goethe-Zertifikat for German), or proof that your studies or work experience were completed in one of these languages. • No Exceptions: Even highly qualified doctors cannot practice without meeting the language requirement. How Expats Can Prepare for a Medical Career in Luxembourg If you’re considering this career path, here’s a step-by-step guide: 1. Start Language Training Early Begin learning French (or German/Luxembourgish) as soon as possible. Most expats find French the most practical choice for the healthcare sector. 2. Gather and Translate Your Documents Prepare your medical degree, certifications, and other important documents. If they’re not in one of Luxembourg’s official languages, get them translated by a certified translator. 3. Get Your Qualifications Recognized • EU/EEA/Swiss Nationals: Submit your credentials to the Ministry of Health for recognition. • Non-EU Nationals: You’ll need your diploma recognized, a medical license from an EU country, and a valid residence permit. 4. Secure a Job Offer For non-EU nationals, a job offer is required before moving to Luxembourg. Hospitals and clinics often recruit internationally, so start your search early. 5. Apply for a License to Practice Submit your application, including your CV, certificates, proof of language proficiency, and other required documents, to the Ministry of Health. 6. Register with the National Health Fund (CNS) You’ll need to apply for a healthcare provider code to practice legally. How Luxembourg Salaries Compare to Other European Countries Luxembourg stands out for its high doctor salaries and excellent working conditions. Here’s a simple comparison with other European countries: Luxembourg: • General practitioners: €120,000–€160,000 per year • Specialists: €170,000–€220,000 per year • Median salary: Around €142,000 • Entry-level doctors: From €79,600 • Top specialists: Up to €228,000 Germany: • Residents: €48,000–€70,000 per year • Specialists: €80,000–€120,000 per year (chief doctors can earn more) • Median specialist salary: €146,000 Netherlands: • Residents: €50,000–€70,000 per year • Specialists: €100,000–€180,000 per year • Average specialist salary: €160,000 France: • Hospital doctors: €55,000–€90,000 per year • Private specialists: €150,000–€250,000 per year • Average GP salary: €70,000 United Kingdom: • GPs: Around €73,000 per year • Specialists: Around €136,000 per year Spain: • Junior doctors: €30,000–€40,000 per year • Specialists: €60,000–€90,000 per year Switzerland: • Doctors: CHF 130,000–CHF 200,000 per year • Specialists: CHF 300,000–CHF 600,000 per year Eastern Europe: • Doctors: €10,000–€25,000 per year • Specialists: €40,000–€80,000 per year (private/expat roles) Why Luxembourg Is a Top Choice for Doctors • High Salaries: Luxembourg offers some of the highest doctor salaries in Europe. • Work-Life Balance: Doctors enjoy reasonable working hours, generous leave, and a manageable workload. • Modern Healthcare System: Hospitals and clinics are well-equipped, and the infrastructure is excellent. • Multicultural Environment: With three official languages and a diverse community, expats feel welcome and can integrate easily. • Career Growth: There’s a strong demand for both generalists and specialists, with opportunities in both public and private sectors. • Central Location: Luxembourg is a travel hub, making it easy to explore other European countries on your days off. Things to Consider • Cost of Living: Salaries are high, but so are living expenses, especially for housing. • Language Requirements: Fluency in French, German, or Luxembourgish is mandatory. • Qualification Recognition: Your medical degree and credentials must be officially recognized before you can work. A Real Example A Spanish doctor moved to Luxembourg for a specialist role after reaching B2-level French and getting her qualifications recognized. She now earns nearly double her previous salary, enjoys a better work-life balance, and travels easily across Europe. Actionable Steps for Aspiring Expats • Start language studies now—don’t wait until you’re ready to move. • Take official language exams to prove your proficiency. • Organize and translate all necessary documents early. • Network with other expat doctors in Luxembourg for advice and support. • Explore both public and private sector opportunities. In summary, Luxembourg’s plan to recruit 1,200 doctors by 2030 is a fantastic opportunity for expats looking for high salaries, excellent working conditions, and a vibrant, multicultural lifestyle. With the right preparation—especially around language fluency—you could soon be thriving in one of Europe’s most attractive destinations for medical professionals. Connect, Belong, Thrive: Your Expat Community in Luxembourg - Sign Up Free! luxembourgexpats.lu

Harvard University has firmly rejected a sweeping set of policy changes demanded by the Trump administration, even as nearly $9 billion in federal funding hangs in the balance. The standoff sets up a major confrontation between one of America’s most prestigious universities and the federal government, with implications for higher education nationwide. What Did the Trump Administration Demand? The Trump administration sent Harvard a detailed letter outlining a series of requirements the university would need to meet to continue receiving federal grants and contracts. These demands included: Eliminating all diversity, equity, and inclusion (DEI) programs Adopting strictly merit-based admissions and hiring, ending any preferences based on race, gender, or national origin Instituting new disciplinary measures for student protesters, including a comprehensive mask ban and the decertification of certain pro-Palestinian student groups Promptly reporting foreign students who violate conduct rules to federal authorities Commissioning external audits to ensure “viewpoint diversity” in every academic department Sharing detailed admissions and hiring data with the federal government for ongoing audits Taking stronger action against antisemitism, including disciplining or expelling students and groups involved in recent protests related to the Israel-Gaza conflict The administration argued these changes were necessary to address campus antisemitism and to ensure federal funds were not supporting what it described as discriminatory or disruptive practices. Harvard’s Response Harvard President Alan M. Garber responded with a strong statement defending the university’s autonomy and constitutional rights. He emphasized that no government—regardless of political party—should dictate what private universities teach, whom they admit or hire, or which academic fields they pursue. Harvard’s legal team made it clear the university would not comply with demands that exceed the lawful authority of any administration. Garber also noted that Harvard has already taken steps to address antisemitism and misconduct on campus, but rejected the administration’s “unprecedented” requirements as violations of free speech and academic freedom. What’s at Stake? The Trump administration has threatened to withhold nearly $9 billion in federal funding, including research grants and contracts, if Harvard does not comply. This is the largest amount of federal funding at risk for any university in the current wave of government scrutiny. Other elite institutions, such as Columbia University, have reportedly agreed to some administration demands to avoid similar funding cuts. What Happens Next? This is a developing story, and the outcome remains uncertain. Harvard’s refusal to comply could lead to a protracted legal battle over the limits of federal authority and the rights of private universities. The case is being closely watched by other higher education institutions, many of which are facing similar pressures. Actionable Takeaways For university leaders: Review your institution’s policies and be prepared for increased federal scrutiny, especially regarding DEI, admissions, and campus protests. For students and faculty: Stay informed about your rights and the evolving landscape of academic freedom and campus governance. For policymakers: Consider the broader implications of federal intervention in higher education and the balance between civil rights enforcement and institutional autonomy. ------------- 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

Neuraspace, a European leader in space traffic management and sustainability, has announced the opening of a new office in Luxembourg. This strategic move strengthens its collaboration with the Luxembourg Space Agency (LSA) and integrates the company into the country's thriving space ecosystem. Here's what this expansion means for Neuraspace and the broader space industry. Why Luxembourg? Luxembourg has positioned itself as a global hub for space innovation, offering a supportive environment for companies in the sector. It boasts the highest investment in space exploration in Europe relative to GDP and ranks third globally. This makes it an ideal location for Neuraspace to further its mission of ensuring safe and sustainable space operations. Chiara Manfletti, CEO of Neuraspace, highlighted Luxembourg's commitment to innovation and cooperation in space exploration as a key factor in the decision. She noted that this environment aligns perfectly with Neuraspace's goals of advancing artificial intelligence (AI), machine learning (ML), and space sustainability technologies. What Neuraspace Brings to Luxembourg Neuraspace specializes in space traffic management (STM), leveraging AI and ML to monitor and manage satellite operations. Its platform currently safeguards over 400 satellites, providing real-time collision avoidance and autonomous decision-making tools. By expanding its engineering team in Luxembourg, the company aims to enhance its capabilities in AI-driven solutions for space safety. The new office will also serve as a hub for collaboration with local industry players, including Luxinnovation, Luxembourg's national innovation agency. This partnership aims to foster advancements in autonomous spacecraft operations, reducing costs and improving efficiency for satellite operators. Collaboration with the Luxembourg Space Agency The expansion marks the beginning of closer ties with the LSA. The first step of this partnership involves joint participation at the upcoming Space Symposium in Colorado Springs (April 9-11, 2025). This event will provide opportunities for defense-related discussions and international networking. Marc Serres, CEO of the LSA, expressed enthusiasm about Neuraspace joining Luxembourg's space ecosystem. He emphasized the company's role in reshaping industries through innovative technology and responsible approaches to space activities.  A Step Toward Space Sustainability As Earth's orbit becomes increasingly crowded with satellites, managing orbital debris and preventing collisions are critical challenges. Neuraspace's STM platform addresses these issues by automating risk assessments and providing actionable insights for satellite operators. This not only ensures operational safety but also contributes to long-term space sustainability. Manfletti underscored the importance of developing autonomous spacecraft capable of intelligent decision-making for collision avoidance. This vision aligns with global efforts to unlock the full potential of the space economy while safeguarding orbital environments. Neuraspace's expansion into Luxembourg is more than just a geographic move—it's a commitment to advancing Europe's leadership in sustainable space operations. By combining cutting-edge technology with strategic partnerships, the company is poised to make significant contributions to both commercial and defense sectors. This development signals an exciting future for Neuraspace, Luxembourg's space ecosystem, and the global push toward responsible use of outer space.  --- Join the network for expats and local businesses in Luxembourg, sign up free luxembourgexpats.lu

Ever wondered why your charming adopted home of Luxembourg stands tall on the global financial stage? Get ready, expats, because we’re diving into the captivating world of Luxembourg’s corporate tax brilliance — the secret sauce behind its thriving economy!  The Grand Duchy’s Golden Ticket 🎫 Imagine this: a country smaller than Rhode Island that consistently ranks among the top recipients of U.S. multinational investments. Impressive, right? Luxembourg’s success story is built on smart, forward-thinking tax policies that have been attracting global businesses since the 1960s — transforming this small nation into an economic powerhouse.  The Luxembourg Advantage 💼✨ Luxembourg has been rolling out the red carpet for global corporations, offering a welcoming environment filled with incredible benefits:  1. ✅ No withholding tax on certain types of income – boosting global investment flow.  2. ✅ No stamp duty on specific financial transactions – simplifying business operations.  3. ✅ Flexible bond issuance rules – increasing efficiency for global markets. These policies create a business-friendly ecosystem, helping Luxembourg stand out as a hub of innovation, growth, and prosperity.  The Power of the Numbers 📊 Let’s talk about the jaw-dropping figures that showcase Luxembourg’s economic success:  • 💸 In 2015, Luxembourg attracted tens of billions in multinational investments, becoming a major global player.  • 🌍 A significant share of shifted EU profits flows into Luxembourg, alongside other key hubs like Ireland and the Netherlands.  • 🏢 Several multinational corporations benefit from competitive tax structures, enhancing Luxembourg’s appeal as a financial center.  Global Giants Call Luxembourg Home 🌟 You’d be surprised how many household names operate from here! From Amazon (which has its European headquarters in Luxembourg) to PepsiCo and many leading investment firms, top global brands have chosen Luxembourg as their European base. This international presence fuels a vibrant and diverse economy, creating exciting opportunities for professionals like you.  What This Means for You, the Expat 🌐💖 So, why should all this matter to you? Because Luxembourg’s smart tax policies are at the heart of its economic prosperity — and that directly impacts your expat experience.  • 🌍 Diverse Job Market: The influx of multinational companies means more career opportunities across industries.  • 🍽️ World-Class Lifestyle: Swanky restaurants, vibrant cultural festivals, and a lively social scene.  • 🏞️ Top-Notch Public Services: Exceptional healthcare, efficient public transport, and green spaces to explore. Luxembourg’s success story isn’t just about numbers — it’s about creating a thriving, multicultural hub where expats can build fulfilling careers and enjoy a rich, diverse lifestyle.  The Bottom Line 🏆 With an official corporate tax rate of 23.87% (including corporate income tax, solidarity surtax, and municipal business tax for companies in Luxembourg City), Luxembourg still offers businesses flexible and favorable conditions. This fosters an economy that supports a vibrant expat community. So, next time you’re sipping coffee in Place d’Armes or enjoying a stroll through Grund, remember — you’re part of a success story that blends global business excellence with an unparalleled quality of life.  Welcome to Luxembourg — where opportunity meets lifestyle! 🇱🇺💫  Join www.luxembourgexpats.lu — your gateway to 100,000+ expats living, working, and thriving in Luxembourg. 🌍💬 

In a surprising move, Belgium's new coalition government has announced significant changes to its expat tax regime, potentially shaking up the landscape for international professionals in the Benelux region. These changes could have ripple effects for expats in Luxembourg, making it crucial to understand the shifting dynamics in neighboring countries. The New Belgian Expat Tax Regime Belgium's revised expat tax system, set to be implemented soon, aims to make the country more attractive to foreign investors and boost employment. Here are the key changes: 1. Lower income threshold: The required income for inpatriates (formerly known as expats) will decrease from €75,000 to €70,000, broadening access to the tax benefits. 2. Increased tax-free allowances: The tax-free compensation will rise from 30% to 35% of the salary. 3. Removal of caps: The previous €90,000 limit on tax-free allowances will be scrapped, making Belgium more appealing to high-earning executives. Why Luxembourg Expats Should Take Notice These changes in Belgium could potentially impact Luxembourg's competitive edge in attracting international talent. Here's why Luxembourg residents should pay attention: 1. Increased regional competition: Belgium's more generous tax regime may lure some high-earning professionals away from Luxembourg. 2. Potential policy shifts: Luxembourg may feel pressure to adjust its own expat tax policies to maintain its attractiveness to international workers. 3. Cross-border opportunities: Some Luxembourg residents might consider exploring job opportunities in Belgium, given the new tax advantages. What This Means for You If you're an expat living in Luxembourg, it's essential to stay informed about these regional tax developments. While Luxembourg still offers many advantages, including its strategic location and robust financial sector, the changing tax landscape in neighboring countries could influence your career decisions and financial planning. As the situation evolves, it's crucial to consult with tax professionals who understand the nuances of both Luxembourg and Belgian tax systems. They can help you navigate these changes and potentially optimize your tax situation. Remember, while Belgium's new expat tax regime sounds enticing, it's important to consider all factors – including quality of life, career opportunities, and long-term stability – when making decisions about where to live and work. Stay tuned for further developments, as Luxembourg may respond to these changes to maintain its competitive edge in the expat job market. --- Join our online network, sign up free and meet new people and discover expat friendly businesses luxembourgexpats.lu

Are you tired of expensive hotel bills and impersonal Airbnb stays? Discover the latest trend in travel that's revolutionizing the way people explore the world: home swapping. This innovative approach to accommodation is not only cost-effective but also offers a unique, immersive experience that traditional lodging options simply can't match. What is Home Swapping? Home swapping is a simple concept with profound implications for budget-conscious travelers. Instead of booking a hotel or rental property, you exchange homes with another traveler. This arrangement allows you to stay in a fully-equipped home at your destination while someone else enjoys your space. The Benefits of Home Swapping 1. Significant Cost Savings One of the most attractive aspects of home swapping is the potential for substantial savings. By eliminating accommodation costs, travelers can allocate their budget to other aspects of their trip, such as dining out, attractions, or extended stays. 2. Authentic Local Experiences Living in a real home in your destination provides a genuine taste of local life. You'll have the opportunity to shop at neighborhood markets, cook in a fully-equipped kitchen, and experience the rhythms of daily life in your temporary community. 3. Comfort and Space Unlike cramped hotel rooms, home swaps often offer more space and amenities. Enjoy separate bedrooms, living areas, and outdoor spaces that make your stay more comfortable and relaxing. 4. Flexibility in Travel Plans Many home swap platforms offer options for non-simultaneous exchanges, giving you greater flexibility in planning your trips. This feature is especially beneficial for those with less predictable schedules. 5. Building a Global CommunityHome swapping fosters a sense of trust and community among participants. Many swappers report forming lasting friendships with their exchange partners, adding a rich social dimension to their travels. How to Get Started with Home Swapping To begin your home swapping journey, consider joining reputable platforms like Love Home Swap or HomeExchange. These websites typically charge annual membership fees and offer insurance options for added security. Tips for Successful Home Swapping 1. Communication is Key: Clearly discuss expectations and house rules with your swap partner before the exchange. 2. Prepare Your Home: Ensure your space is clean, organized, and welcoming for your guests. 3. Be Open-Minded: Consider various destinations and types of homes to increase your chances of finding great swaps. 4. Embrace the Community: Build relationships with fellow swappers to enhance your experience and open up future opportunities. Is Home Swapping Right for You? While home swapping may not suit everyone's travel style, it offers an exciting alternative for those seeking authentic experiences and significant savings. As the sharing economy continues to grow, home exchanges present a compelling option for adventurous travelers looking to explore the world from a local's perspective. Ready to embark on your home swapping adventure? Start exploring your options today and unlock a world of unique travel experiences that won't break the bank. --- Join the Luxembourg Expats community luxembourgexpats.lu

Luxembourg, known for its high quality of education, multilingual environment, and welcoming attitude towards international students, has established itself as a coveted destination for higher education. This article provides a detailed overview of the student visa process and work opportunities tailored for those planning to study in Luxembourg in 2025. Understanding the Student Visa for Luxembourg Who Needs a Visa? Non-EU/EEA Students: Must secure a visa if studying for more than 90 days. EU/EEA Students: No visa required, but registration at the commune is mandatory for stays exceeding three months. Step-by-Step Visa Application Process for 2025 Admission to a Recognized Institution: First, gain admission to an accredited Luxembourgish university or institution. Temporary Authorisation to Stay: Required Documents:Proof of enrollment. Evidence of financial resources (approximately €1,000/month). Proof of health insurance (minimum coverage of €30,000). A valid passport. Application: Submit via the Guichet.lu platform or directly at the Immigration Directorate. 3. Visa Application at Embassy/Consulate: After receiving the temporary authorisation, apply for a Type D visa at a Luxembourg embassy or consulate. This step is crucial for non-EU/EEA students. 4. Upon Arrival in Luxembourg: Register at your local commune within three days of arrival. Undergo a medical examination to finalize your student residence permit. 5. Costs and Fees Temporary Authorisation: No fee. Residence Permit: €80 for non-EU/EEA students. 6. Work Opportunities for Students in 2025 Part-Time Work During Studies Non-EU/EEA Students: Permitted to work up to 15 hours per week during the academic term. Full-time work is allowed during official university holidays. EU/EEA Students: Can work without restrictions, but part-time work is still limited to 15 hours during term time to prioritize studies. Post-Study Work Opportunities Jobseeker Visa:Duration: Up to nine months to find employment or start a business. Eligibility: Must have completed studies in Luxembourg and held a student residence permit. Application: Must be made before the student visa expires via the Immigration Directorate or Guichet.lu. Starting a Business: The jobseeker visa also allows graduates to launch their own business, provided they present a viable business plan. Key Considerations for 2025 Compliance with Work Hours: Exceeding work hours can lead to visa issues. Networking: Part-time jobs offer networking opportunities beneficial for future employment in Luxembourg's competitive job market. Language Skills: Proficiency in French, German, or Luxembourgish can significantly boost job prospects, given the country's multilingual environment. Why Luxembourg for Students? High Standard of Living: One of the highest in Europe. Educational Excellence: Universities like the University of Luxembourg rank high in global assessments. Economic Opportunities: Strong in finance, technology, and logistics sectors. Luxembourg in 2025 not only promises an enriching educational experience but also provides a clear pathway for students to integrate into the workforce. With specific visa processes, work regulations, and post-study opportunities, it's an ideal place for international students aiming to combine academic growth with career advancement in a multicultural European setting. Always refer to the latest official resources or directly consult with your educational institution in Luxembourg for up-to-date information, as regulations can evolve. --- join the network for expats - Luxembourg Expats - signup free luxembourgexpats.lu

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

The Luxembourg government's initiative through the Emergency Telecommunications Cluster (ETC) project is addressing a critical need in the Sahel region of Africa. This project aims to bridge the digital divide and provide essential digital services to vulnerable communities in an area facing multiple challenges. The ETC project, supported by Luxembourg, is targeting over 3,650 users in the Sahel region, with a focus on: - Host communities - Refugees - Youth aged 18 to 34 Burkina Faso and Niger are the first countries to benefit from this initiative. Services Provided The project offers tailored ICT services to help communities: - Access life-saving information - Connect to the world - Develop digital skills These services include: - Charging stations - Phone booths - Cybercafés - Internet hotspots Context and Challenges The Sahel region faces significant challenges: - Over 40% of the population lives below the poverty line - Limited access to essential social services, including ICT - Increasing climate change vulnerability - Chronic food insecurity - Intensifying violence In this context, the lack of access to information and communication technology exacerbates the vulnerability of these communities, trapping them in a cycle of poverty. Impact and Importance The ETC project is crucial for several reasons: 1. It addresses the stark inequalities in access to basic social services, including ICT. 2. It provides communities with tools to access vital information and connect with the wider world. 3. It helps develop digital skills, which are increasingly important for economic opportunities and resilience. By providing these services, the project aims to empower communities in the Sahel to better navigate the challenges they face and improve their overall quality of life. The ETC's efforts, supported by Luxembourg, demonstrate the importance of international cooperation in addressing global challenges and working towards sustainable development goals in vulnerable regions. -- Join the happy place for expats - Luxembourg Expats luxembourgexpats.lu

Luxembourg has emerged as a premier destination for establishing international trusts, offering a blend of financial stability, asset protection, and privacy. This comprehensive guide explores the process of setting up a Luxembourg trust in 2025, its benefits, and key considerations for potential settlors. Luxembourg: A Financial Powerhouse Nestled in the heart of Western Europe, Luxembourg has carved out a reputation as a global financial hub. With a population of just over 650,000, this small nation punches well above its weight in economic terms. Luxembourg boasts: - The highest GDP per capita globally - Europe's largest investment fund center - The second-largest investment fund center worldwide - The Eurozone's most important private banking center These accolades underscore Luxembourg's significance in the global financial landscape, making it an attractive jurisdiction for trust establishment. The Luxembourg Trust: An Overview Luxembourg introduced its Trust Law in 2003, paving the way for international trusts. A Luxembourg trust serves as an excellent tool for: - Estate planning - Investment fund setup - Wealth management - Asset protection The trust structure in Luxembourg mirrors that of other offshore jurisdictions, involving three key parties: 1. Settlor: Establishes the trust and defines its conditions 2. Trustee: Manages the trust assets (can be an individual or a company) 3. Beneficiary: Receives benefits from the trust assets Benefits of a Luxembourg Trust 1. Foreigner-Friendly Jurisdiction Luxembourg's Trust Law allows foreign citizens to act as settlors, trustees, beneficiaries, or fiduciary agents, making it highly accessible to international clients. 2. Tax Advantages Non-resident beneficiaries are generally exempt from Luxembourg taxes if all trust assets are located outside the country. However, individuals subject to worldwide income taxation must report all benefits to their respective tax authorities. 3. Privacy Protection Luxembourg ranks fifth on the Tax Justice Network's Financial Secrecy Index, offering a degree of privacy that's increasingly rare in today's transparent financial world. While Luxembourg maintains a trust register, this information is not publicly accessible. 4. Stable and Reputable Jurisdiction As a founding member of the EU, OECD, UN, and NATO, Luxembourg offers political and economic stability, coupled with a strong regulatory framework. Setting Up a Luxembourg Trust: Step-by-Step Guide 1. Consult Professionals: Engage with experts specializing in Luxembourg trust establishment. 2. Choose a Trustee: Select a trustworthy individual or company to manage the trust assets. 3. Identify Trust Participants: Clearly define the roles of settlor, trustee, and beneficiaries. 4. Collect Necessary Documents: Gather all required paperwork for trust formation. 5. Draft the Trust Deed: Create a comprehensive document outlining the trust's terms and conditions. 6. Transfer Assets: Move the designated assets into the trust. 7. Register the Trust: Complete the registration process with Luxembourg authorities. Trust Registration in Luxembourg In July 2020, Luxembourg introduced the 'Fiduciary and Trust Register' (LTR). This register applies to: - Trusts with Luxembourg trustees - Trusts with non-Luxembourg trustees entering into business relationships or acquiring real estate in Luxembourg The LTR requires detailed information about beneficial owners, including settlors, trustees, beneficiaries, and any individuals exercising effective control over the trust. Considerations for Potential Settlors While Luxembourg offers numerous advantages, potential settlors should consider their specific needs and circumstances. For those prioritizing tax benefits and willing to look beyond the EU, jurisdictions like the Cook Islands or the Bahamas might offer additional advantages. Luxembourg's combination of financial expertise, regulatory stability, and privacy protection makes it an attractive option for establishing an international trust. As with any significant financial decision, potential settlors should consult with experienced professionals to determine if a Luxembourg trust aligns with their wealth management and asset protection goals. By leveraging Luxembourg's robust financial infrastructure and trust-friendly legislation, individuals can create a secure and efficient vehicle for managing their assets in 2025 and beyond. -- Join the happy place for expats - Luxembourg Expats luxembourgexpats.lu

In the rapidly evolving world of artificial intelligence, the emergence of advanced language models has revolutionized how we interact with technology. Among the many AI solutions available today, DeepSeek AI is making waves as a powerful and versatile alternative to well-known platforms like ChatGPT. But what sets DeepSeek AI apart, and why might it be the preferred choice for users seeking cutting-edge AI capabilities? Let’s dive in. What is DeepSeek AI? DeepSeek AI is an advanced artificial intelligence platform designed to deliver highly accurate, context-aware, and user-friendly interactions. Built on state-of-the-art machine learning algorithms, DeepSeek AI excels in natural language processing (NLP), enabling it to understand and generate human-like text with remarkable precision. Whether you're looking for assistance with content creation, customer support, data analysis, or even creative writing, DeepSeek AI is engineered to meet a wide range of needs. What truly sets DeepSeek AI apart is its open-source model and the rapid pace of its development. Unlike many proprietary AI systems, DeepSeek AI’s open-source nature allows developers, researchers, and businesses to access, modify, and improve its codebase, fostering innovation and collaboration on a global scale. This transparency not only builds trust but also accelerates the evolution of the platform, ensuring it stays at the forefront of AI technology. Key Features of DeepSeek AI 1. Open-Source Advantage DeepSeek AI’s open-source framework is a game-changer in the AI landscape. By making its codebase accessible to the public, DeepSeek AI encourages collaboration and innovation, allowing developers to customize and enhance the platform for specific use cases. "The open-source nature of DeepSeek AI is a breath of fresh air in an industry often dominated by closed systems. It empowers users to take control of their AI tools and adapt them to their unique needs," says a leading AI researcher. 2. Rapid Development Cycle DeepSeek AI was created with an agile development approach, enabling it to evolve at an unprecedented pace. This rapid iteration ensures that the platform stays ahead of emerging trends and user demands. The speed at which DeepSeek AI has been developed and improved is nothing short of remarkable. It’s a testament to the power of open-source collaboration and a forward-thinking team, notes a tech industry analyst. 3. Enhanced Contextual Understanding DeepSeek AI is designed to grasp the nuances of human language, allowing it to maintain context over longer conversations. This makes it ideal for complex tasks that require deep comprehension, such as legal document analysis, technical writing, or multi-turn customer support interactions. As one expert put it, "DeepSeek AI isn’t just another chatbot—it’s a paradigm shift in how machines understand and respond to human language. Its ability to retain context over long conversations is like giving AI a memory." 4. Customizability and Adaptability Unlike many one-size-fits-all AI solutions, DeepSeek AI offers a high degree of customization. Users can fine-tune the model to align with specific industries, terminologies, or brand voices, ensuring outputs that are both relevant and personalized. "While ChatGPT is a jack-of-all-trades, DeepSeek AI is the master of specificity. Its customizable models make it the go-to choice for businesses that need precision and reliability." 5. Ethical AI Practices DeepSeek AI prioritizes ethical AI development, incorporating robust safeguards to prevent bias, misinformation, and misuse. Its transparent algorithms and commitment to user privacy make it a trustworthy choice for sensitive applications. "In a world where AI bias and misinformation are growing concerns, DeepSeek AI stands out by prioritizing transparency and fairness. It’s not just about what AI can do—it’s about what it should do."– Dr. Emily Carter, AI Ethics Researcher. 6. Multilingual Capabilities With support for multiple languages, DeepSeek AI breaks down communication barriers, making it a valuable tool for global businesses and diverse user bases. "DeepSeek AI doesn’t just translate—it understands. Its ability to capture cultural nuances and idiomatic expressions makes it a game-changer for global communication." DeepSeek AI vs. ChatGPT: A Cost Comparison When comparing DeepSeek AI and ChatGPT from a user cost perspective, several factors come into play, including pricing models, accessibility, and value for money. Here's a detailed comparison to help users understand which platform might be more cost-effective for their needs: 1. Pricing Models - DeepSeek AI: - Open-Source Advantage: Free access to the core framework, ideal for developers and researchers. - Enterprise Plans: Scalable plans tailored to specific business needs. - Pay-As-You-Go Options: Flexible pricing for occasional users. - ChatGPT: - Freemium Model: Free tier with limited capabilities. - ChatGPT Plus: $20/month for faster responses and priority access. - Enterprise Plans: Custom pricing for large organizations. 2. Cost-Effectiveness for Different User Groups - Individual Users: - DeepSeek AI’s open-source model is free, making it ideal for personal projects. - ChatGPT’s free tier is limited; ChatGPT Plus costs $20/month. - Small Businesses and Startups: - DeepSeek AI’s pay-as-you-go options and open-source flexibility are cost-effective. - ChatGPT Plus is affordable but may become expensive with higher usage. - Large Enterprises: - DeepSeek AI’s customizable enterprise plans offer long-term value. - ChatGPT’s enterprise plans can be costly and lack transparency. 3. Hidden Costs and Considerations - DeepSeek AI: - Potential costs for hosting, customization, and maintenance. - Paid support plans for enterprise users. - ChatGPT: - Usage limits even with ChatGPT Plus. - Proprietary lock-in may increase long-term costs. 4. Value for Money - DeepSeek AI: - High due to open-source flexibility, customization, and scalability. - ChatGPT: - Moderate; dependent on OpenAI’s updates and pricing changes. Use Cases for DeepSeek AI - Content Creation: Generate high-quality articles, blogs, and marketing copy tailored to your audience. "DeepSeek AI is like a brainstorming partner who never runs out of ideas. It’s helped me overcome writer’s block and explore creative avenues I never would have thought of on my own." – Jenna Collins, Novelist. - Customer Support: Provide instant, accurate responses to customer queries, improving satisfaction and efficiency. "With DeepSeek AI, we’ve seen a 40% reduction in response times and a 25% increase in customer satisfaction." – Sarah Thompson, CXO of a leading e-commerce platform. - Data Analysis: Extract insights from complex datasets and present them in an easy-to-understand format. - Education: Assist students and educators with personalized learning materials and explanations. "DeepSeek AI has transformed the way we teach. It adapts to each student’s learning style, providing explanations that are both clear and engaging." – Mark Johnson, High School Teacher. - Creative Writing: Craft compelling stories, scripts, and poetry with AI-powered creativity. The Future of AI with DeepSeek DeepSeek AI isn’t just keeping up with the AI revolution—it’s driving it. Its innovative approach to context retention, customization, and ethical AI practices is setting new standards for what AI can achieve. As tech analyst Alex Rivera puts it, "DeepSeek AI’s role in shaping tomorrow’s technology cannot be overstated. It’s not just a tool—it’s a vision of what AI can and should be." As AI continues to reshape industries and redefine possibilities, DeepSeek AI emerges as a formidable contender in the landscape of language models. Its open-source model, rapid development cycle, advanced capabilities, ethical focus, and adaptability make it a standout choice for users seeking a reliable and versatile AI solution. While ChatGPT remains a popular option, DeepSeek AI’s unique strengths position it as a preferred alternative for those who value precision, customization, and innovation. Whether you're a business looking to streamline operations or an individual exploring the potential of AI, DeepSeek AI offers a powerful and future-ready platform to meet your needs. The future of AI is here—and DeepSeek AI is leading the way. --- Join Luxembourg Expats - reaching 100k+ expats for free on luxembourgexpats.lu

The Luxembourgish Parliament has taken a significant step towards simplifying tax procedures for small businesses by accepting Bill No. 8406 for consideration. This bill aims to amend the VAT law, specifically targeting the special regime for small enterprises. If approved, these changes could reshape the VAT landscape for small businesses in Luxembourg, offering potential relief and streamlined processes. Key Proposals in Bill No. 8406 1. Increased VAT Registration Threshold One of the most notable proposals in the bill is an increase in the VAT registration threshold. This change could allow more small businesses to operate without the need for VAT registration, reducing their administrative burden and potentially improving their cash flow. 2. Introduction of a Simplified VAT Regime The bill also proposes the introduction of a simplified VAT regime. This could be a game-changer for small businesses that do need to register for VAT, as it may significantly reduce the complexity of their VAT compliance obligations. 3. Modifications to VAT Reporting Requirements Changes to VAT reporting requirements are also on the table. These modifications could potentially decrease the frequency or complexity of VAT reporting for small businesses, further easing their administrative load. Timeline and Implementation If approved, these measures are scheduled to take effect on January 1, 2025. This gives businesses and tax authorities time to prepare for the changes and adjust their systems and processes accordingly. Implications for Small Businesses These proposed amendments could have far-reaching implications for small businesses in Luxembourg. By potentially raising the VAT registration threshold, simplifying the VAT regime, and modifying reporting requirements, the bill aims to create a more business-friendly environment for small enterprises. Small business owners may find themselves with reduced VAT obligations, allowing them to focus more on growing their businesses rather than managing complex tax procedures. However, it's important to note that the specifics of these changes are still under review and may be subject to modification before final approval. Next Steps While the acceptance of Bill No. 8406 for consideration is a positive step, it's important to remember that it still needs to go through the legislative process. Small business owners in Luxembourg should keep a close eye on the progress of this bill, as it could significantly impact their VAT obligations and overall financial management in the coming years. As Luxembourg moves towards potentially simplifying its VAT system for small businesses, it joins a growing trend of countries seeking to ease the tax burden on smaller enterprises. This move could potentially boost entrepreneurship and small business growth in the country, contributing to a more dynamic and diverse economy. --- Join the Luxembourg Expats community online luxembourgexpats.lu

Poland has assumed the presidency of the Council of the European Union for the first half of 2025, marking its second time in this role since joining the EU in 2004. Under the slogan "Security, Europe!", the Polish presidency aims to strengthen European security across multiple dimensions, including external, internal, economic, and energy sectors. Prime Minister Donald Tusk, a seasoned EU politician, emphasized Poland's commitment to European values and the need for a strong, united Europe in the face of global challenges. The presidency comes at a critical time, with ongoing conflicts in Ukraine, tensions at the Polish-Belarusian border, and broader geopolitical shifts affecting EU-US and EU-China relations. Poland plans to host over 300 official meetings, including 22 informal councils of EU ministers, positioning itself as a key player in shaping EU policy. However, the start of the presidency was marred by diplomatic tensions with Hungary, highlighting the complex political landscape within the EU. As Poland takes on this leadership role, it faces the task of navigating internal EU dynamics while addressing pressing issues such as support for Ukraine, defense spending, and economic competitiveness. The success of Poland's presidency could significantly impact the EU's direction in the coming years, particularly as it coincides with the beginning of a new EU institutional cycle. --- Join the Luxembourg Expats community online 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 June 26, 2024, the Luxembourg government approved a draft bill to implement changes in VAT regulations, set to take effect on January 1, 2025. These changes, driven by EU Directives, will significantly impact various sectors and business operations in Luxembourg. Here are the main updates: Small Enterprise Scheme: The turnover threshold for the small enterprise scheme will increase from €35,000 to €50,000 ex VAT per year. This threshold will now apply to both domestic and cross-border transactions, benefiting businesses engaged in international trade. Art and Antiques: The margin taxation scheme for works of art, second-hand goods, collectors' items, and antiques will be replaced with a reduced VAT rate of 8%. This change aims to maintain Luxembourg's competitiveness in the art trade market. Event Taxation: The place of taxation for cultural, artistic, sporting, scientific, educational, and entertainment events will change. Physical events will continue to be taxed where they take place, while virtual events will be taxed based on the client's location. This update aligns VAT treatment with modern practices but may complicate VAT obligations for service providers. International Passenger Transport: The VAT exemption for passenger transport to or from foreign countries will be abolished. Luxembourg VAT will apply only to the portion of the journey within Luxembourg, potentially creating complexities for companies involved in international passenger transport. These changes will require Luxembourg businesses to review their operations and adapt their systems accordingly. The draft bill is currently undergoing the legislative process and is expected to be implemented as planned. deloitte.com/lu/en/services/tax/perspectives/how-will-luxembourgs-vat-change-from-1-january-2025.html --- Join Luxembourg Expats for free - we reach 100k+ expats luxembourgexpats.lu

Luxembourg experienced a year of significant developments and milestones in 2024, spanning various sectors including economy, politics, healthcare, employment, tourism, and infrastructure. The small but dynamic European nation continued to adapt to changing global dynamics while maintaining its position as a key player in the European Union. Economic Landscape Luxembourg's economy showed mixed signals in 2024. The country's GDP grew by 3.8%, demonstrating resilience in the face of global challenges. However, economic surveys indicated a deterioration in economic sentiment across various sectors. Confidence indicators for industry, retail trade, and non-financial services significantly worsened in July, reaching lows not seen in 7-10 months. The construction sector saw a slight improvement in optimism among entrepreneurs, though confidence remained below the long-term average. The real estate sector saw a 44% increase in sales of existing flats over one year, indicating a recovery in the housing market. Mortgage credit applications also rose after nearly three years of decline, with the amount of credit granted for residential properties increasing by 9% year-on-year in the second quarter. Political Developments Following the 2023 elections, Luxembourg formed a coalition government led by Prime Minister Luc Frieden of the Christian Social People's Party (CSV) and the Democratic Party (DP). The government focused on addressing key challenges, including housing, economic competitiveness, and environmental sustainability. The Chamber of Deputies passed the 2025 state budget with a narrow majority of 35 votes to 25, reflecting the government's priorities and sparking debates about tax revenue and social policies. Luxembourg also sought €58 million from the EU recovery programme as part of its second instalment request. In June, Luxembourg participated in the European Parliament elections, demonstrating its commitment to EU integration. Later that month, on the Grand Duke's Official Birthday, Henri, Grand Duke of Luxembourg, announced that his son and heir Guillaume would begin assuming royal duties in October, signaling a gradual transition in the monarchy. Employment and Job Market Luxembourg's job market in 2024 exhibited robust growth, with a GDP increase of 3.8% and an unemployment rate of 4.2%. Job vacancies increased by 15%, with technology and finance sectors driving employment growth. There was a high demand for digital skills and sustainable practices. However, recent data from ADEM (Luxembourg's employment agency) indicated a slight increase in unemployment. As of October 31, 2024, there were 18,293 resident jobseekers registered with ADEM, an increase of 1,366 individuals (or 8.1%) compared to October 2023. To attract and retain talent, Luxembourg introduced a new expat tax regime. Starting January 1, 2025, expats will enjoy a 50% tax exemption on the first €400,000 of their gross annual compensation for a period of 8 years. Additionally, employees under 30 signing their first permanent employment contract in Luxembourg can receive an employer-granted bonus ranging from €2,500 to €5,000, benefiting from a 75% tax exemption. Healthcare and Insurance Luxembourg's healthcare system continued to perform well in terms of accessibility and overall health outcomes. The country is developing a Health System Performance Assessment (HSPA) framework to enhance strategic planning and policy development in the health sector. The second edition of Healthcare Week Luxembourg, held on October 1-2, 2024, brought together a record 3,000 professionals from the Greater Region's healthcare sector. The event showcased innovative projects and emphasized the importance of digital technologies and interprofessional collaboration in transforming healthcare. The government also focused on healthcare improvements, announcing a simplified reimbursement plan for hearing aids set to take effect in 2025. This change aims to make hearing aids more accessible to those in need. In the insurance sector, life insurance premiums are expected to hit record highs in 2024, according to Marc Hengen, managing director of the Luxembourg Insurance and Reinsurance Association (Aca). The life insurance market has seen a remarkable turnaround after three years of stagnation. However, the non-life insurance sector faces challenges due to the unpredictability of natural disasters and geopolitical risks. A new law modernizing the Luxembourg insurance sector came into force on April 6, 2024, bringing changes to professional and insurance secrecy regimes. Tourism and Culture Luxembourg's tourism industry flourished in 2024, with visitor spending reaching €3.756 billion in 2022, up 13% from 2021. The country's free public transport system, including buses, trains, and trams, made it easy and affordable for tourists to explore. Visa-free travel is now available for citizens of 94 countries, including the United States, Canada, Mexico, Argentina, Brazil, Eal Salvador, and Paraguay. This policy has contributed to a record-breaking 1.4 million tourist arrivals in 2023, marking a 23.54% increase compared to the previous year. Interestingly, domestic tourism saw a significant boost, with the number of stays by residents in Luxembourg increasing by 32% compared to 2019. The 'Lëtzebuerg, dat ass Vakanz!' campaign, numerous hiking trails, and the Vëlosummer initiative contributed to this growth in local tourism. The country maintained its rich cultural calendar in 2024. The European Heritage Days, held from September 27 to October 6, focused on the theme "Routes, networks and connections," highlighting Luxembourg's role in European cultural routes. The event showcased eight certified cultural routes passing through Luxembourg, including the Santiago de Compostela Pilgrim Routes and the European Route of Industrial Heritage. The Festival des Migrations, Cultures et de la Citoyenneté continued to celebrate Luxembourg's cultural diversity, featuring over 400 international stands at LuxExpo The Box. The event combined cultural exhibitions, debates, and artistic performances, emphasizing the country's multicultural identity. Luxembourg is set to host its second Luxembourg Expat Day on September 1, 2024, at the Abbaye de Neimünster. This event aims to introduce expats, their families, and friends to Luxembourg's culture, offering activities, food, and networking opportunities. Infrastructure and Urban Development Luxembourg continued to invest in infrastructure and urban development projects throughout 2024. Creos announced a €350 million project to modernize its high-voltage network, upgrading the 48-kilometer line from Aach to Bertrange by 2029. The capital city saw ongoing redevelopment work in various districts, including Place Guillaume II, Rue de Strasbourg, and the Pétrusse Valley ecological restoration project. In the realm of technology and innovation, Luxembourg made strides in various sectors. The LuxConnect site in Bettembourg was chosen to host a new EU satellite control centre as part of the IRIS² programme, reinforcing Luxembourg's role in European space initiatives. Additionally, Auchan Luxembourg introduced robots to prepare supermarket orders, showcasing the country's embrace of automation in retail. Environmental Initiatives Luxembourg remained committed to environmental sustainability in 2024. The country participated in European efforts to combat climate change and promote sustainable urban development. The Sustainable Places 2024 Conference, held in September, highlighted Luxembourg's role in advancing the built environment sector, showcasing innovative construction projects and research initiatives. Environmental concerns remained a priority, with the Luxembourg Cancer Foundation calling for a ban on vapes and nicotine pouches as part of the 'Tobacco-Free Generation 2040' strategy. The country also faced challenges related to pollution, as seen in the Goodyear incident in Colmar-Berg, where the company offered clean-up services after soot spread across a neighborhood. International Relations Luxembourg maintained its active role in European and international affairs. The country continued to support Ukraine in its conflict with Russia, with Prime Minister Frieden attending a peace conference in Switzerland. Luxembourg also reaffirmed its commitment to spending 1% of GNI on development aid, emphasizing its role in global humanitarian efforts. In September, Luxembourg welcomed Pope Francis for a one-day visit, marking the first papal visit to the country since 1985. This event highlighted Luxembourg's importance in the European religious landscape and fostered interfaith dialogue. Challenges and Future Outlook Despite progress in various areas, Luxembourg faced ongoing challenges in 2024. The housing market remained a critical issue, with the government working to increase affordability and supply. The country also grappled with the need to maintain economic competitiveness while addressing environmental concerns and social inequalities. As Luxembourg moves forward, it continues to balance its role as a small but influential nation within the European Union, adapting to changing economic, technological, and social landscapes while striving to maintain its unique identity and high quality of life for its residents. The country's focus on innovation, sustainability, and cultural diversity positions it well for future growth and development in an increasingly interconnected world. --- Join the 100k+ Luxembourg Expats community....join free on luxembourgexpats.lu

The world of AI is moving fast, very fast. So fast that it's hard to keep up-to-date. Fret not, we are tracking.  As we approach the end of 2024, the artificial intelligence landscape continues to evolve at a rapid pace. Here's a summary of the most significant AI developments from the past 10 days. OpenAI's 12 Days of AI OpenAI's "12 Days of AI" event has been the talk of the tech world. The company has been unveiling new products and features daily, including updates to ChatGPT, the introduction of Sora (an AI video generator), and improvements to the o1 language model. The event has showcased OpenAI's commitment to pushing the boundaries of AI technology and its applications. Apple Intelligence and AI Integration Apple has made significant strides in integrating AI into its ecosystem. The company launched Apple Intelligence, bringing AI capabilities to newer devices. This includes features like summarization, rewriting, and limited image creation. However, the launch hasn't been without controversy. A recent incident where Apple Intelligence generated a false headline has led to calls for the feature to be reconsidered, highlighting the ongoing challenges of AI-generated content. Advancements in Enterprise AI Salesforce announced Agentforce 2.0, representing a shift in enterprise AI architecture. The platform introduces headless agents for programmatic control, deep Slack integration for collaboration, and a revamped integration architecture. These advancements aim to reshape how development teams build, deploy, and manage AI agents in enterprise environments. AI in Recruitment and Employment The implementation of AI in recruitment continues to grow, but not without scrutiny. The UK's Information Commissioner's Office (ICO) conducted audits of AI-powered recruitment tools, finding areas for improvement in data protection compliance and privacy risk management. This has led to increased discussions about the need for responsible AI use in hiring processes. Nvidia's Continued Dominance Nvidia remains at the forefront of the AI chip market. The company's stock has seen remarkable growth throughout 2024, driven by the increasing demand for AI chips. Analysts remain bullish on Nvidia's prospects, expecting continued growth as AI computing needs expand. Google's AI Updates Google announced several AI updates, including the release of Gemini 2.0, their most capable model yet with enhanced agentic capabilities. They also introduced new AI video and image generation models, Veo 2 and Imagen 3, which have achieved state-of-the-art results in human-rated comparisons. AI in Weather Forecasting Google DeepMind launched GenCast, a new AI weather model that promises to improve prediction accuracy. This open model aims to advance the field of weather forecasting, potentially helping to safeguard lives and infrastructure from extreme weather events. Quantum Computing Breakthrough Google unveiled Willow, a state-of-the-art quantum chip that represents a significant advancement in quantum error correction. This breakthrough could have far-reaching implications for the future of computing and AI. AI Regulation and Legislation The UK government announced plans to introduce an AI Bill in 2025, signaling a move towards a more structured regulatory framework for AI. This shift comes as governments worldwide grapple with the need to balance innovation with responsible AI development and use. As we move into 2025, these developments underscore the rapid pace of AI innovation and the growing focus on responsible AI development and deployment. The coming year is likely to see continued advancements in AI capabilities, along with increased attention to the ethical and regulatory challenges posed by this transformative technology. --- Join the 100k+ Luxembourg Expats community....join free on luxembourgexpats.lu

Luxembourg's 2025 job market is shaping up to be an exciting landscape for skilled professionals, with expanded opportunities and streamlined visa policies. Here's a more detailed look at the key aspects: Emerging Professions and Salary Ranges The job market in Luxembourg for 2025 is set to feature several cutting-edge roles: - AI Ethics Specialists: €75,000 - €110,000 - Blockchain Developers: €90,000 - €150,000 - Carbon Footprint Analysts: €70,000 - €100,000 - Electric Vehicle Infrastructure Engineers: €80,000 - €120,000 - Genomic Data Scientists: €100,000 - €160,000 - Circular Economy Strategists: €80,000 - €120,000 These emerging professions complement the already in-demand roles such as: - UX/UI Designers: €70,000 - €110,000 - Cybersecurity Experts: €120,000 - €200,000 - Fintech Specialists: €100,000 - €160,000 - Sustainability Consultants: €80,000 - €130,000 Updated Visa Policies Luxembourg has made significant changes to its work visa policies for 2025: 1. The EU Blue Card salary threshold has been lowered to €58,968 annually, making it more accessible for highly skilled non-EU workers. 2. The work visa application process is being digitalized, allowing for online submissions and faster processing times. 3. The Seasonal Work Visa has been expanded to include industries like renewable energy and tourism. Job Search Resources Job seekers can explore opportunities through various platforms: - ADEM (National Employment Agency) - Guichet.lu - Jobs.lu - Moovijob (organizes recruitment events) - LinkedIn and Monster Luxembourg Economic Outlook Luxembourg's tech sector is experiencing significant growth, contributing 8% to the GDP in 2022 and expected to reach 10% by 2025. Tech employment has increased by 15% since 2020, creating thousands of new opportunities. Language Requirements While knowledge of French or German can be beneficial for career growth, many roles, especially in the tech sector, are open to English-speaking professionals. Government Support The Luxembourg government is actively supporting the growth of its job market through initiatives like the Digital Skills Bridge Program, which helps professionals upgrade their tech skills. Luxembourg's 2025 job market offers a unique blend of innovation, competitive salaries, and a multicultural environment, making it an attractive destination for skilled professionals across various sectors.

Recent and interesting updates for Luxembourg's Expats. Let's know what's happening in Luxembourg that's relevant for us. Health - Luxembourg's Growing Healthtech Scene: Luxembourg is becoming a hub for innovation in healthcare, with advancements in AI-driven platforms, digital medical devices, and secure health data exchange systems. Events like Healthcare Week Luxembourg (HWL) have fostered collaboration among healthcare professionals and tech innovators. Notable companies such as AkknaTek and Arspectra are leading in fields like ophthalmology and augmented reality for medical applications. - Clinical Research Recognition: Luxembourg recently celebrated the winners of its 2022-2024 Clinical Research Programme, highlighting the country's commitment to advancing medical research. - Influenza Cases Surge: The Health Directorate reported a 66% increase in influenza cases this season, emphasizing the importance of vaccinations and preventive measures. Travel - Tourism Surge with Visa-Free Access: Luxembourg has seen a significant rise in tourism, with visa-free access extended to 94 countries, including the U.S., Canada, and Brazil. This policy contributed to a record-breaking 1.4 million tourist arrivals in 2023. Popular attractions include the UNESCO-listed Old Town, Vianden Castle, and the Moselle Valley wine region. - Free Public Transport Expansion: Luxembourg’s unique free public transport system will soon extend to neighboring areas in France, making cross-border travel even more convenient for residents and visitors. - Pelosi's Visit Highlights Healthcare Excellence: Former U.S. House Speaker Nancy Pelosi received treatment at Hospital Kirchberg after an injury during her visit to Luxembourg for the 80th anniversary of the Battle of the Bulge. This incident underscores the high-quality healthcare available in the country. Community and Lifestyle - Christmas Festivities: The holiday season is vibrant in Luxembourg, with Christmas markets like Christkindlmarkt offering handcrafted gifts and traditional treats like Glühwein. Expats can also enjoy unique traditions such as St. Nicholas’ Day celebrations on December 6th. - Electric Vehicle Growth: Luxembourg has seen a 17% increase in electric vehicle sales this year, reflecting its push towards sustainable mobility solutions. - Charity Events: Recent charity initiatives include SOS Villages d'Enfants Monde's Gala Concert and donations by Belle Etoile shopping center to local foundations, showcasing Luxembourg's strong community spirit.

The prospect of free healthcare is becoming a significant factor for individuals considering a move abroad, particularly to European countries. A recent survey revealed that an impressive 70% of American respondents plan to take advantage of free healthcare in their target countries. This trend is largely driven by the high cost of healthcare in the United States, where nearly half of American adults struggle with healthcare expenses. While free healthcare is a major draw, it's not the only reason people choose to become expats. About 15% of those planning to leave their home country cite "adventure and personal growth" as their primary motivation. The right combination of weather, culture, laws, and language also plays a crucial role in decision-making. When it comes to healthcare systems in popular European countries, the situation varies: In the United Kingdom, foreigners without residency do not receive free healthcare, except for emergency treatment. Residents gain access to the National Health System (NHS) for an annual contribution of £1,035 (€1,207). Healthcare in France is not entirely free but mandated by law for all residents. The state's social security system, 'Assurance maladie,' provides coverage, but it doesn't cover 100% of costs. Most residents purchase additional top-up insurance. Spain's Sistema Nacional de Salud (SNS) offers free doctor appointments and treatments to citizens. Legal residents are also eligible for the system. However, private health insurance is typically required for dental, eye care, and mental health services. For potential expats, securing the proper visa is crucial to avoid complications with immigration or tax authorities. Only 21% of surveyed expat hopefuls plan to apply for skilled work visas, while over half intend to obtain a digital nomad visa or are unsure about visa requirements. As the landscape of global healthcare continues to evolve, potential expats must carefully consider their options and thoroughly research the healthcare systems in their target countries. While free or subsidized healthcare is an attractive prospect, it's essential to understand the nuances and limitations of each country's system before making the move. euronews.com/travel/2024/05/19/70-of-expats-move-in-search-of-free-healthcare-but-where-in-europe-do-they-get-it Healthcare, health, Europe, insurance, expats, Luxembourg

Luxembourg, a small yet economically powerful country nestled between Belgium, France, and Germany, has become an attractive destination for expatriates from around the world. Known for its wealth, multicultural environment, and high quality of life, Luxembourg offers numerous benefits to those considering a move. However, like any destination, it also has its downsides. This article explores the pros and cons of moving to Luxembourg, providing an authentic perspective to help you make an informed decision. Pros of Moving to Luxembourg 1. High Standard of Living Luxembourg consistently ranks among the countries with the highest standards of living in the world. It boasts a robust economy, low unemployment rates, and high average salaries. The country's wealth is evident in its well-maintained infrastructure, excellent public services, and overall quality of life. 2. Multicultural Environment Luxembourg is a melting pot of cultures, with nearly half of its population being foreign nationals. This diversity creates a vibrant, international atmosphere, making it easier for expatriates to feel at home. English, French, German, and Luxembourgish are widely spoken, reducing language barriers for newcomers. 3. Excellent Healthcare System Luxembourg offers a top-tier healthcare system, ranked among the best in Europe. The system is well-funded, and residents enjoy comprehensive health coverage through a mix of public and private providers. The country's small size also ensures that healthcare facilities are easily accessible. 4. Strong Economy and Job Market Luxembourg is a global financial hub, attracting major multinational companies and offering a range of job opportunities, particularly in finance, IT, and EU institutions. The country's strong economy provides job security and career growth potential for professionals in these sectors. 5. Safety and Cleanliness Luxembourg is one of the safest countries in the world, with low crime rates and a strong emphasis on public safety. The country is also known for its cleanliness, with well-maintained public spaces and a commitment to environmental sustainability. 6. Strategic Location in Europe Situated in the heart of Europe, Luxembourg offers easy access to neighboring countries like France, Germany, and Belgium. Its well-connected transport network, including high-speed trains and an international airport, makes it convenient for travel across Europe. Cons of Moving to Luxembourg 1. High Cost of Living While Luxembourg offers high salaries, the cost of living is also significant. Housing costs, in particular, can be prohibitively expensive, with rent and property prices among the highest in Europe. Everyday expenses, such as groceries, dining out, and services, are also relatively high compared to other European countries. 2. Limited Housing Availability The housing market in Luxembourg is highly competitive, with limited availability, especially in popular areas like Luxembourg City. Finding affordable accommodation can be challenging, and it may take time to secure a suitable place to live. 3. Language Challenges While Luxembourg is multilingual, learning Luxembourgish can be a challenge for expatriates, particularly if they plan to integrate fully into the local community. Although English, French, and German are widely spoken, Luxembourgish is often used in social and governmental contexts, making language acquisition important for long-term residents. 4. Small Size and Limited Entertainment Options Luxembourg's small size means that entertainment options can be limited compared to larger cities. While the country offers a range of cultural activities, restaurants, and outdoor pursuits, it may lack the diversity of entertainment found in major European capitals. Expats may need to travel to nearby countries for more extensive cultural and leisure options. 5. Weather and Climate Luxembourg experiences a temperate climate with mild summers and cold, wet winters. The weather can be unpredictable, and the long, grey winters may not appeal to everyone. Those coming from warmer climates might find the weather challenging to adapt to. 6. Bureaucracy While Luxembourg is known for its efficient administration, expatriates may still encounter bureaucratic hurdles, especially when dealing with residency permits, work visas, and other legal matters. The process can be time-consuming and may require patience, particularly for those unfamiliar with the local system. Moving to Luxembourg offers a range of advantages, from a high standard of living and a strong job market to a safe and multicultural environment. However, it also presents challenges, including a high cost of living, limited housing options, and language barriers. For those considering a move, weighing these pros and cons is crucial to making an informed decision. Luxembourg can be an excellent place to live for those who are well-prepared and have realistic expectations about what the country has to offer. #Luxembourg #Moving #Relocation #LuxembourgExpats #Expats #LuxembourgJobs #Jobs

On August 10, Luxembourg faced a severe heatwave, with MeteoLux issuing orange and yellow alerts as temperatures soared up to 35°C. The heatwave was expected to last until rain returned on August 13. Several traffic incidents occurred, including a mass collision on the A3 motorway injuring six people and other accidents causing significant traffic jams. On August 12, the Luxembourg Veterinary and Food Administration recalled "Urkorn Fit & Vital" vitamin bread and Ana Hop 0.4% beer due to safety concerns. Scenes of alcohol-fueled violence were reported over the weekend, leading to multiple driver's license revocations for drink driving offenses. A minor was reportedly raped at the Piccadilly Festival in Stadtbredimus, and a person was mugged in the Gare district of Luxembourg City. On August 14, STATEC forecasted a 2.3% inflation rate for 2024, with a revised estimate of 2.6% for 2025. Unions criticized "disguised" collective redundancies in the banking sector, raising concerns about job security. On August 15, Luxembourg's Ministry of Sport and the Ministry of Health and Social Security launched a new awareness campaign at the Olympics. Patrizia van der Weken was announced as the flag bearer for Luxembourg at the Olympics closing ceremony. Various cultural events took place, including the Festrogen Comedy Film Screening and Bacchusfest 2024. On August 16, the Directorate of Immigration reported 400 asylum and temporary protection applications submitted in June and July, reflecting ongoing immigration activity. Luxembourg led the EU in book reading habits, according to Eurostat. On August 17, opposition lawmakers called for a more detailed analysis of the Chamber of Deputies' Covid-19 pandemic management report. Discussions on a rental permit model and staff shortages affecting local businesses were highlighted. ---- Subscribe to Luxembourg Expats newsletter and get latest news, local businesses, discounts, events and more to your Inbox luxembourgexpats.eo.page/subscribe

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.