The Luxembourg Business Visa is one of the most sought-after visas in the world for obvious reasons. Being the richest country in the world, Luxembourg is every business person’s first option. Therefore, it is unsurprising that this country’s visa is quite popular.
But despite being a rich country, Luxembourg is accommodating of foreigners. About half of the Grand Duchy population is made up of foreigners. The current 2023 statistics place Luxembourg’s foreign population at a little over 47.2%, which translates into over 300,000 foreigners.
Furthermore, Luxembourg has many advantages for a businessperson who wants to invest there. To enter this country to do business, a foreigner not from a Schengen country needs a Luxembourg Business Visa. But apart from the visa fees and application process, specific documents are required for a Luxembourg Business Visa. In this article, we will give you all the information you need about the visa.
What is a Luxembourg Business Visa?
The Luxembourg Business Visa is better known as the Luxembourg Schengen Business Visa. A short-stay visa enables its holder to enter Luxembourg to do business. The visa is for a short stay of at most 90 days within 180 days. Also, the visa is available as a single entry, double entry, or multiple entry visa. Furthermore, because it is a Schengen entry visa, it can be used to travel to other Schengen countries.
Benefits of a Luxembourg Business Visa
Why should you get a Luxembourg Visa?
1. All the top companies are in Luxembourg. Have you ever heard of Amazon, KPMG, JP Morgan, and the rest? They all have their headquarters in Luxembourg! So, what does this mean for the businessman who wants to visit Luxembourg? It means plenty of business opportunities and the chance to meet the brains behind these successful businesses.
2. The influx of large foreign companies to the country has increased the population of young foreigners. You would be pleased to know that more than 30,000 of the foreign population is made up of young people aged between 30 and 44 years. These are major contributors to Luxembourg’s economy, and these are the people you will have the opportunity to interact with and probably improve your business model.
Are you Eligible For A Luxembourg Business Visa?
It has been established that citizens of Schengen countries and other second countries can enter Luxembourg without a visa to do business for a maximum of 90 days. Therefore, for those who must obtain a business visa to this country, check if you have the following requirements:
1. Have a valid passport.
2. Have sufficient funds to care for your expenses throughout your stay in Luxembourg.
3. Apply from your country of residence.
4. Your main aim of coming to Luxembourg must be for business activities.
5. Make Luxembourg your point of entry and the country you will spend the majority of your 90 days, even if you want to visit other Schengen countries.
6. Prove that you will return to your country of residence after your business trip.
7. Be a person of good character. You may be required to provide a police clearance certificate to prove this.
8. Have an invitation letter from the company in Luxembourg with which you will be doing business.
Requirements for the Luxembourg Business Visa
If you are eligible to apply for Luxembourg Business Visa, please put together the following documents:
1. Your Passport
1a. This must contain two blank pages for the visa stamp
1b. It must still be acceptable even after six months of leaving Luxembourg
1c. You can add old passports if you have them. You may lose your visa if you don’t do this.
2. Your Photograph
2a. It must be a recent picture of you
2b. It must be taken against a white background
2c. Your face must take up 80% of the space
2d. You must not wear glasses in the photograph
2e. You must not smile or frown. Keep a neutral expression.
3. A letter of invitation from a Luxembourg company showing the details of the visit
3a. It must bear the signature and state the authority’s position and the company’s name.
4. Registration certificate of your business
5. A cover letter addressed to the Embassy of the Grand Duchy of Luxembourg stating
5a. Purpose of the visit and its duration
5b. Source of the visitor’s funds and his basic details
5c. Cover letter must be written on the company letterhead and must also contain the seal
6. Medical Travel Insurance of 30,000 Euros
6a. It must be purchased from an accepted insurance company in Luxembourg
6b. Cover the period of your stay in the country of the Schengen Zone
6c. Must give the applicant’s details, just the way they are on the passport
7. Proof of Profession
7a. This can be a copy of your business license or an employment letter
8. Statement of Finance
8a. This can be bank statements for the past three months.
8b. It must bear the bank’s seal, stamp, and signature
8c. It must be original
8d. It must have an acceptable balance
9. Income Tax Returns
9a. This is to prove that you are a taxpayer in your country of residence
How to Apply for a Luxembourg Business Visa
Please take note of the following steps
Step #1. Book an Appointment
You need to contact the embassy of Luxembourg closest to you and book an appointment. However, suppose there is no Luxembourg embassy in your country of residence. In that case, there must be a country representative whom Luxembourg has given the authority to carry out the visa processing function. Therefore, do not be late for your appointment. In addition, expect to be interviewed on that day too.
Step #2. Fill out the Visa Application Form
Please download and fill out the form. This is the usual Schengen visa form for short stays. Also, print out the form and sign it. Ensure that you answer correctly and truthfully. Do not leave any field empty.
Step #3. Gather the required documents and submit them at the embassy.
This is the time to compile all those documents you have been gathering. First, make sure you do not omit any of them. Then, submit the Application form along with the documents.
Step #4. Pay the application fee
This is a non-refundable fee. It means that no matter the outcome of the application process, you will not get a refund of this fee. You may have to attend the visa interview on that day too. You may also have to submit your biometrics.
Step #5. Wait for the outcome
You can only hope for good news if you have submitted the required documents and paid the visa fee. Sometimes this good news may take two weeks to get to you, and sometimes it may be longer. Usually, the end justifies the means. Therefore, congratulations are in order.
Frequently Asked Questions
How much is the application fee for a Luxembourg Business Visa?
The application fee for a Luxembourg Business Visa is 80 Euros. Remember that this is a Schengen short-stay visa. Therefore, a uniform fee of 80 Euros is to be paid by foreigners from third countries.
Can I extend my Luxembourg Business Visa?
Luxembourg Business Visa is a Schengen Short-Stay Visa and extending it is impossible. However, in extreme circumstances, this can be done. For example, such situations can be the ill health of the holder, or it could also be an ongoing war in the holder’s country of residence. For these reasons, a holder can be given an extension.
Can I travel to other European countries with my Luxembourg Business Visa?
Not all European countries are Schengen countries. With your Luxembourg Business Visa, you can travel freely to other Schengen countries but not to European countries that are not part of the Schengen Zone. An example is Croatia.
Can I work in Luxembourg with my Business Visa?
It is not acceptable to work in Luxembourg with your Business Visa. This is because your visa application for business differs from the one for work. Therefore, if you want to work, you will have to apply for a work visa, which is a long-stay visa. You can apply for it when you return to your country of residence.
How long can I stay in Luxembourg after my business visa expires?
You become an illegal overstayer if you remain in Luxembourg after your visa expires. It is an offense and can make it impossible for you to return to Luxembourg later for any reason. Therefore, it is best to leave the country before your visa expires.
A Business visa to Luxembourg will allow you to do business there. And if you utilize this opportunity, you can make business contacts that will pay off sooner than you think. Also, with a Luxembourg Business Visa, you can enter the country multiple times and visit other Schengen countries. So, now that you know what documents to gather and the application process, you can start getting ready for a journey of a lifetime, where opportunities abound. Welcome to Luxembourg.