11 Reasons to move to Luxembourg
The country of Luxembourg is tucked away in Western Europe, landlocked by France, Germany, and Belgium. It is one of the smallest nations in the world for population and size, covering only 998 square miles and has a population of around 560,000.
Expats from all over the world are attracted to Luxembourg mainly because of its standard of living, colourful history, low crime, diversity and rich culture. Here are 11 reasons to move to Luxembourg.
1. Location. Location. Location.
Located in the heart of Western Europe, Luxembourg offers easy access to numerous cities around the continent.
With up to nine flights to London on many days, the financial hub of the world is only one-hour away. Paris is not even an hour away by plane and is two hours by train. Brussels is a three-hour train ride away and it takes just two hours to fly to Berlin.
2. History and amazing castles.
Luxembourggained their independent in 1839 but their roots go back even further. The first mentions of Luxembourggo back to the year 963 when under Roman rule, the fortification of the cities began.
Throughout the country the remains of a medieval history are displayed from the different museums, statutes, Casemates underground tunnels (built for the defence during the 1600’s) along with the numerous castles and in the architecture of the many towns.
Most of the castles are located in the north of the country with the three biggest castles being Vianden (pictured), Clervaux and Bourscheid.
3. Luxembourg City is like no other
While it may not have the most creative name, the country’s capital is a superb example of the juxtaposition between the old and the new, as well as the natural and man-made.
Built in the middle ages the city centre is full of small, old buildings and remnants of its medieval past. The valley in the middle of the city boasts a river surrounded by greenery.
Other parts of the city such as the financial center, Kirchberg, are home to glass skyscrapers and big avenues. The city is also the cultural heart of the country and is host to many museums, art galleries, bars, and restaurants.
4. Different cultures to experience
Already an exception in many areas, the country continues on that streak when it comes to immigration. Of Luxembourg's population – 560,000 - almost 46% are foreigners.
This allows Luxembourg to be home to many cultures, despite its small size.
Making up 16% of total population, Portuguese people are the most predominant foreign nationality; next in line are the French and the Italians. Most other foreigners are also European.
5. Parlez-vous Français? Or do you prefer English?
Most Luxembourgish people are multilingual, speaking Luxembourgish, German, French, and English. Children at state schools are taught in all four languages.
So as long as you speak one of those then you should be able to get by, although Luxembourgers always greatly appreciate anyone who makes the effort to learn their language as only about 300,000 people speak it to this day.
Luxembourgish, French, and German are the three official languages of the country, although English is considered the language of business and Portuguese is widely spoken because of aforementioned large number of Portuguese people living in the country.
6. World-class food
Luxembourg's culture centres very much on eating and drinking with the capital having the most Michelin restaurants per capita in the world.
The local food is also worth the trip: Gromperekichelcher (crispy potato fritters), Rieslingspaschtéit (meat and wine pie), Judd mat Gaardebounen (the country's national dish, which consists of pork and broad beans), Quetschentaart (plum tart) and Kachkéis (runny cheese) are all staples of traditional Luxembourgish cuisine.
Furthermore, Luxembourg is free of many chains that line the high streets of most big cities around the world. Although a few chains such as McDonald's and Pizza Hut have found their way to the country, Krispy Kreme, Chipotle, KFC, Taco Bell, and Five Guys are missing. And until January 2016, the country also remained Starbucks free!
7. And if you like beer and wine ...
Not counting the microbreweries, Luxembourg produces five beers: Mousel, Battin, Diekirch, Bofferding, and Simon, which are very popular throughout the country and widespread Europe.
They also produce a lot of wine considering the size of the country. With a few exceptions, most of the wine produced is white and sparkling or crémant as it is called in Luxembourg, as well as some specialty wines.
Luxembourg also produces some liquors that are commonly found in Europe like Mirabelle and Kirsch. The castle in Beaufort, a village to the northeast of the capital, produces a blackcurrant liquor that Luxembourgers are very fond of.
8. A true power centre of Europe
The small nation is, along with Brussels and Strasbourg the power centre of the European Union's institutions.
The European Court of Justice, European Court of Auditors (pictured), Secretariat of the European Parliament, European Investment Bank, European Investment Fund and the European Stability Mechanism are all located in the country.
The European Commission and the Secretariat of the European Parliament also have part of their buildings in the country, while the rest are located in Brussels.
The institutions along with many big companies, make for an interesting mix of people from all over the world who come together in this tiny nation and ensure the grand duchy to ate least a few people outside Europe.
9. Salaries are good
Luxembourg is the second-richest country in the world when looking at per-capita gross domestic product with an annual average of $79,593.91, although not spared by the recession it is still one of the countries in Europe where salaries are the highest.
This partly explains the large number of people from surrounding countries coming to work in Luxembourg on a daily basis but living outside the nation (more than 160,000 in 2013).
10. Easy to do business
Although small, the country is home to many International companies.
Among the most notable ones are ArcelorMittal, Cargolux, and the RTL Group. In the financial sector some of the most notable institutions are the Banque et Caisse d'Épargne de l’État, ranked as the ninth-safest bank in the world, KBL European Private Bankers and Kulczyk Investments.
11. The hiking is glorious
If all else fails to convince you, then the beautiful landscapes of the Luxembourgish countryside will appeal to your inner hiker.
From the dense and hilly Ardennes forests in the north of the country to the Müllerthal region, commonly named Little Switzerland, further south and everything in between then Luxembourg's scenery will leave you wanting more.
If you would like to find out more about moving to Luxembourg, please contact Kingpin International for a confidential discussion with a member of our expert team.
To view all of Kingpin’s current International Tax opportunities from around the globe, please view our current vacancies.