Living & Working in Luxembourg

How to thrive in one of the world’s most business-friendly jurisdictions. In Broadwing Recruitment’s latest contribution piece, the leading employment and placement agency discusses the benefits of living and working in Luxembourg.

Jobs in LuxembourgIntroducing Luxembourg

A highly business-oriented outlook is combined with political stability, modern infrastructure, solid and predictable banking, legislative traditions and accommodating government policies toward foreign investment – making the Grand Duchy a favourite to countless businesses and people.

Luxembourg is the second-smallest country in the EU that nevertheless boasts the highest income per person in the world. The second-largest funds centre in the world after the US offers a stable international business environment with an innovative legal and regulatory framework.

Home to 12 European institutions, Luxembourg City ranks alongside Brussels and Strasbourg as one of the EU’s key centres, holding a stable and wealthy economy – one of just ten with an AAA rating – is renowned for the strength of its financial sector, which accounts for 26.5 per cent of annual gross domestic product (GDP).

A multi-lingual portal to the EU

Working in Luxembourg has its benefits as a multi-lingual portal to the EU. About 35 per cent of the workforce is foreign, primarily commuters from neighbouring countries. This means that multilingual work environments are common, and French, German, and English are the languages of business correspondence.

Introducing Luxembourg

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Find out what financial services positions are currently open on Broadwing.

Luxembourg is affiliated with the Bologna Process and the European Higher Education Area. This means that if you have a higher education degree from EU member countries they will be recognised and helpful addition to your application.

Find the right work visa for your employees

Luxembourg recognises the importance of international talent and allows highly skilled employees from non-EU countries to apply for the EU Blue Card residence permit. This allows the holder and their family freedom of movement within the EU.

EU nationals and those from the European Economic Area (EEA) and Switzerland can work in Luxembourg without a permit for three months. For stays of more than three months, they must either:

  • Be economically active
  • Be registered as students
  • Prove they have sufficient means to support themselves and their families

Citizens from non-EU countries, including the UK from 1 January 2021, need a residence permit to stay longer than three months and must apply before entering the country. If they wish to stay on and work after three months, they will need a long-term visa.

Human resources laws when doing business in Luxembourg

Although Luxembourg’s labour laws recognise oral contracts, most employment contracts are written.

Annual paid leave is a right for all employees. New employees must work continuously for three months before taking annual leave unless allowed by their employer. This latter rule does not apply to temporary agency workers.

An employee is entitled to 26 working days’ leave a year, although companies can grant more leave through a collective agreement or an individual agreement between employer and employee.

The Luxembourg Labour Code oversees individual and collective employment relationships. Companies with at least 15 employees must have employee representatives. These have a duty to protect employees’ interests and must be kept up-to-date about business activities and employment conditions.

The Labour Code also requires employers to take measures to prevent workplace harassment.

Luxembourg’s social security system covers illness, maternity, disability, death and old age. Employers have to deduct social security contributions from employees’ gross salaries.

Luxembourg specialises in private banking, life insurance and investment fund administration. It has a large number of fintech start-ups and is seeing rapid growth in the real estate and automotive component sectors as well as the space industry.

How can Broadwing Recruitment help you relocate to Luxembourg?

Broadwing is well-positioned to relocate employees to Luxembourg. Our mission is to make the process as smooth as possible, ensuring newcomers are fully settled with a high standard of living, in no time at all.

We are committed to providing an agile and effective service to our clients and candidates. Our international network of service providers each brings their own expertise to the table, offering sound advice and the right connections to exceed expectations.

Find out what Accounting, Auditing, and Financial Services positions are currently open on Broadwing.

Browse New Vacancies in Luxembourg

Find out what financial services positions are currently open on Broadwing.

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