Luxembourg is, more than ever, an interesting place to become resident due to its beneficial income tax regime for high net worth individuals, highly skilled expatriates, and the possibilities of establishing an effective family office.
In a new survey from the living abroad portal InterNations, the specialist in expat life confirms this fact and reveals that the Grand Duchy is ranked in the top three destinations for work and life satisfaction.
Many individuals have already made the decision to relocate to Luxembourg for several reasons including:
Luxembourg is in the centre of Europe and very accessible by major transport routes.
State rating is AAA and the predictability of tax legislation is one of the best in the world.
Price of real estate is cheap when compared to other major cities.
Child friendly.
Bank secrecy for resident individuals.
No wealth taxes and the inheritance tax is nil in direct line.
Capital gains on financial assets (investment portfolio) are not taxable.
Interest income enjoys a favourable flat tax treatment of 10%.
Step up in value on participation upon transfer of residence.
Many entities or structures can be put in place and reduce the tax liabilities for HNWIs or Family Office.
The VAT rate is still one of the lowest in Europe.
Moreover, Luxembourg offers businesses and entrepreneurs a range of interesting financial vehicles such as SOPARFI holding companies, private wealth management companies, securitisation companies and real estate companies. There are also numerous attractive opportunities presented by the Grand Duchy's intellectual property, and research and development laws.
Creatrust assists corporate clients, family offices and high net worth individuals to establish in Luxembourg and achieve their goals or relocation. Order a brochure to find out more, including information about the benefits of becoming resident in Luxembourg.
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