Working in Luxembourg

Summary: Employment opportunities particularly in the financial services sector in Luxembourg are very highly in demand from international executives and professionals.

Luxembourg sets the records for being Europe’s smallest country, one of the world’s richest countries and the European country consistently paying some of the highest salaries to professionals particularly in the financial services industry.

It’s probably as a result of the latter fact that the number of expatriates working in Luxembourg today is so high and that employment opportunities particularly in the financial services sector in Luxembourg are very highly in demand from international executives and professionals.

The financial services sector in Luxembourg embraces banking and investing as well as back office functions such as auditing and administration and is one of the largest employment sectors in the entire country.  There is a constant demand for foreign employees because the natural working population of Luxembourg is not great enough and specifically skilled enough to sustain the financial industry! 

This means that those who wish to find jobs in Luxembourg and have the skills and experience relevant for the jobs on offer should not be restricted in any way simply because they are not a resident of the country. 

Those who wish to work in Luxembourg and who are holders of an EU passport do not require a work permit to take up employment but if they decide to remain in the country for in excess of three months they have to apply to the local town hall for a residence permit.  If an individual working in Luxembourg heralds from a non-EU member state originally they will require both working and residence visas and both visas should be obtained before the individual relocates to Luxembourg.  An employer who has granted a firm offer of employment will usually assist with acquiring these visas for their employees.

Other significant employers in Luxembourg are in the steel, aluminium and also services and tourism sectors and the numbers of international professionals in the financial services sector in Luxembourg has actually fallen in recent years as a direct result of the impact of the EU Savings Tax Directive which has seen a number of financial institutions relocating or downsizing in Luxembourg.

Those seriously interested in working abroad in Luxembourg and benefiting from the excellent standards of living, first class education and health care facilities and one of the lowest crime rates in the whole of the EU should consider sending CVs or resumes along with a covering letter explaining the nature of the position they are seeking in Luxembourg to international requirement companies.  Other ways to find work in Luxembourg include travelling to the country and networking, contacting potential employers directly, searching online for jobs in Luxembourg or getting hold of local and trade newspapers which list job vacancies in the country.

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