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About Luxembourg - The World's richest country

Submitted by XavierJohn on Sat, 05/04/2024 - 01:06

Luxembourg is one of Europe’s least populous countries, but the residents here take pleasure in the world’s highest GDP per capita. This European country has a highly developed economy, vibrant financial sector and is also known as the home to numerous EU institutions, making it a popular destination for overseas jobs.

Overseas job seekers who wish to work in Luxembourg must have an “Authorization to stay” document and a residence permit.

Business employers in Luxembourg must prove that they have advertised their job vacancies locally and yet haven't found a suitable applicant, if they wish to hire a non-EU citizen. Therefore, you must also have a certificate from your employer to get a work visa, certifying that they have met this requirement where the certificate is provided by the National Administration of Jobs, which then should be handed over to you by your employer.

Job outlook in Luxembourg

Currently, Luxembourg has become a global centre for the financial sector. There are insurance and reinsurance companies, multiple private banks, and private asset management organizations.

Luxembourg’s work environment has been a primary choice for expats, who benefit from the low inflation, low unemployment rate, and the country’s solid growth. The foreign national workers are exempted from tax for the first 5 years.

The most in-demand occupations are listed below:

Field Gross Salary
IT EUR 6014
HR & Admin EUR 4969
Hospitality EUR 3500
Engineering EUR 4600
Finance EUR 4700
Teaching EUR 3986
Healthcare EUR 5019
Attorney EUR 5646

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