September 26th, 2023 at 07:31 am
How to Get a Job and Work in Luxembourg | Luxembourg Work Visa
Working in Luxembourg has long been an appealing choice for expats seeking to capitalize on the country’s low unemployment rate, low inflation, and robust growth. The country’s overall economic performance suffered as a result of the Global Financial Crisis.
However, Luxembourg’s public debt remains smaller than that of practically every other European country, and the country is rapidly recovering from the crisis. Unemployment, on the other hand, is becoming a minor issue, especially for people with a university degree, trade qualification, specialized skills, and/or extensive work experience.
Luxembourg’s Economy: As Robust as Steel
While Luxembourg may be the green center of Western Europe, expats primarily profit from the country’s robust, high-tech-driven service economy and the recently implemented special tax breaks for expats working in Luxembourg.
The Luxembourg steel industry saw a huge boost at the beginning of the twentieth century, becoming one of the key driving forces of the country’s GDP. Today, the iron and steel industry accounts for less than 7% of the whole economy. ArcelorMittal, the world’s largest steelmaker, is still headquartered in Luxembourg. The financial services and technology sectors have grown to become dominating. Luxembourg’s financial sector is rapidly expanding, with over 150 institutions and a large number of national and international staff.
Working in Luxembourg is an appealing alternative due to the country’s outstanding telecommunications infrastructure, economic stability, and proximity to other European financial hubs, particularly for high-paying, professional, international positions in English, French, and German. Furthermore, the country is taking steps to diversify the service sector, creating even more job prospects.
The world’s second-richest country
Luxembourg’s total domestic product (GDP) is 56.58 billion US dollars, making its GDP per capita the second highest in the world, behind only that of Qatar. The microstate in Europe is immensely wealthy. Even though its diverse economy has always been strong in the fields of manufacturing and banking, it is fast promoting itself as a technology hub and data center location. This is happening in spite of the fact that its manufacturing and banking sectors have traditionally been strong.
Skype and Amazon are only two examples of firms that call Luxembourg their European headquarters and are headquartered there. This, in addition to Luxembourg’s wealth, may have some connection to the country’s extraordinarily liberal and opaque tax regulations, which make it a tax hideaway for Europe’s wealthiest individuals and businesses. These policies make Luxembourg a tax haven.
In addition, foreign investors are given a kind welcome in Luxembourg, particularly in the medium-, light–, and high-technology sectors of the economy. Also, In order to entice potential investors, the government provides a number of tax breaks, decreases in the price of manufacturing equipment, and financial incentives for building new businesses. In addition to the industries that were just covered, the agricultural sector of Luxembourg, which is relatively small but extremely productive, employs 1.3% of the country’s workers. The state of the economy was in a state of crisis from 2007 until 2014, which contributed to an increase in the unemployment rate to a rate of 7.2% by the end of 2014. Despite this, the economy is showing signs of improvement, as evidenced by the decrease in the jobless rate to 6.9% in 2015.
Job Search in Luxembourg: A Lot of Support Available
If you intend to live and work in Luxembourg and believe you may require support with your job hunt, you should register with the Agence pour le développement de l’emploi (ADEM). Its advisers can help and support you in your search for a new career in Luxembourg. You may only register as a job seeker as a foreigner if you meet the following requirements:
- having a legal address in Luxembourg
- do you have a social security number?
- meet all of the requirements for “exercising professional activities” in Luxembourg (including a residency permit)
- are eager to work and willing to take any suitable employment offer
ADEM has offices in Luxembourg, Diekirch, Differdange, Dudelange, Esch-sur-Alzette, Wasserbillig, and Wiltz. You can sign up at the one nearest to your residence.
If, on the other hand, you do not satisfy the aforementioned requirements or if you are looking for greater flexibility in your job search, you should consider contacting recruiting agencies. You have the option of signing up with the Union Luxembourgeoise des Entreprises de Travail Intérimaire, which maintains a directory of various employment agencies. Word of mouth is frequently a good strategy for conducting your job search, particularly in a country as small as Luxembourg.
Use your network of people who are now living abroad to hunt for new job opportunities that have not yet been made public. Even if your expat friends are unable to help you get a job in Luxembourg, they should still be able to provide you with a wealth of information regarding the working environment, legal requirements, and career opportunities in the country.
Another way to make your dream of working in Luxembourg a reality is to do an internet job search. There are numerous popular job search engines that might assist you in finding a job:
Of course, while modern job search methods are beneficial, expats who plan to work in Luxembourg should not overlook the old-fashioned newspaper job search. Examine your local newspaper’s classifieds pages as well as their internet classifieds. The following are the most important newspapers:
Furthermore, the Hobsons Benelux Move-Up Career Guide is useful for people who plan to work in Luxembourg. It is available in several languages and is an excellent resource for expats residing in the BeNeLux (Belgium, Netherlands, and Luxembourg) countries.
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UNDER NO CIRCUMSTANCE SHOULD AN APPLICANT PAY MONEY TO ANYONE IN GETTING A JOB WE HAVE PUBLISHED