8 reasons to come and work in Luxembourg
19 March 2024
3 min read
Luxembourg is one of the safest and most desirable places to live in the world. It ranks consistently high in the quality-of-life indexes, especially for expats looking to work abroad.
Here we look at eight reasons why you should consider moving to work in Luxembourg.
1. Economic stability Not only is Luxembourg a beautiful place to call home, but it also boasts a resilient economy with low unemployment rates and a strong GDP per capita. This job and market security is vital for expats who are thinking of uprooting their entire lives and moving there, as they can be sure of the stable environment for career growth and financial security.
2. Multilingual environment Luxembourg is a very multi-lingual place to live with Luxembourgish, French, German, and English widely spoken. As well as helping to attract talent from different countries, living here also ensures a very diverse and inclusive workplace. What’s more, professionals who are proficient in at least two of these languages can expect themselves receiving very solid job offers within their fields, as they are able to easily communicate and collaborate across international teams.
3. Booming financial sector Luxembourg is known in Europe as a major hub for banking and finance, providing extensive opportunities for professionals seeking to advance their careers in areas such as asset management, private banking, and investment funds. With salaries within these sectors here being relatively high, top talent is being attracted from across the globe.
4. Abundant tax benefits Luxembourg offers attractive tax incentives for expatriates, including a relatively low-income tax rate and various tax deductions, making it an appealing destination for skilled professionals looking to optimise their earnings. This is especially attractive for a European country, with most other countries in the region operating with high tax rates.
5. High quality of life Luxembourg has world-class social, health, and educational systems, which are extremely attractive to professionals choosing to move here. What’s more, there is a strong emphasis in the country on wellbeing and work-life balance, something which translates across into the corporate world here.
6. International networking opportunities Being a multi-lingual, multi-national country, networking in Luxembourg exposes professionals to a large array of internationally renowned businesses, institutions, and professionals. As the country is small, these networks can go a long way and help foster valuable, long-lasting connections, as well as ample opportunities for career advancement.
7. Strategically located Situated right in the heart of Europe, it’s easy to travel to any of the other European business hubs from Luxembourg, serving as the ideal base for professionals to work with the rest of the region.
8. Advanced innovation and technology Rapidly emerging as a hub for innovation and technology, the government in Luxembourg is dedicated to growing the economy within this space. Companies such as the Luxembourg Space Agency and Luxembourg House of Financial Technology (LHoFT) offer professionals exciting opportunities to contribute to cutting-edge projects and industries.
If working in Luxembourg sounds like a good fit for you and your career goals, reach out to one of our team members today.
Related Articles
Top Tips for Implementing Flexible Work Arrangements in the Middle East
The concept of flexible work arrangements has gained significant traction worldwide. They offer employees greater autonomy and work-life balance. This blog post explores some tips for organisations looking to adopt flexible work policies.
Embracing Diversity in the Workplace: A Recipe for Success
Diversity in the workplace isn't just about ticking boxes or meeting quotas. It's about creating an environment where every individual feels valued, respected, and empowered. In this blog post, we'll explore why diversity matters and the benefits it brings to organisations.
Tips for Working Parents: Balancing Career and Family
Balancing the demands of a career with the responsibilities of parenting can be a challenging juggling act for many working parents. In this blog post, we'll explore some practical tips for working parents to navigate the complexities of juggling work and family life.
Crafting Inclusive Job Posts to Empower Women
Diversity and inclusion are not just buzzwords; they are essential components for fostering innovation and success within organisations. However, despite significant strides in workplace equality, gender disparities persist, particularly in specific industries and positions. In this blog post, we'll explore some actionable strategies for modifying job posts to appeal to a broader range of candidates, particularly women.