Luxembourg citizenship, now what?

[A2xTrad]

I obtained Luxembourg citizenship few years ago, I'm a business owner in a Europe country and have another business in USA.

Do you think this Luxembourg citizenship could be useful for a legit setup with my businesses or it doesn't change anything?

Thank you

 

[JohnnyDoe]

I obtained Luxembourg citizenship few years ago, I'm a business owner in a Europe country and have another business in USA.

How did you obtain it?

 

[Sols]

If you didn't previously have EU citizenship, you now have easy access to Cyprus, Malta, Ireland, Portugal, and other jurisdictions with various tax incentives.

The value of your new citizenship is relative to the citizenship you had before. Citizenship by itself is usually not a big deal, unless we're talking about sanctioned or high-risk countries.

 

[A2xTrad]

If you didn't previously have EU citizenship, you now have easy access to Cyprus, Malta, Ireland, Portugal, and other jurisdictions with various tax incentives.

The value of your new citizenship is relative to the citizenship you had before. Citizenship by itself is usually not a big deal, unless we're talking about sanctioned or high-risk countries.

I'm already citizen of another EU country, so I guess it won't be that much useful...

I was more wondering about the idea of owning a Lux company to own my other assets/companies, it that would help to be citizen, but not sure...

How did you obtain it?

Because my ancestors were from Luxembourg

 

[JohnnyDoe]

It might just help you if you want to open a bank account in Luxembourg

 

[Sols]

I was more wondering about the idea of owning a Lux company to own my other assets/companies, it that would help to be citizen, but not sure...

Won't make any difference. As JohnnyDoe said, it might help with opening of a bank account but residence and/or amount you deposit matter just as much if not more.

 

[Marshal]

I obtained Luxembourg citizenship few years ago, I'm a business owner in a Europe country and have another business in USA.

Do you think this Luxembourg citizenship could be useful for a legit setup with my businesses or it doesn't change anything?

Thank you

Congratulations! You are now a citizen of one of the wealthiest countries in the world It's a great passport to have.