Luxinnovation is a key partner for companies looking to engage in innovative activities in Luxembourg or aiming to expand their business at the international level.
This City's Cases
Settling as a founder
All nationals of European Union (EU) member states or of countries treated as such are entitled to free circulation within the EU, giving them the right to work and live anywhere in the EU. The following countries are assimilated to the European Union member states:
- Iceland, Liechtenstein and Norway as signatories of the European Economic Area (EEA) Agreement;
- the Swiss Confederation.
For more information
- Visit our page ‘Staying and/or working in Luxembourg for more than 3 months as an EU citizen’ on the Citizens’ Portal, the administrative guide of the Luxembourg state;
- Consult our page ‘Migrating to Luxembourg’
- Get more information via EURES, the European Job Mobility Portal.
Third-country nationals need an authorisation to stay (autorisation de séjour), followed by a residence permit (titre de séjour), in order to work in the Grand Duchy. For more information on what to do to enter the Luxembourg employment market as a third-country national, please visit:
- Get more information on the Citizens’ portal about the necessary procedures to complete in order to stay in Luxembourg for longer than 90 days.
- Consult our page ‘Migrating to Luxembourg’.
The Luxembourg Cluster Initiative
Managed by Luxinnovation, fosters innovation, business development and cross-sector cooperation. With a particular eye on international collaboration, growth and market success, the goal is to strengthen the competitiveness of the cluster members and, ultimately, the economy of Luxembourg.
Are you ready to create your own innovative company? Are you interested in what Luxembourg may have to offer you? Luxinnovation offers expert and personalised support for innovative start-ups. Find the start-up package that works best for you.
Accelerate your business
Do you think your SME would benefit from tailored-made support, especially when seeking financing? Luxinnovation offers expert and personalised support for all your innovation activities. Discover the services we provide for companies.
Access to capital
The start-up financial cycle includes several phases and different types of investors: the founders themselves, family and friends, business angels, venture capitalists, etc. The first development phase is often financially challenging for innovative start-ups that in many cases require substantial investment in R&D and prototyping. Several financial aids and loan forms exist in Luxembourg to help start-ups overcome their initial financial hurdles.
The start-up/takeover loan granted by Société Nationale de Crédit et d’Investissement (SNCI) is destined to encourage new entrepreneurs to start up or to take over small and medium-sized enterprises (SMEs).
The loan is intended for recently incorporated or bought out SMEs, regardless of their legal form, and which:
- have a valid business permit issued by the Ministry of the Economy
- can present a business plan and a financing plan evidencing a funding from the beneficiary of at least 15% of eligible costs
Already established entrepreneurs as well as companies that do not need an authorisation from the Ministry of the Economy may not benefit from the start-up loan. Established entrepreneurs can, however, benefit from a takeover loan in the context of a business transfer.
Types of loan
A start-up loan ranges between €5,000 and €250,000, without exceeding 40% of the eligible costs. Investments that have benefited from a start-up loan may not be taken into account for an investment loan from the SNCI. The duration of the loan is generally 7 years, although the duration can be extended for project devoting more than 50% of their eligible costs to fixed assets. The applicable interest rate varies according to the general evolution of market rates.
The loan is disbursed in full in a single instalment immediately after the financing plan has been concluded. Repayment is in principle done by constant quarterly instalments. Early reimbursements may be made without penalties or fees. No real collateral will be required, but a personal, solidary and indivisible declaration of surety is required.