I'm a US citizen pursuing recognition of Luxembourg citizenship under Article 7.
Since they are a EU member this would allow me to obtain a EU passport.
I clearly qualify under article 7 and this seems like a no-brainer given the costs.
There are a number of consultants that assist with this and I'm looking at $195 (my sister is taking the lead and her cost is $400 or so).
It can be done completely DIY but given these costs I have no interest in that route.
So assuming I obtain Luxembourg citizenship and an EU passport, are there any significant financial pros or cons in doing so?
The ability to travel more freely within EU countries and stay as long as I would like are the main appeals to me.
Just wondering if there are any significant financial advantages or risks to doing this?
I'm retired so not interested in employment opportunities.
Since they are a EU member this would allow me to obtain a EU passport.
I clearly qualify under article 7 and this seems like a no-brainer given the costs.
There are a number of consultants that assist with this and I'm looking at $195 (my sister is taking the lead and her cost is $400 or so).
It can be done completely DIY but given these costs I have no interest in that route.
So assuming I obtain Luxembourg citizenship and an EU passport, are there any significant financial pros or cons in doing so?
The ability to travel more freely within EU countries and stay as long as I would like are the main appeals to me.
Just wondering if there are any significant financial advantages or risks to doing this?
I'm retired so not interested in employment opportunities.
Statistics: Posted by MnD — Thu Dec 21, 2023 9:43 am — Replies 1 — Views 98