Luxembourg: New residency permits proposed, high net-worth individual investors

Luxembourg: New residency permits proposed

Measures that would transpose EU directives into Luxembourg’s domestic law could possibly position Luxembourg as an entryway for entrepreneurs and investors into Europe.

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Earlier in 2016, draft law n°6992 was introduced and would allow five types of residency permits to be implemented under the Luxembourg law—a kind of exclusive residence permit dedicated to third-country high net-worth investors, or a new “European visa” for wealthy investors.

There are expectations that the draft law could be finalized soon, but there is some uncertainty as to whether and how reservations expressed by the Luxembourg State Council would be addressed in the bill.

 

Read a November 2016 report prepared by the KPMG member firm in Luxembourg

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