Luxembourg - Easy visa for the super-rich - November 30, 2016

A law, expected to be passed before the end of 2016, will provide non-EU nationals with a fast-track residence permit if they are rich enough. Bill 6992 will enable people originating from Russia or the Middle East to reside if they deposit 20 million euros in a Luxembourg bank, place 3 million in a shareholding company or invest 500,000 in a commercial or industrial company operating from the Grand Duchy. Critics point out that the country confirms its tax haven status with this measure.

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