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.

English: http://www.wort.lu/en/politics/new-law-luxembourg-to-offer-easy-visa-for-ultra-rich …  

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.eu. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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