Luxembourg: The domicile of choice for financial services - Alfi

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III. a business friendly environment 4. Telecommunications and Internet The telecommunications industry in Luxembourg is deregulated and extensive deployment of electronic networks has allowed healthy competition between operators, with modern fibre optic and cable connections available throughout the country. A central position in Europe, a stable economy and low taxes make Luxembourg the ideal gateway to European telecommunications markets. Several providers connect Luxembourg to major European data hubs and over 10 regulated data centre operators are based in Luxembourg. Internet Data Interchange – Top Ten Luxembourg ranks 2nd worldwide in the International Telecommunications Union ICT Development Index and 8th in the Global Broadband Quality Study 2009 by the University of Oxford and the University of Oviedo. 1 1 Source: ITU, Global Report, 2009 14
Immigration The new immigration law that came into force in 2008 significantly simplified procedures with regard to entry, residence and working requirements for non-nationals in Luxembourg. Entry and residence requirements for citizens of the European Union (EU), the European Economic Area (EEA) and Switzerland (1) differ from those for citizens of other countries (2). 1. Entry and residence requirements for EU, EEA and Swiss nationals and their family members EU, EEA and Swiss nationals are allowed to enter and stay in Luxembourg for a period of up to three months on simple presentation of a national identity card or valid passport. Any of their family members who are not EU nationals have the right to enter and stay for a period of up to three months on presentation of a valid passport and visa where required. EU, EEA and Swiss nationals can stay for more than three months if they can show that they are self-employed or employed, students, or provide evidence of sufficient resources for themselves and their family members as well as of adequate health insurance. They must register at the local town hall within three months of their arrival in Luxembourg and are immediately issued with a document confirming registration. Family members of EU, EEA and Swiss nationals who are not EU nationals must apply for a residence card at the local town hall. The card is issued by the Immigration Directorate of the Ministry of Foreign Affairs. EU, EEA and Swiss nationals as well as any of their family members who are non-EU nationals have free access to the labour market. However, the restrictions provided for in the Accession Treaty mean that nationals of Bulgaria and Romania, as well as any family members who are third-country nationals, still need to obtain a work permit during the first year after accessing labour market. 2. Entry and residence requirements for non-European nationals 2.1. Entry Non-EU nationals entering Luxembourg must meet the conditions defined in the rules governing the Schengen Area. The Schengen Area comprises 25 EU Member States, 1 Switzerland, Norway and Iceland. Ireland and the United Kingdom are currently the only EU Member States to have negotiated an opt-out. The Schengen Area operates very much like a single country for international travel purposes, with border controls for people coming in and out, but no internal border controls. Non-EU nationals must have a valid passport and, in some cases, a visa. A complete list of the countries whose citizens need a visa may be found on the website of the Ministry of Foreign Affairs (www.mae.lu), together with information about required documents. Non-EU nationals may be refused entry on the grounds of records in the Schengen Information System (SIS), if they have previously been refused entry or if they are a threat to public security or health. They must show the reasons for their visit and evidence of sufficient resources for their stay and return, as well as of adequate health insurance. These conditions apply regardless of the length of their stay. 1 Bulgaria, Cyprus, and Romania have not yet implemented the Schengen Agreement into national law, but are required to do so. 15
Page 1 and 2: your guide luxembourg: the domicile
Page 3 and 4: table of contents I. Contacts 4 II.
Page 5 and 6: Luxembourg Stock Exchange (Bourse d
Page 7 and 8: Luxembourg is conveniently located
Page 9 and 10: EU institutions and agencies headqu
Page 11 and 12: Tax 1. Personal Income Tax Personal
Page 13: 2. Office Space Steady growth in de
Page 17 and 18: Labour, Healthcare and Pensions 1.
Page 19: IV. high standard of living A Cosmo
Page 22 and 23: Club, the Kikuoka Country Club, the
Page 24 and 25: ALFI ALFI (Association of the Luxem
Page 26 and 27: Authorisations by domicile 2.1% 2.5
Page 28: October 2010 alfi | association of

Luxembourg: The domicile of choice for financial services - Alfi

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