Sandwiched between Germany, France and Belgium, Luxembourg is one of the European "tax havens". Whilst mega-rich Liechtenstein is probably the most difficult country to gain access to, its neighbour Luxembourg does not make it easy either. However, last week the Luxembourg cabinet gave the go-ahead to a project that will see significant changes in Luxembourg's naturalisation laws.
The proposed reform will cut the required residency period from 10 years to five years and applicants for Luxembourg citizenship will no longer have to master Luxembourgish, the everyday language of locals, but must have a command of one of the three official languages of the country - French, German or Luxembourgish.
However, Prime Minister Jean-Claude Juncker has said that there are no plans to include dual citizenship into the reform so that anyone taking up citizenship must surrender their other nationality.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment