Luxembourg offer residence permit to attract foreign investment

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Arendt & Medenach, the largest Law firm in Luxembourg has published guidance on the new group of residence permit introduced by the Luxembourg congress on February 8th this year to attract foreign investment. Foreign nationals can now obtain permits by depositing at least €20 million with a Luxembourg financial institution for a minimum of five years, or by investing a minimum of €500,000 in an existing company or €3 million in an asset management company.