News | MOYAL & SIMON

Court of Justice of the European Union - Photo by Verhalenhuys

Immigration: new restrictions on residence permits for personal reasons

20.06.2023

The Act of April 21, 2023 amending the amended Act of August 29, 2008 on the free movement of persons and immigration was published on May 8, 2023 in the Mémorial A 228 (hereinafter the “Act”).

Among other things, the Law structures the various categories of removal measures, with a view to better management of the phenomenon of illegal residence of third-country nationals on Luxembourg territory, and modifies the system of detention of such nationals.

The law also sets out a significantly more restrictive framework for granting residence permits for private reasons, as summarized below:

Need to have a link with Luxembourg, the European Union or the Schengen area
Source of financial resources
Investment visa progra

Unlimited access to the Register Of Beneficial Owners ruled invalid

22.11.2022 PAPERJAM

The Court of Justice of the European Union has just published a ruling invalidating the provision of the EU Anti-Money Laundering Directive that makes information on the beneficial owners of companies publicly available. A victory for those who had opposed the RBE in Luxembourg.

MOYAL & SIMON advise customers of ABLV Bank

22.11.2019

On 2 July 2019, the District Court of Luxembourg announced the judicial liquidation of ABLV BANK Luxembourg S.A. (hereinafter “ABLV”). ABLV had been targeted by US financial authorities and the ECB on suspicion of improper dealings. ABLV was accused of being heavily involved in money laundering activities.