Thursday, 04 April 2019 00:00

Ask the Experts - Update on Insurance, Tax and Immigration Aspects for Expats living in Luxembourg

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(From left to right): Jerome Wiwinius, Head of Corporate Sales , LALUX; Sylvie Leick, Partner, EY; Dirk Dewitte, President of ChinaLux, ChinaLux; Philippe Schmit, Partner, Arendt & Medernach

On 4th of April 2019, ChinaLux hosted the event "Ask the experts: Update on Insurance, Tax and Immigration aspects for Expats living in Luxembourg" at LALUX Auditorium in Leudelange. Three Experts respectively from LALUX, EY and Arendt & Medernach were invited.

This event is Chinalux first event targeting at the Expats communities in Luxembourg. The objective was to inform our guests about insurances, Taxes and Immigration opportunities.

ChinaLux's President Mr. Dirk Dewitte started the event by a welcome speech with special thanks to our Golden sponsor Lalux and Sliver Sponsor Arendt &Medernach.

Head of Corporate Sales at Lalux Mr Jérôme Wiwinius continued his speech concerning what insurance needs expats face in Luxembourg. Jérôme dedicated his attention on 3 main insurances on the market: Life insurances, non-life insurances and health insurances.. Afterwards, he focused his presentation on pension and life insurance and their tax advantages with details. He gave some key figures, how many workers are they in Luxembourg, how many foreigners and cross boarder workers. He also described the 3 pillars as follows: The Social security, Occupational pension scheme and finally the personal contracts.

After Jérôme's speech, Ms Sylvie Leick from EY presented some general information in relation to the preparation of Luxembourg income tax return. Moreover, her speech covered several aspects of taxes and more precisely: the tax residency and concepts (who is implicated in this tax and criteria), the different tax classes (married, single, divorced taxpayers, and so on), the types of income (rental, employment, self-employment,…), tax return (special expenses & extraordinary expenses) and finally tax rates with the filling formalities for the income.

Mr. Philippe Schmit from Arendt & Medernach finalized the presentation with the topic immigration opportunities for investors. He gave a technical overview which explained the application for the residence permit, and he suggested 3 different investor immigration scenarios. He also mentioned the private reasons for immigration, what applicants should prove for staying, how long the permit is available and what practical considerations should be taken.

After Philippe's speech, the President thanked all the speakers and proceed to the panel discussion, moderated by himself. The audience, after the panel discussion, animated the Q&A session.

Dirk finally thanked all the participants and the audience for their presence. At the end of the seminar, guests were delighted by a networking cocktail offered by Lalux.

Read 264 times Last modified on Friday, 31 May 2019 14:41