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  • Nanjing Techweek @ Luxembourg

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    On Tuesday afternoon, Luxembourg's Chamber of Commerce hosted an event within the auspices of the Nanjing Techweek @ Luxembourg event, during which a Memorandum of Understanding was signed regarding the Nanjing-Luxembourg Overseas Coordination Innovation Center.

    Nanjing, the capital of the Jiangsu province, is located 300km inland from Shanghai and has a 2,600 year history and has a booming tech industry.

    Carlo THELEN, Director General of Luxembourg's Chamber of Commerce, referenced historical links between China and Luxembourg. He mentioned that Luxembourg has attracted seven Chinese banks as well as fund companies, etc., from China, in addition to other industries. He stated "Innovation is the key to success and Luxembourg is a key position". He referenced the ICT Spring 2-day event which started today in Kirchberg and which addresses sectors including AI, FinTech and Space, with China as Country of Honour. He stated that, in November, Luxembourg will visit China on a trade mission and will try to include Nanjing in that itinerary. He mentioned that Nanjing served as the capital of various Chinese dynasties, etc., in the past.

    HE Changoing HUANG, the Chinese Ambassador to Luxembourg, welcomed the Nanjing delegation and thanked Carlo Thelen and the Chamber of Commerce for hosting the delegation.

    Daniel DA CRUZ, Director General for Foreign Trade and Investment Promotion at Luxembourg's Ministry of the Economy, was representing Deputy Prime Minister and Minister of the Economy, Etienne Schneider, described the economic relations between China and Luxembourg as excellent and referenced AI, space and other sectors offering innovative opportunities for companies from both countries in the future. He described Luxembourg as both efficient and effective, being located in the middle of Europe. He referred to the Belt and Road initiative signed in March 2017. He described Nanjing as a hub that it is innovative and offers ample room for cooperation, with Luxembourg companies going to China to apply their products, with Chinese start-ups being innovative in adopting new ideas. Working hand-in-hand to identify promising projects and promoting exchanges will lead to future collaboration.

    Dirk DEWITTE, President of the China-Luxembourg Chamber of Commerce, welcomed the Nanjing delegation and stated that he intends to accept to offer to visit Nanjing in June. He described the itinerary of the delegation being very intensive and thanked all those for helping ensure it were off smoothly. From a cooperation and business development perspective, the business sectors of Nanjing and Luxembourg are similar, with both being innovative with people thinking "out of the box" to see what can be done differently.

    The keynote address was presented by HE Zhihong ZHU, Secretary of the Luhe District Party Committee of Nanjing, on "Innovative Nanjing". He spoke in Chinese, with an interpreter translating into English. He explained the aims of the Nanjing TechWeek in Luxembourg and confirmed that they have built a 1.2 km2 fast-developing high-tech park in Nanjing, on of 15 such initiatives in and around the city, each focussed on different business sectors. He also stated that they have created a good ecological environment for innovation. He concluded by stating that Innovation and Cooperation lead the future.

    The event concluded by the signing of a Memorandum of Understanding regarding the Nanjing-Luxembourg Overseas Coordination Innovation Center, before a networking reception for the 75+ attendees present.

    Source: Chronicle.lu

    Written on Wednesday, 22 May 2019 15:46 Read 74 times
  • CHINALUX 2019 Extraordinary General Meeting

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    On April 25 2019, ChinaLux welcomed its Extraordinary General Meeting at “La Biscuiterie by Goeres”. The year’s EGM was to vote on the amendment to ChinaLux Statutes.
    Nearly a hundred of members were present to this event. Together with the received proxies in advance, 121 Members were present or represented out of 180 members registered with the chamber. The chairman then put up for vote the above-described amendments to the Statutes of the Chamber, which were accepted unanimously by the Members present and represented.


    This meeting was followed by a wine-tasting session provided by In Vino Gildas, where our guests were able to taste some cheese and discover wines from three foreign countries: Italy, Spain and Argentina.


    Do not forget our upcoming event the AGM on June 2019, stay tuned for more information.

    Written on Thursday, 25 April 2019 00:00 Read 179 times
  • 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.

    Written on Thursday, 04 April 2019 00:00 Read 202 times

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