Answer ... Luxembourg’s labour law governs all employee-employer relationships, regardless of whether employees are residents, EU nationals or third-country nationals. Employment agreements can be for a fixed term or an indefinite period. In comparison with other EU countries, labour law in Luxembourg offers a fair amount of protection to employees and salaries are relatively high. Fintech companies that are willing to move to or set up their business in Luxembourg should take this into account – even in the preliminary phase of the set-up or move, although the competent authority is often inclined to allow some flexibility with regard to the residence of employees during this preliminary phase.
Answer ... Several government-backed initiatives, such as the LHoFT, aim to support the creation of a talent pool to meet the Grand Duchy’s future needs for financial services, particularly in the fields of technology and innovation. Fintech companies can benefit from these initiatives upon request.
The University of Luxembourg also offers several fintech-related modules and specific programmes for students and researchers with expertise linked to the fintech industry.