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On 18 April 2024, the European Commission adopted new rules that make qualifying Indian nationals eligible more quickly for two-year multiple entry Schengen Visas. Indian nationals who were issued, and have lawfully used, at least two Schengen Visas within the three years preceding their application, are eligible to obtain a Schengen Visa that is valid for a period of two years and permits multiple entries into the Schengen Area. Upon expiry, they will be eligible to apply for a multiple-entry Schengen Visa that is valid for a period of up to five years. As previously, the validity of their passport impacts the maximum validity of the new visa (e.g., qualifying individuals who apply for a five-year visa but whose passport expires prior to the requested five years will be issued a visa that expires no later than the expiry of their passport).
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.