PowerPoint Presentation
1
Open a SPF in LuxembourgA presentation brought to you by
StartLuxembourgFund.com
2
What is a SPF in Luxembourg? A SPF in Luxembourg is the acronym
for socits de gestion de patrimoine familial.
In English, a SPF stands for private wealth management
companies.
The SPF was created by the local authorities under a legislation
issued in 2007 on holding companies.
3
Luxembourg SPF LawThe SPF, created in 2007, was established
under the Luxembourg SPF Law, which is comprised of a more
attractive regulation framework.
The regulation allows foreign investors to register aninvestment
entitywhich will handle the management of the estate of private
individuals. It is important to mention that a SPF in Luxembourg is
not allowed to perform any commercial activities.
4
The purpose of a SPF in LuxembourgA SPF does not necessarily
refer to the assets of a family. Its name designates the fact that
private individuals can invest their wealth in this type of
investment vehicle.
Through a SPF, a person can acquire, hold or manage financial
assets.
The registration of a SPF does not require a prior approval and
our financial experts can provide more details.
5
SPF in Luxembourg Legal entities
A SPF in Luxembourg can be incorporated under one of the
following structures:
public limited company (SA);private limited liability company
(Srl);partnership limited by shares (SCA);limited partnership
(SCS);cooperative company organized as public limited company
(SCoSA).
6
The articles of association must specify that the company is
aprivate wealth management entity.
The shareholders in aLuxembourg SPFmay be resident or
non-resident individuals.
TheSPFis restricted to certain investors.
Only family groups, family offices or investment groupscan
register a SPF.
Legal requirements to register a SPF >>
7
>> Legal requirements to register a SPFA characteristic of
this type of fund is that the shareholders can only be natural
persons, who are managing their own assets.
The shareholders of the SPF do not have to be members of the
same family or related in any way.
Our team of financial consultants can offer assistance in this
process.
8
The share capital of a SPFWhen registering an investment fund as
a SPF, the applicable law states the following types of share
capital:
a minimum share capital of EUR 31,000 and at least one
shareholder are required, if theSPF is a public company;a minimum
share capital of EUR 12,500 and a maximum number of 40 shareholders
are needed, if theSPF is a private limited liability company.
9Special characteristics of SPFs in Luxembourg
TheLuxembourg SPFhas a series of special features:
the shareholders must be natural persons;
the investors must submit a declaration of eligibility;
- theshares of a Luxembourg SPFmay not be publicly traded.
10
Wealth management in Luxembourg There are numerous ways in which
foreign entrepreneurs can invest in Luxembourg.
Our team of financial representatives can offer assistance for
any aspect referring to a wide area of investment vehicles.
Investors can start a hedge fund or they can also create a
sub-fund, under a different investment strategy.
11
Thank you for your attention!
For more information please contact us at:
(+44)203-287 0408 (for international clients)
[email protected]
www.startluxembourgfund.com
