Luxembourg - A family office destination and more
Due to its compelling advantages, Luxembourg has emerged as a premier jurisdiction for establishing family structures, ranging from regulated funds to unregulated entities. The jurisdiction's stability, expertise in wealth management, tax efficiency, and international accessibility makes it a favoured choice for families seeking to create efficient and secure wealth management vehicles tailored to their specific needs.
Luxembourg’s Single Family Office law: Tailored solutions for high-net-worth families
The Single Family Office law offers a robust legal framework for single family offices, catering to the bespoke needs of affluent families to run their family structures from a politically and financially stable country with a AAA-rating. The single-family office framework provides the ability to tailor financial services, investment strategies, and succession planning solutions together with Luxembourg entities, insurance, or fiduciary contracts, ensuring the effective management and preservation of family wealth for future generations.
Société de Gestion de Patrimoine Familial law in Luxembourg
By leveraging Luxembourg's wealth management laws and the flexibility offered by the société de gestion de patrimoine familial (SPF), individuals and families can navigate the complexities of estate planning, asset protection, and investment management with confidence and precision. Luxembourg's reputation as a trusted financial centre, coupled with its investor-friendly environment, positions it as a strategic hub for optimising family wealth structures and fostering long-term financial prosperity.
The SPF law, serves as a cornerstone for structuring private wealth management entities. Enshrined in the law of 11 May 2007, it creates a conducive environment for the formation and operation of private wealth management companies, focussing on preserving and growing family assets in a secure manner.
As wealth management strategies evolve and families seek to fortify their financial legacies, Luxembourg stands out as a jurisdiction that epitomises stability, expertise, and regulatory clarity. This makes it an ideal choice for setting up family structures that endure the test of time.
For more on the benefits of the SPF structure, click here to read our guide.
Our Luxembourg team can assist you with the implementation and administration of an SPF, ensuring compliance with all relevant regulations, tax implications, and specific activities outlined in our guide. Please do not hesitate to contact the author or your usual Harneys contact for expert guidance tailored to your needs.
