Guide
SPF: the family wealth management company in Luxembourg
The SPF is a Luxembourg vehicle created to manage the financial wealth of private persons. Its framework is strict: here is who it is for and its limits.
Who it is for
The SPF is reserved for managing private wealth: individuals and vehicles acting exclusively for them. It does not suit an operating company or an investment for third parties.
What it can hold
- Financial instruments, such as shares and bonds.
- Cash and accounts.
- No commercial activity, and no active management of subsidiaries.
Points of attention
- The status of the shareholders must be checked and monitored.
- The SPF's own tax regime must be analysed with an adviser.
- Filing, RBE and anti-money-laundering duties apply as for any company.
Frequently asked questions
Can an SPF hold real estate?
It depends on the legal framework and the structure. It should be analysed with an adviser before incorporation.
Can the shareholder be a foreign company?
Depending on the nature and role of the shareholder, it may be possible. It is examined case by case.
Let's talk about your structure.
Describe your situation. We reply with a first view of the way forward.