SPF Fund in Luxembourg
The purpose of an SPF is purchase, hold, manage and sell financial assets for the benefit of one or more beneficiaries. It is forbidden to engage in commercial activities.
The founder of the fund can be a natural person or a legal entity. The founder can be a director and beneficiary of the fund.
The shareholders of the fund are mainly individuals, except for wealth management companies, which act for the benefit of individuals (trust, foundation).
Organizational and legal forms of an SPF company:
- Public limited company (SA)
- A private limited liability company (SARL)
- Partnership with limited liability (SCA).
The SPF fund may invest in the following asset classes:
- Financial instruments of any type (stocks, bonds, options, securities).
- Cash, currency or any other assets held in a bank account with a financial services professional or similar entity.
SPF may not own real estate directly, but may own a share in a company owning real estate.
Having a registered office in Luxembourg is mandatory.
The minimum share capital for SA and SCA companies is 30,000 euros.
The minimum share capital for SARL companies is 12,000 euros.
Taxation:
SPF is subject to favorable tax treatment and exemption from corporate income tax, municipal business tax and net worth tax. The fund pays subscription tax at a rate of 0.25% of paid-up share capital.
Timeframe: 2-4 weeks.
After opening a bank account for the payment of the share capital, one can proceed with the registration of the foundation.
Stages of fund opening in Luxembourg:
- Selection of a name for the SPF.
- Selection of the legal form in which the fund will be registered.
- Opening of a bank account for the depositing of the share capital.
- Payment of share capital.
- Preparation of the package of constituent documents.
- Registration of the company (can be registered by power of attorney).
- Meeting with the notary in Luxembourg.
Reporting:
Keeping internal accounting records of the foundation is mandatory. There is no requirement to file financial statements. The annual accounts of the company are usually subject to audit.
Ready-made companies with bank accounts
Or you've already got own business and there is a need to expand the scope of activities. To avoid the loss of time and effort to register juridical individuals, you can arrange a ready-made company. You will have a fully prepared company with a package of documents, which is mandatory for conducting a full-fledged activity.
Companies with licenses
Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.
Banks
Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.
Funds
Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.
SEMI for sale
When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.
Crypto Offshore
When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.
