Sociétés de gestion de patrimoine familial (family holding - SPF)

• Law of 11 May 2007
• Investment vehicle for natural persons as a framework for managing private assets
• SPFs may not exert any influence on the management of companies in which they invest
• Direct investment in property not possible
• GmbH, AG, KGaA, 'Genossenschaft als AG' [cooperative as public limited company]
• Capital transactions tax of 0.5% of the invested capital
• Taxe d'abonnement (flat rate) 0.25%, minimum 100 EUR, max. 125,000 EUR p.a.
• No taxation of dividends of the SPF in Luxembourg - possibility of accumulating capital