Companies & entities
Setting up an SPF in Luxembourg
The SPF (family wealth management company) is a Luxembourg structure reserved for the holding of financial assets by individuals. It may not carry on any commercial activity and benefits from a specific tax regime. The firm verifies its eligibility and handles its incorporation.
In short
The SPF (family wealth management company) in Luxembourg is a structure reserved for holding financial assets on behalf of natural persons. It may carry on no commercial activity, on pain of losing its specific tax regime. Cerno Law Firm checks its eligibility, drafts the articles and oversees its incorporation.
Responsible for legal content: Maître Cora Maglo, Avocate à la Cour, Liste I du Barreau de Luxembourg depuis 2009. · Applicable law: Luxembourg
Setting up an SPF in Luxembourg: key points at a glance
| Item | What to know |
|---|---|
| Fees | Fixed fee announced. Depending on the underlying corporate form and the complexity of the wealth involved. |
| Indicative timing | Incorporation within one to two weeks, depending on the underlying corporate form and the formalities. |
| Documents required |
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| Deliverables |
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The SPF, created by the Law of 11 May 2007, is used exclusively to manage private wealth (securities, cash, financial instruments). It is prohibited from carrying on any commercial activity and may not directly hold operational real estate.
Cerno Law Firm confirms whether the SPF is suited to your situation and oversees its incorporation and operation.
Setting up an SPF in Luxembourg: when should you call on the firm?
You wish to house and manage private financial wealth.
The SPF is subject to strict restrictions that must not be crossed.
What happens if you do nothing?
An unauthorised activity leading to the loss of the SPF regime, or the holding of prohibited assets.
Inappropriate use exposes the company to reclassification.
How does the firm step in?
Eligibility analysis, choice of the underlying corporate form, drafting of the articles of association and definition of the permitted activities.
Advice on the limits to be observed in order to preserve the regime.
Practice areas
When to call on the firm
- Manage a private securities portfolio.
- Organise the holding of family wealth.
- Separate private wealth from professional activities.
- Prepare a transfer of wealth.
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FAQ
Frequently asked questions
Who may hold an SPF?
Only individuals acting in the management of their private wealth, or wealth-holding entities acting on their behalf.
May an SPF carry on a commercial activity?
No. Any commercial activity is prohibited and results in the loss of the SPF regime.
May an SPF hold real estate?
Not directly for operational purposes; it may hold shares in companies, subject to conditions. The firm reviews each case.
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Founded in 2013; Maître Cora Maglo has been admitted to the Luxembourg Bar since 2009
- 2013
- independent firm
- 2009
- at the Bar since 2009
- 4,7/5
- 81 Google reviewsRead reviews
Expertise & authority
Ongoing review and analysis of Luxembourg and European case law
Avocate à la Cour, List I of the Luxembourg Bar since 2009
Trained at the London School of Economics, formerly at Clifford Chance and Bonn Steichen & Partners
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Every matter handled and approved by a lawyer admitted to the Bar
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Selected excerpts from public reviews. Consult the Google listing for all ratings and comments; a testimonial does not guarantee a legal outcome.
Had a consultation with Me Cora Maglo about my Luxembourg Blue Card application. She explained everything clearly: the process, timeline and documents I need, and helped me with my wife’s family reunification too. Honest and practical advice. I felt confident after talking to her.F. P.J’ai beaucoup apprécié le service de Maître Maglo : son sérieux, sa sympathie, son professionnalisme et sa disponibilité. Toujours répondu rapidement et clairement, avec des conseils pragmatiques, sans pousser à des procédures longues et coûteuses lorsqu’elles ne sont pas justifiées.N. W.Super assistance and great support! Highly recommend. All my questions were answered, Cora and her team kept me updated all the time. I will definitely reach out to them next time for my residency.T.They talk about us
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