Luxembourg Private Foundation

Foundations in Luxembourg are separate legal entities without members or shareholders, established to reflect the wishes of the founder, who may be an individual or a corporate entity. These wishes are contained within the Foundation’s Charter and Regulations. Foundations in Luxembourg can be established for a fixed or indefinite period of time and can be used for charitable, commercial or family purposes.

Key Features

Luxembourg Private Foundation

Corporate Details

General

  • Legal System

Common Law/ Civil Law ( Hybrid)

  • Language

English

  • Time to Establish

1-3 Days

  • Registered Agent and Office

Yes

  • Foundation Legislation

Luxembourg Foundations Act

  • Type of Entity

Private Foundation

  • Taxation

Yes on Income Tax

Secretary

  • Requirement

Yes

  • Resident Secretary

Yes

Assets

  • Minimum Requirements

EUR 50.000 initial assets

  • Beneficial Owner

Yes

Founder

  • Minimum No Founders

2

  • Nominee

Yes

  • Qualifications 1

An Individual or Legal Entity

  • Qualification 2

Beneficiary but not a sole Beneficiary

Foundation Council

  • Minimum No of Councillors

2

  • Qualifications 1

Founder may be a Councillor but not the sole Councillor

  • Qualification 2

May be natural persons or legal entities

  • Publicly Accessibility

No

Protector

  • Requirements

Yes

Foundation Charter

  • Requirements to Prepare

Yes

  • Public Accessibility

Yes

Accounts

  • Requirements to Prepare

Yes

  • Requirements to file accounts

Yes