Valsen Corporate

Luxembourg Foundation

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