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
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Luxembourg Private Foundation |
Corporate Details |
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General |
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Common Law/ Civil Law ( Hybrid) |
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English |
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1-3 Days |
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Yes |
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Luxembourg Foundations Act |
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Private Foundation |
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Yes on Income Tax |
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Secretary |
|
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Yes |
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Yes |
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Assets |
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EUR 50.000 initial assets |
|
Yes |
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Founder |
|
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2 |
|
Yes |
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An Individual or Legal Entity |
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Beneficiary but not a sole Beneficiary |
|
Foundation Council |
|
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2 |
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Founder may be a Councillor but not the sole Councillor |
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May be natural persons or legal entities |
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No |
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Protector |
|
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Yes |
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Foundation Charter |
|
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Yes |
|
Yes |
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Accounts |
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Yes |
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Yes |