Luxembourg Foundation
Key Features
Luxembourg Private Foundation |
Corporate Details |
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 |
Secretary |
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Yes |
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Yes |
Assets |
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EUR 50.000 initial assets |
|
Yes |
Founder |
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2 |
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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 |
Protector |
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Yes |
Foundation Charter |
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Yes |
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Yes |
Accounts |
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Yes |
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Yes |