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ARTICLE · 15 NOVEMBER 2011

Luxembourg To Amend The SPF Law

A draft bill to amend the law of 11 May 2007 on the Luxembourg « SPF» has been introduced on 15 July in order to comply with the principles of both the Treaty on the Functioning of the European Union and the Agreement on the European Economic Area (EEA).

LuxembourgTax

A draft bill to amend the law of 11 May 2007 on the Luxembourg « SPF» has been introduced on 15 July in order to comply with the principles of both the Treaty on the Functioning of the European Union and the Agreement on the European Economic Area (EEA).

As a replacement for the traditional Holding 1929 companies, a law establishing a new private asset management vehicle – the Société de gestion de Patrimoine Familial («SPF») - was passed by the Luxembourg Parliament.

The current SPF regime

Drafted to answer the needs of private investors, the law on the creation of the SPF was passed by the Parliament on 11 May 2007 ("The SPF Law") and aimed at establishing a legal framework for the management of private assets.

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