Open a Special Limited Partnership in LuxembourgUpdated on Friday 10th June 2016
Rate this article
based on 2 reviews
based on 2 reviews
Foreign investors who want to invest in Luxembourg should know that this financial market is one of the most stable financial markets in the European Union. Businessmen can opt to establish a special limited partnership (also referred to as limited partnership), which is a type of legal entity that was created for the needs of managers with business activities in the field of private equity or real estate investment. The legislation has been introduced in 2013 and it aimed at improving tax provisions imposed to the investment businesses; our team of experts in Luxembourg can provide more details on this subject.
Special limited partnership in Luxembourg
It is important to know that the special limited partnership (SLP) does not have a legal personality and that it offers a more secure environment. The SLP in Luxembourg refers to a partnership which can be established for a determined or undetermined period of time by one or more business partners; the partners can have unlimited or joint liabilities related to their partnership, while other partners can have limited liabilities which take into account only the amount with which the investors have contributed to the partnership’s capital.
The assets of the partnership will be registered in the name of the SLP; our financial consultants in Luxembourg can offer more information related to the SLP’s assets.
Registration of a SLP in Luxembourg
A SLP is registered at the Trade Register in Luxembourg; in terms of accounting matters, the SLP is required to file only several accounting information, regardless of the financial results of the SLP.
An important aspect is that a SLP in Luxembourg allows the registration as a Specialized Investment Fund (SIF) or Undertakings for Collective Venture Capital Investments (SICAR); if the investor will choose to register one of the above mentioned funds as a SLP, the main regulatory body to which the partnership will comply to will be Commission de Surveillance du Secteur Financier (CSSF).
If you need further information on the special limited partnership in Luxembourg, please contact our team of financial experts for assistance or legal representation.