On 19 July 2006, the European Commission (EC) announced that the Holding 1929 Company violated Article 87 EC treaty on state aid rules and distorted competition. In response, Luxembourg drafted the Law of 11 May 2008 or SPF Law that introduces the Private Wealth...
On 7 January 2022. the European Commission approved a draft regulation including the Cayman Islands to its list of countries categorized with strategic deficiencies in their anti-money laundering and “know your client” regimes. Under Article 4 of the EU Securitization...
There are many instances wherein an individual can benefit from organizing a crucial portion of their patrimony in a structure with a unique legal personality. This includes succession planning, asset protection, wealth preservation, and the organization of management...
Luxembourg is landlocked country enjoying a host of benefits due to its strategic position. It is a prominent country among expatriates and international organizations. The Grand Duchy features world-class towns known for their stunning beauty and abundance of outdoor...
Almost every industry has experienced stark changes over the last few years as a result of the COVID-19 pandemic. The wealth sector in particular has seen a major shift with the generational wealth transfer timeline significantly shortening compared to pre-pandemic...
China Orient Asset Management gains Approval to Issue Bonds to Resolve Risks in the Property Sector Shanghai- The China Orient Asset Management reported its approval to issue up to 10 billion yuan bonds in China’s interbank bond market to solve risks in the country’s...
Are you looking to open a bank account in the United States but you are a non-resident? This guide will provide you with ways on how to open a personal bank account in the United States. Gaining access to a bank is a firm place towards financial freedom. It is the...
Soparfi is the Luxembourg holding and finance company The Luxembourg holding company also called Soparfi (Société de participations financières in French) is a regular commercial company much appreciated by international investors for their investments in Europe and...
How does the Brazilian Government hope to attract more international investors ? The Brazilian government is seriously considering an income tax exemption for international investors who invest in domestic corporate bonds. This is an initiative to hopefully...
On 9 February 2022, the Luxembourg Parliament approved and adopted the bill amending the Law of 22 March 2004 (Securitization Law). The new granted law delivers greater flexibility to Luxembourg securitization vehicles through the introduction of a series of major...
