Holding companies, co-investment partnerships and single-asset SPVs, set up in Luxembourg and run as one structure. We keep the entities compliant and the books consolidated, so the family — or your client — sees a position rather than eleven sets of statements in eleven formats.
A structure rarely stays small. A holding for the operating stake, a partnership for the co-investments, an SPV for the property, another for the fund commitments, and a separate line for each branch of the family. Each one keeps its own books, files its own accounts and reports in its own format.
The work is not any single entity — it is holding them together: one chart of accounts, one valuation date, one set of numbers that reconciles, and a report the principal can read without a call to explain it.
A SOPARFI for participations, an SCSp where several members or clients invest alongside each other, and a single-asset SPV wherever something needs ring-fencing. Each vehicle is set up for what it actually holds, incorporated and registered, so the structure reflects the plan rather than the order things happened to be bought in.
Law of 10 August 1915 on commercial companies; Art. 166 LIR and the Grand-Ducal Regulation of 21 December 2001 on the participation exemption
Contributions, drawdowns and distributions tracked per entity and per participant, with intra-group loans recorded on both sides rather than reconciled at year end. Where a vehicle calls capital from several branches or clients, notices are issued from the same records that produce the accounts.
Private holdings valued on a stated methodology, listed positions and funds taken at the reporting date, and everything brought to one currency and one date. Allocation, performance and commitments outstanding are visible across the structure — and each branch or client sees the same figures filtered to what belongs to them.
AML/KYC on every member, client and advisor, beneficial owner evidence through the holding chain, FATCA and CRS reporting, and — where a vehicle falls within the AIFM regime — the manager's obligations under the 2013 Law. Annual accounts, RCS filings and RBE updates sit on one calendar with one owner, for the top holding and every entity beneath it.
Bookkeeping for every entity on one chart of accounts, statutory accounts prepared per entity, and VAT, CIT and NWT returns filed on time. The consolidated view is produced from the same ledger, not rebuilt from PDFs in a spreadsheet — so each figure in the report can be traced to the entry that produced it.
Luxembourg is used by family offices for the same reason it is used by funds: the vehicles are familiar to counterparties, the treaty network is deep, and a structure set up here rarely needs explaining to a bank, a co-investor or a tax authority elsewhere in Europe. What decides whether it works over a generation is not the choice of vehicle — it is whether the entities underneath stay coherent as they multiply.
A SOPARFI — a fully taxable resident company holding participations — is the usual top of a structure, relying on the participation exemption under Article 166 LIR for qualifying dividends and gains. Below it, a special limited partnership suits pooled co-investments between branches or clients, because it needs no notary, no minimum capital and is tax-transparent when its activity supports that treatment. A single-asset SPV earns its place wherever something has to be ring-fenced: a property, a loan, a concentrated position that may be sold or transferred on its own.
A vehicle that invests the private wealth of its investors without raising external capital sits outside the AIFM regime under Article 2(3)(b) of Directive 2011/61/EU. That exclusion is narrower than it is often assumed to be. It turns on external capital, not on how the parties know each other — so a co-investment partnership opened to a client of the office, or to a friend of the principal, is a different animal from the one that was set up. Where the exclusion is lost, the manager falls within the Law of 12 July 2013, and the rules on how investors may be approached apply in each country where one is resident.
A Luxembourg holding is treated as resident where it is actually managed. Board composition, where decisions are taken and minuted, whether the company has its own means of operating — these determine how the structure is treated by tax authorities and by banks performing their own checks. Substance cannot be bought as a service after the fact, and a structure that cannot evidence it tends to discover the problem at the least convenient moment: during a financing, a sale, or a review by another jurisdiction's revenue.
Most family structures do not fail on strategy. They fail on the quarter: eleven sets of books in different formats, valuations dated differently, intra-group loans recorded on one side only, and a consolidated picture that takes three weeks and still carries a caveat. The fix is not a better spreadsheet. It is one ledger behind every entity, one valuation date, and a report where each figure can be traced to the entry that produced it.
We know how complex the decision path gets when you are planning a wealth management vehicle. Most offices come to us with entities already in place and a reporting problem they have outgrown — a short call is usually enough to see what can be consolidated and what is better rebuilt.
Fundequate Sàrl is a company registered and domiciled in Luxembourg. We provide innovative solutions to simplify fund structuring, administration, and investor onboarding, ensuring compliance, transparency, and efficiency for fund managers and investors.
