Fiduciary Services in Luxembourg

Updated on Wednesday 10th June 2020

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Luxembourg is one of the most appealing investment destinations in Europe and foreign investors doing business here can appoint fiduciaries who can handle specific operations on their behalf. The role of a fiduciary in Luxembourg can be entrusted to a person, however, there are also companies and law firms that can represent local and foreign investors and other natural persons in need of such services.

The fiduciary will be appointed based on a contract and the services will be provided in accordance with the conditions stipulated in the respective agreement.

Below, we invite you to read about the fiduciary services you can obtain in Luxembourg. Our Luxembourg law firm offers various fiduciary services, so if you need us, do not hesitate to ask for support.

Fiduciary services provided by our lawyers in Luxembourg

There are various services that can be provided by a fiduciary in Luxembourg and our lawyers can assist with the following:

trustee services which are quite popular in Luxembourg – one of the most appealing estate planning locations in Europe;
legal fiduciary services which are provided by our lawyers in Luxembourg for various operations;
financial fiduciary services which consist in representation in financial matters before the authorities;
domiciliation agent which imply acting on behalf of a company or person in need of such services;
nominee services which also consist in acting in representing clients’ interests.

All fiduciary services in Luxembourg are provided in full confidence, as our lawyers will act in the best interest of clients and by respecting the legislation of this country.

What to consider when appointing a fiduciary in Luxembourg

As mentioned earlier, the fiduciary can be a natural person or a company which provides such a service. There are many companies offering such services in Luxembourg, however, when appointing a fiduciary, the client needs to consider various aspects.

The fiduciary will have both duties and powers over assets or rights of the client. This is why when appointing a fiduciary in Luxembourg, a person must conclude a contract in which all the terms and conditions of the services obtained are clearly stated.

Among the duties a fiduciary will have, we can mention the obligation of acting in the best interest of the client and respecting all the requirements he or she is entrusted with. In order to perform these duties, the fiduciary will be given access to confidential information and/or assets which will give him or her certain powers. This is why, when appointing a fiduciary or asking for fiduciary services, a serious verification is required.

Our attorneys in Luxembourg have represented many natural persons and companies over the years and our services rely on complete confidence and respect towards our clients. We can also support those who want to create trusts in Luxembourg in order to protect their assets.

Fiduciary services associated with starting a business in Luxembourg

One of the most frequent cases in which the need for fiduciary services is related to opening a business in Luxembourg. Our law firm can represent local and foreign investors in the relation with the Trade Register, tax authorities and other institutions when it comes to company incorporation. We can also act as domiciliation agents, thus easing and completing the registration procedure in a short period of time.

We can also help with the creation of investment funds in Luxembourg, as this is one of the most important economic sectors of the Grand Duchy.

If you have any question about the fiduciary services provided by our Luxembourg law firm, feel free to ask any question.

How to appoint a fiduciary in Luxembourg

When it comes to foreign citizens or investors seeking to appoint fiduciaries in Luxembourg, the first step should be a thorough verification of the selected person or company. Then, the terms of the contract should be discussed, and the agreement signed. It should be noted that in certain cases, a power of attorney needs to be granted to the fiduciary for representation.

The business environment in Luxembourg

Luxembourg is one of the most important business destinations in Europe for foreign investors, considering it ranked 18^th in the World Economic Forum’s 2019 Global Competitiveness Index. Moreover:

2016 was a record year for Foreign Direct Investment (FDI) inflows when they reached 31,8 billion USD;
in 2018, Luxembourg FDI’s stock was 164 billion USD;
50% of FDIs received by Luxembourg in 2018 was from EU member states;
Luxembourg is also the most important investment exporter in the EU.

If you need fiduciary services for starting a business in Luxembourg, please contact us.