Can you explain the principles of domiciliation in Luxembourg and why a company might opt for this option?
: “Domiciliation in Luxembourg allows a company to use someone else's address as its official address, serving as its registered office or branch. This reduces the costs and logistics involved in managing your own premises, especially for companies that don't need physical offices.
What types of company generally benefit from domiciliation services?
: “Companies with no need for operational offices, seeking to minimise their fixed costs, such as investment funds and holding companies, benefit. However, commercial companies must have physical premises in Luxembourg and cannot use these services.
What type of companies are allowed to offer domiciliation services in Luxembourg?
Daniel Capocci: “Only certain regulated professions, such as credit institutions, lawyers and chartered accountants, can offer domiciliation services. These entities must be authorised by the CSSF (Commission de Surveillance du Secteur Financier) and comply with the 1999 law.
What are the key conditions of a domiciliation agreement?
Nicoletta Morsut: “A written contract between the domiciliation agent and the company is required. This contract stipulates the services provided, such as the use of the address for the registered office, document management and the provision of information to the authorities. Optional services, such as organising meetings, may also be included.
How does the domiciliation service differ from the contract to rent or sublet premises?
Daniel Capocci: “Domiciliation is a regulated service, whereas leasing can be offered by any person or company. Domiciliation ensures strict legal compliance, guaranteeing the reliability of the service.
What legal measures are in place to ensure the transparency of domiciliation services?
Nicoletta Morsut: “Domiciliation services provided by PFS are strictly regulated by the CSSF. The contract must include the responsibilities of the parties and anti-money laundering measures. These requirements enhance the transparency and reliability of the service.
Conclusion
Daniel Capocci: “Domiciliation in Luxembourg offers a cost-effective solution for companies that do not need physical premises, while being regulated by strict laws.
Nicoletta Morsut: “Farad Investment Management SA, accredited by the CSSF, provides comprehensive domiciliation services based on its long experience in this field.”
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