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Accounting

We offer an extensive range of accounting services for both regulated and unregulated entities.

For regulated entities:

  • Preparation and recording of accounting entries, preparation of balance sheet and profit and loss statement (Lux GAAP or IFRS)
  • Calculation of provisions and payment of subscription tax to local authorities on a quarterly basis
  • Coordination with external auditors for the preparation and planning of the year-end audit and provision of required information and supporting documents
  • Supervision of the audit process
  • Official NAV calculation

For unregulated entities:

  • Preparation and recording of accounting entries, preparation of balance sheet and profit and loss statement and, if necessary, on an ad hoc basis (Lux GAAP and IFRS)
  • Filing and publication of the annual financial statements with the Trade and Companies Register
  • Provision of statutory financial statements and cost accounting
  • Preparation and filing of financial statements for Luxembourg companies
  • Completion of an audit by the statutory auditor to verify that the annual financial statements comply with applicable accounting standards, accounting records and supporting documents for companies that are not subject to statutory audit by an independent auditor
  • Transmission of all available information and supporting documents to the independent auditors (for companies that are subject to statutory audit by an independent auditor) and supervision of the audit process

View our reporting services for these accounting activities.

Domiciliation and management

We offer an extensive range of services for the administration/domiciliation and management of companies. This includes the following services:

  • Provision of a registered office, creation and administration of a dedicated file
  • Register keeping of administered companies
  • Day-to-day management, assistance and coordination for every project by a dedicated client manager
  • Assistance in the distribution of brochures and financial reports to stakeholders
  • Provision of independent directors, managers and authorised signatories
  • Coordination of the incorporation process for Luxembourg companies
  • Provision of office space and installation support for all equipment, including telephone lines and network connections
  • Coordination with the banking institution in Luxembourg in order to open one or more bank accounts
  • Registering the company with the relevant authorities
  • Keeping all documents, accounting records, prospectuses and annual reports for 10 years

Tax office

Tax support

BFCS has in-house tax specialists who share their experience and assist clients with any questions they may have on the feasibility of their structuring projects.

As part of this tax assistance, BFCS offers its clients access to its network of external partners, both in Luxembourg and internationally.

From family wealth planning, to intellectual property use, to the structuring of private equity or real estate investments, our high-value tax assistance and support helps us offer our clients the most effective solution.


Corporate tax reporting obligations

The tax team prepares tax returns for private equity and real estate companies, as well as national and multinational companies. The team has extensive experience in this field that has developed over the years.

Our expertise and insight enable us to offer the following tax services:

  • Corporate tax returns
  • VAT declarations
  • Withholding tax declarations on dividends
  • Withholding tax declarations on shares in profits

Vehicles: SOPARFI / SPF / Securitisation / SCSp

SOPARFI

Presentation:
The Luxembourg financial holding company (Société de Participations Financières), commonly referred to as SOPARFI, is the most frequently used company under Luxembourg law. It is recognised by international investors as a flexible investment vehicle thanks to its extensive scope of business activities and its tax regime.



Private equity and venture capital investments:
Thanks to a pragmatic and innovative approach by Luxembourg’s supervisory authorities, a flexible and stable legal and regulatory environment, and experienced professionals, Luxembourg has become an international hub for the development of private equity and venture capital structures, with perfectly tailored vehicles such as the SOPARFI, or regulated vehicles such as the SIF, RAIF and SICAR.



Real estate:

Luxembourg’s real estate sector has developed considerably in recent years, mainly due to the wide range of services provided from Luxembourg, as well as flexible and efficient vehicles (regulated and unregulated). Thanks to its extensive ability to structure real estate projects, Luxembourg offers an undeniably strategic location and provides fund managers with a suitable environment to develop their operations. Through the use of a SOPARFI and straightforward estate planning, BFCS Luxembourg can help you set up and manage your projects. Other regulated vehicles such as the SIF or RAIF are alternative options.





SPF

Introduced by the law of 11 May 2007, the Family Wealth Management Company, commonly known as an SPF, is the result of the Luxembourg financial centre’s response to the abolition of the 1929 holding company scheme. The SPF is the ideal vehicle for private individual investors who are looking to set up a securities portfolio in a European vehicle.



Securitisation


Asset securitisation is a rapidly expanding system in Luxembourg; it involves converting relatively illiquid assets into more liquid assets. Securitisation is a funding process by which an entity transfers illiquid assets or risks to a special purpose vehicle, in exchange for cash equivalents. The securitisation vehicle is financed by the issuance of securities, the return on which depends on the income generated by the securitised assets. With the law of 22 March 2004 on securitisation, Luxembourg strengthened its competitiveness in this field by offering a legal and tax framework for the securitisation process across Europe.




SCSp

The Luxembourg SCSp special limited partnership was created by the law of 12 July 2013. An SCSp is a fiscally transparent entity with no legal personality. The legal and tax regime of the Luxembourg SCSp special limited partnership directly stems from that of a limited partnership under Anglo-Saxon law.