Concept
The SPF was created by Luxembourg law issued on 11th May 2007 to allow the registration of an investment corporate vehicle dedicated to the management of the estate of private individuals.Purpose of an SPF is: purchasing, holding, managing, and selling of any kind of financial assets, albeit excluding commercial activities.The SPF is designed as an investment-company targeted to individuals in so far as acting under the management of their private assets.The term “family property” shall be heard exclusively in the sense of “private assets of individuals”, and does not imply or require any family relationship between shareholders of a SPF.The minimum capital of a SPF is based on the legal form chosen, that must mandatory be in the form of a corporation.The SPF is a wealth-management corporate-vehicle simple, flexible and consistent with the EU regulatory requirements. It can be used for instance, both for management of assets for a club of investors, or to acquire shares of a company by its own directors or employees.