Eternity Law International News Asset management license in Luxembourg

Asset management license in Luxembourg

Published:
February 9, 2024

The duchy possesses role of heavy-experienced and dynamically-progressing center for EU investmenting organizations. Its prosperity is due to politic steadiness, active encouraging of abroad-coming investments, favorable and clearly defined legislative basis, multilingual personnel and highly-set expert background level.

Our firm is made up of highly-qualified professionals being true experts in business-startup industry. We operate worldwide to help capital-holders start their own businesses and expand their commercial potential. Our team grants you fully-covering consultancy on issues connected with getting asset management licenses. We possess option of Luxembourg asset management license for sale.

Overview of asset management license in Luxembourg

Time-period for option to get asset management license in Luxembourg is 4-month-period; capital standards include a min amount of 1,250,000 EUR. For self-managed enterprises, min capital is 300 thousand EUR.

UCITS are designed for retail capital-holders and have the privileges of EU-Passport, allowing free passage in EU-markets with least formalities. EU-Passport gives UCITS possibilities to be vended to different categories of capital-holders and established for spreading in EU-States. It essentially speeds up the UCITS launch process and reduces associated costs.

UCITS’ stringent regulations and perfectly-guaranteed level of capital-holders safeguard made them widely-known among regulators and retail capital-holders worldwide. UCITS brand, incl. Luxembourg possesses essential market share in various countries in Asia and Latin America.

Considering facts and information about such permits obtained locally, features such as the firm’s structure, investment manager role as fund initiator, need to appoint 2 conductors residents, and involvement of custodian, supervisor and administrative provider are highlighted assistance.

Interested capital-holders might buy Luxembourg licensed asset management company. Additionally, we might provide plenty of asset management licenses for sale in UAE, China, Hong Kong and others.

Taxes

  1. Possibility of exemption from income tax-payment.
  2. No tax-payments on dividends and capital increase.
  3. No net property tax-payments.
  4. Possibility of VAT-exemption.

To obtain asset management license in Luxembourg: legal aspects

  1. Legally-approved address isn’t needed.
  2. No registered agent needed.
  3. No secretary needed.

Accounting and auditing:

  • mandatory audit annually;
  • provision of semi-annual reports.

Firm name if you’re intending to get asset management license in Luxembourg:

  • any language may be used;
  • name needs to contain Latin letters;
  • restriction on the use of a name that is identical or similar to an existing firm;
  • use of names being misleading or offensive is prohibited.

When you turn to option of asset management license in Luxembourg for sale, you’ll receive a structure already fully complying with normative parameters and standards. We’ll accompany you at every phase of transaction.

Main mechanisms and infrastructure

To comply with normative parameters for asset management license in Luxembourg, applicant firms need to document that its central administrative mechanism and officially-registered office are conducted locally. Central administrative sector contains operation of direction, supervision, execution and controlling, ensuring monitoring of all activities. Officially-registered office needs to contain a “decision center” and “administrative one”. It’s essential the firm effectively conducts business-activities from its officially-registered local office.

Firms need to strictly meet organizational normative parameters defined in Article 37-1 of appropriate Law for appropriate business-activities provided, and in Article 17 for the ancillary service spreaded.

To obtain asset management license in Luxembourg, firms are needed to implement sound internal governance arrangements including clear organizational structural mechanisms with defined, transparent and consistent lines of responsibility. Efficient processes are needed to identify, manage, monitor and report the risks to which the firm is or may be exposed. Robust internal controls are needed, incl. efficient administration and accounting, and controls and security schemes for information technologies systems.

All mentioned schemes and processes need to be comprehensive, appropriate and adapted to the nature, scale and complexity of firm’s business-activities, incl. its risks. Firm is needed to launch specialized internal control functions, incl. internal audit, risk-management and compliance.

Detailed regulatory norms and expectations regarding central monitoring, internally-governmented and risk-management contained in CSSF-Circular 20/758 need to be complied at all times.

Individuals and organizations may be shareholders or firm’s members, covered by prior approval from the CSSF. Applicants, to get a permit, need to provide CSSF with mandatory data according to regulations, incl. information regarding the qualifying holding. It notes that “qualified participation” means participation in firm that represents 10% or more of the capital or voting rights, or provides essential influence over firm supervision. As another option, capital-holders might turn to ready-made asset management license in Luxembourg for sale.

Share-holders or participants holding a significant interest need to meet conditions ensuring sound and responsible management. Concept of sound and responsible supervision is assessed on the basis of criteria determined in Article 18(9) of Operating Rules and Standards. Key parameters are:

  • reputation of shareholders or participants;
  • reputation and expertise of persons managing business-activities after obtaining permission;
  • financial steadiness of shareholders or participants;
  • risk of illegal monetary means circulation and financing of terrorist operations.

Our team might offer you asset management license for sale in Luxembourg. Turning to our help, you’ll get your business-project easily and quickly.

Unique business-opportunities in Luxembourg

  1. Favorable geographical location facilitating strategic interactions with other regions.
  2. Open economy with high competitiveness.
  3. Attractive tax-environment promoting financial stability.
  4. Diverse financial sector providing ample investment opportunities.
  5. Steady legal and regulatory structure providing a reliable business-environment.
  6. Easy access to strategic decision makers.
  7. Skilled, multilingual workforce capable of effectively completing a variety of tasks.
  8. Developed infrastructural environment ensuring efficient operation of enterprises.
  9. Favorable commercial climate, creating conditions for successful business-development.
  10. Support for research and development, stimulating innovative progress.
  11. Highly-set standard of living, creating comfortable conditions for living and working.

Considering the above, capital-holders may resort to option of getting permit or a Luxembourg asset management licensed company for sale.

Assessing reputation and expertise

To obtain permission, members of administrative, controlling and supervisory bodies, and shareholders or participants with a significant interest, need to provide documentation confirming their reputation. Image is assessed based on police clearance certificates and other documentation confirming absence of violations on part of relevant persons.

Those responsible for day-to-day supervision needs to be authorized to efficiently manage the business-activities and possess sufficient professionally-directing expertise, incl. previous expertise with a high level of responsibility and autonomy. Prudential approval procedure applies to persons holding key functions in such firms.

Professional expertise of each member of interested body is assessed both at individual and collective level, bearing in mind characteristics of business-activities and organization of the firm.

Business-management officers are assigned to at least 2 individuals of repute and expertise with approximately equal authority. This principle allows for mutual control and shared decision-making without necessarily implying that they act together in taking responsibility for firm. Persons holding key functions must be available to contact the CSSF at all times and must reside locally. Exemption from the residency requirement may be requested for one of these individuals, but only for the first 6 months after approval is granted. Permission is granted for an indefinite period, provided the firm complies with applicable legal norms at all times. After receiving permission, firm may immediately begin to carry out its activities.

By contacting our firm, you’ll receive highly-qualified consulting and practical assistance. We’ve option of asset management licensed company for sale in Luxembourg. We’ve plenty of offers for sale of asset management licenses in Latvia, France, Denmark and others.

Businesses for sale

Asset management license in Abu Dhabi Global Market – for sale

Asia, United Arab Emirates (UAE) Asset management license
New investment opportunity – Brokerage, Custody, Fund management license in ABU DHABI GLOBAL MARKET (ADGM) for sale. The primary details of the proposal are provided below. Available to buy – Brokerage, Custody, Fund management license in ABU DHABI GLOBAL MARKET (ADGM) Major title: Brokerage, Custody, Fund management Location based: UAE Bank accounts opened License overview:...

Hong Kong Asset Management License Registered in 2021 for Sale

Offshore, Hong Kong Asset management license
For the attention of the interested investors – Hong Kong asset management license for sale. The key information regarding this investment opportunity are provided below. Hong Kong SFC license for sale: details of the offer Registration year: 2021; Share capital issued: approx. 3-4 M HKD; License type: Type 4 (allows for advising on securities); Type...

You could be interested

Choosing a bank to open an account

SELECTING A BANK FOR OPENING AN ACCOUNT FOR A BEGINNING BUSINESSMAN Choosing a bank to open an account is one of the first steps for every startup. The most important stage for each startup is to create, think through and correctly draw up a financial plan. A good business plan can attract investors and allow...

Registration of a General Partnership

A partnership where the participants jointly are entrepreneurs on equal terms for obligations is called general. Such a partnership has a number of its own characteristics: the participants conclude an agreement among themselves, according to which the partnership works the goal of GP is entrepreneurship; members of such a partnership are legal entities or entrepreneurs;...

Crypto license in Thailand

A crypto-license is needed for firms in Thailand engaged in 3 types of digital currencies deals: stock trade, brokerage and dealer activities. Such authorization is issued by Securities Commission (SEC). Thailand became pioneer in Asian spaces to start officially-regulating virtual assets market and issuing permits to operate with such currencies. Our team specializes in launching...

SEMI license in Cyprus

The Fintech industry in Cyprus has been developing quite rapidly over the past few years. The country has already formed a market for financial services, which is closely related to technology. This fintech sector is expected to show a rapid pace of development following the publication of the National Strategy for Distributed Ledger Technologies (DLT)....

Steps to register online casino gaming company in Cameron

The online gambling industry has experienced significant growth worldwide, and Cameroon is no different. With its dynamic and evolving regulatory framework, the country offers a promising opportunity for entrepreneurs interested in the online casino field. However, establishing an online casino gaming company in Cameroon requires navigating a series of legal, financial, and operational steps to...

UK Small Payment Institution with banking

Company description in brief: Existing for 2+ years; Registered with the FCA (Financial Conduct Authority) as small payment institution, permission for money remittance; Banking with virtual IBANs for clients (UK provider) in place; Never traded, no debts, liens or clients. Sold due to departure of owners to another country. Takeover procedure takes from 1 to...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista
Calls are made only from Portugal

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7