Holding Company Luxembourg - SOPARFI & SPF | LuxLex Law

Holding Company Luxembourg

Create your holding company in Luxembourg. SOPARFI with participation exemption, SPF for family wealth. Optimal tax structuring.

8 min read Updated: Décembre 2025

In summary: Luxembourg offers two main holding structures: SOPARFI (commercial holding with participation exemption on dividends/capital gains) and SPF (family wealth company with tax exemption). Conditions: minimum 10% holding or €1.2M, 12-month holding period.

Luxembourg Holding Companies

Luxembourg is one of the world's leading jurisdictions for holding companies. The country offers attractive tax regimes and a stable legal framework that make it ideal for international structuring.

SOPARFI - Financial Holding Company

The SOPARFI (Société de Participations Financières) is the most widely used holding structure in Luxembourg. It is a commercial company that can hold participations and benefit from the participation exemption regime.

Key Features

  • Can be formed as SARL or SA
  • No specific authorization required
  • Can conduct ancillary commercial activities
  • Access to Luxembourg's double tax treaty network
  • Full participation exemption on qualifying holdings

Participation Exemption Conditions

Requirement Details
Minimum holding 10% or acquisition cost of €1.2 million
Holding period 12 months (or commitment to hold)
Subsidiary taxation Subject to comparable tax (at least 8.5%)
Exemption rate 100% on dividends and capital gains

SPF - Family Wealth Company

The SPF (Société de gestion de Patrimoine Familial) is reserved for private wealth management. It offers a simplified tax regime for families and individuals.

Eligible Investors

  • Individuals managing private wealth
  • Wealth management entities (trusts, foundations)
  • Intermediaries acting on behalf of individuals

SPF Tax Regime

Tax Treatment
Corporate income tax Exempt
Municipal business tax Exempt
Net wealth tax Exempt
Subscription tax 0.25% of paid-up capital + share premium (min €100, max €125,000/year)
Withholding tax 15% on dividends (subject to treaty relief)

Comparison: SOPARFI vs SPF

Feature SOPARFI SPF
Legal form SA, SARL, SCA SA, SARL, SCA, SCoSA
Eligible investors Any investor Individuals/family structures only
Tax treaties Full access No access
EU directives Applicable Not applicable
Activities Holdings + commercial Passive holdings only
Taxation Normal regime + exemptions Full exemption + subscription tax

Luxembourg Advantages

  • 103 double tax treaties: Extensive treaty network
  • EU membership: Parent-Subsidiary and Interest & Royalties Directives
  • No withholding tax: On interest and royalties paid abroad
  • IP regime: 80% exemption on qualifying IP income
  • No CFC rules: No controlled foreign company legislation
  • Stability: Predictable legal and tax environment

Our Services

  • Holding structure analysis and optimization
  • SOPARFI or SPF incorporation
  • Substance requirements compliance
  • Tax planning and structuring
  • Ongoing administration and compliance
  • Exit and restructuring strategies

Frequently Asked Questions

A SOPARFI (Société de Participations Financières) is a Luxembourg holding company that benefits from the participation exemption regime. It allows 100% tax exemption on dividends received and capital gains from qualifying participations.

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