The glossary to understand and take action

Family wealth management company (SPF)

The family wealth management company (SPF) is a wealth management vehicle subject to a specific framework for eligible investors and activities.

Notion comptable, fiscale ou juridique · Luxembourg Fiduciaries Editorial Team · Reviewed on

Understand the scope

Definition and points to distinguish

It should not be treated as any commercial holding company. Check the assets, transactions, investors and filings with specialised advice, as well as the taxation of beneficiaries.

In your file

What this changes in practice

The SPF is a regulated vehicle intended for the management of financial wealth within the limits provided for by its regime. Eligible investors, assets, permitted activities and obligations specific to the vehicle must be examined. It should not be presented as an ordinary commercial company or as a general solution for any wealth-related activity. A change in the portfolio or transactions may require a fresh compliance review.

A scenario to help you understand

Educational example

An SPF project contemplates an active service-provision transaction. The project sponsor checks its compatibility with the regime before carrying it out, rather than relying solely on the wealth management purpose.

Fictitious situation, presented to illustrate the concept.

Prepare for what comes next

Points to check

  • Vérifier investisseurs et activités admissibles
  • Contrôler les opérations envisagées
  • Suivre obligations et déclarations spécifiques

The practical question

Find out more

Peut-on utiliser une SPF pour toute activité de groupe ?

La SPF répond à un cadre particulier de gestion de patrimoine privé et à des restrictions propres. Il faut vérifier les investisseurs, actifs et activités admissibles avant de retenir cette solution. Elle ne doit pas être confondue avec une société commerciale ordinaire ou une SOPARFI. L’évolution des opérations doit rester compatible avec les conditions du régime.

Connecting concepts

Terms to know as well

Continue with the concepts, contacts and procedures related to this topic.

SOPARFISOPARFI commonly refers to a financial holding company subject to ordinary law, incorporated in a legal form such as an SARL or an SA.Legal formThe legal form defines the legal framework for the activity: organisation, liability and relations between participants.Registration Duties, Estates and VAT Administration (AED)The Registration Duties, Estates and VAT Administration (AED) manages, in particular, VAT and other matters falling within its remit.Economic substanceEconomic substance refers to the actual elements of organisation, resources and decision-making assessed in the analysis of an activity or structure.DividendA dividend is a distribution decided for the benefit of partners or shareholders under the conditions applicable to the company.Parent-subsidiary regimeSubject to conditions, the parent-subsidiary regime provides for exemption treatment of certain income and shareholdings between companies.

Put it into practice

Explore further with our guides

Practical guideSPF in Luxembourg: asset management purpose and limits to reviewPractical guideSOPARFI in Luxembourg: how it works, obligations and points to watch

Sources and verification

References consulted on 20 September 2026. Official procedures specify the applicable conditions and exceptions.

This guide explains a general process. The applicable rules depend on your situation; it does not constitute personalised advice. Report a correction.

A definition gives you a reference point. To examine your situation, clarify your question with a professional.