Comparison Between The Forthcoming Private Wealth Foundation And The Philanthropic Foundation In Luxembourg

Mondaq Business BriefingLuxembourg Articles in EnglishWealth Management (2014)

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Comparison Between The Forthcoming Private Wealth Foundation And The Philanthropic Foundation In Luxembourg

Many years after the introduction of the Philanthropic Foundation1, the draft bill n° 6595 dated 22 July 2013 presents the private wealth foundation (the "Private Foundation"). Although the two vehicles share the same name of foundation, they actually serve very different purposes, which result in two specific set of distinc...

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