Aspen Trust

General Information

• Type of Company – Private Limited Company (S.a.r.l)
• Legislation – Civil Law
• Company name – Non-English company names are allowed
• Time-scale for incorporation – 3 days
• Disclosure of beneficial owners prior to incorporation is required
• Double tax treaties - Wtih 52 countries
• Shelf companies are available
• Money laundering legislation is in existence

Local Requirements

• Registered Office must be maintained
• Company Secretary is not required
• Local Directors are not required but are recommended for substance purposes
• The Location of Meetings  must be in Luxembourg
• Public recording of shareholders and directors are required
• Accounts and Audit requirements are not required

Corporate Requirements

• Minimum number of shareholders – One (1)
• Minimum number of directors - One (1)
• Minimum capital requirement – EUR12,500
• Standard Authorised Capital – EUR12,500
• Bearer shares are NOT permitted
• Corporate Directors are permitted

Annual Requirements

• Annual return filing is required
• Statutory accounting is required
• Taxation - Taxation on profits at 28.59% ttatds#;#axation a   kl;df;kg