Aspen Trust

General Information

• Type of Company – Public Limited Company (S.A.)
• Legislation – Civil Law
• Company name – Non-English company names are allowed
• Time-scale for incorporation – 3 days
• Change in domicile is permitted
• 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 or Qualified 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 directors is required
• Public recording of shareholders is required
• Accounts and Audit requirements are required

Corporate Requirements

• Minimum number of shareholders – One (1)
• Minimum number of directors - One (1) The number of directors should be 3 if there is more than one shareholder
• Minimum capital requirement – EUR7,750
• Standard Authorised Capital – EUR31,000
• Bearer shares are 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