|
The Luxembourg financial centre is attractive because of its expertise, its multicultural environment and its pragmatism. However, it is not a premium choice for wealthy families as a country of residence. Despite this fact, the Grand Duchy could become a centre of excellence for family offices. This was one of the conclusions at the Deloitte conference in Luxembourg on family offices and wealth management. So far, there are only two jurisdictions in the world where family offices services are regulated: the USA and Dubai. Luxembourg could be the third country on this exclusive list. Serge Krancenblum is vice chairman of L.A.F.O., the Luxembourg Association for Family Offices. He said at the Deloitte conference that if the bill on family offices is adopted by Parliament, the country...
|