With a population of little more than 400,000, Luxembourg must be the smallest jurisdiction to have attracted the attention of the major international firms. With the exception of Freshfields Bruckhaus Deringer, the UK’s magic circle have all established a foothold in the Grand Duchy in recent years and top-tier Dutch practice Nauta Dutilh, a ‘best friend’ of the UK’s Slaughter and May, opened its doors there this month.
A member of the European Union, Luxembourg is not a typical ‘offshore’ jurisdiction. However, its long-established ‘holding’ company entity and the more recent investment fund form (UCI) are both exempt from all taxes.
