Family Office
High and ultra-high-net-worth individuals and their families require comprehensive solutions that integrate their business interests, personal wealth, and legacy planning across jurisdictions. Family offices, whether structured as single family offices (SFOs) or multi-family offices (MFOs), provide precisely this, acting as strategic coordinators and operational hubs to protect, grow, and transmit family wealth with discretion and clarity.
Luxembourg has become a natural home for family offices in Europe, underpinned by its political and economic stability, robust legal framework, and international reputation for financial expertise. The country’s mature ecosystem includes a rich network of lawyers, accountants, fiduciaries, asset managers, private asset specialists, real estate operations, insurance experts, and custodians. This depth of services ensures that family offices can choose between assembling external best-in-class partners or selectively insourcing specialist functions to build tailored internal capabilities.
Professionalism and Trust
In 2012, Luxembourg became the first European jurisdiction to regulate multi-family offices, enhancing legal certainty and reinforcing client confidence. MFOs in Luxembourg offer a broad range of services, from wealth and investment management, estate and succession planning, and governance advisory, to philanthropy strategy and, in some cases, lifestyle and concierge services. This framework ensures high standards of conduct while enabling families to benefit from pooled expertise and scalable operational efficiencies.
Luxembourg is also home to a growing number of offices managing the affairs of a single family exclusively. SFOs do not require CSSF authorisation unless they undertake regulated activities such as fund management or banking, allowing for some additional flexibility. Whether overseeing financial and investment management, legal and tax structuring, real estate oversight, administrative coordination, or next-generation education and governance, the SFO model offers families direct control over their wealth management, aligned with their unique values and priorities.
A Strategic Base
Families today often live in one country, manage their investments from another, and hold business interests across multiple jurisdictions. Luxembourg’s unique positioning as an international investment and structuring hub enables family offices to integrate these strands seamlessly. The country offers a wide suite of vehicles and structures, including SOPARFIs for holding and financing activities, SCSp partnerships for flexible co-investments, SPFs for private wealth management, RAIFs for alternative asset exposure, and SICARs for private equity and venture capital, all within a single jurisdiction governed by stable and sophisticated laws. Given the broad toolbox of investment vehicles and structuring capabilities, Luxembourg is an ideal jurisdiction for spearheading and centralising a family offices’s multijurisdictional investments and wealth management.
Luxembourg as a Home for Wealth and Talent
Luxembourg remains a jurisdiction of choice to house family office operations. Its strategic location within Europe, multilingual talent pool, high-quality professional services, and predictable legal environment offer the certainty required for long-term planning. Increasingly, senior family office professionals and family members are also relocating to Luxembourg, drawn by its role as a centre of excellence for international wealth structuring and family office management and its attractive expatriate and capital gains regimes, but also by its unique quality of life and interconnectedness.
In an era defined by global complexity and shifting family priorities, Luxembourg stands out as the jurisdiction of choice for family offices, enabling seamless integration of wealth, governance, and purpose to secure family legacies for generations to come.
Authorisation to Exercise Family Office Activity
According to the 2012 Family Office Law, family office activity consists of providing, as a business activity, wealth management advice or services to natural persons, families or wealth management entities belonging to natural persons or families or of which they are founders or beneficiaries.
A registered member of one of the following regulated professions, established in Luxembourg and carrying out family office activity within the meaning of the law, is authorised to make use of the title “Family Office”:
Credit institutions; investment advisers; private portfolio managers; specialised PFS authorised as a Family Office or as domiciliation agents of companies or as professionals performing services of setting-up and of management of companies; attorneys-at-law included in list I and European lawyers pursuing their professional activities under the original professional title included in list IV; notaries; statutory auditors and approved statutory auditors; chartered accountants.
