Domiciliation

The basis of the matter is governed by Luxembourg Law under the Act of 31 May 1999. The domiciliation is defined as the service activity that involves the customers’ use of the headquarters of the paying agent as the headquarters of their companies. Such is an activity which the legislature intended to reserve for certain regulated professions (including certified public accountants, lawyers and financial service professionals). It imposes several obligations on these same professionals, including vigilance and combating money laundering mechanisms.

The headquarters’ place is mainly done through a paying agent for so-called Soparfi or SPF companies.

Customers who have opted for a domiciliation agreement are entitled to a meeting room in order to hold the general shareholder or associate meetings, board of director meeting or any other meetings relevant to their operations.