10 March 2020

Redomiciliation in Luxembourg for Cayman companies

  

Redomiciliation in Luxembourg for Cayman companies 

 

Last Tuesday, the European Union has decided to include the Cayman Islands on its blacklist due to failing to provide appropriate measure in terms of tax abuse. The decision could have negative effects on Cayman structures having counterparties within the European Union.

 

As a result, many promoters have started redomiciliating their SPV or fund to Luxembourg through a simple process which can be done within a matter of days. For instance, the Cayman company will transfer their seat of incorporation in Luxembourg in order to become an entity duly incorporated under Luxembourg law.

 

The redomiciliation may give the fund or the SPV new advantages like the benefits of the double tax treaties; at least being established in a fully compliant environment.

 

In order to find more about our redomiciliation services please contact us

 

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