Luxembourg Investment Vehicle Overview
SNC/SCSP/SCS:
What are these vehicles?
In and out
SNC = General partnership
(Société en nom collectif)
SCS
= Limited partnership
=
(Société en commandite simple)
SCSP = Special limited partnership
(Société en commandite spéciale)
The transfer of partnership interests requires the Partners'
approval and must be registered
Driver
Usually one or more Partners (in practice the "General Partner"), but not a
Limited Partner or a third party
Incorporation
Partnership
agreement by
private seal
Shareholder(s)
At least two shareholders (the "Partners")
• SNC: All Partners are fully personal
liable
• SCS/SCSP: two types of Partners:
(i) General Partners: fully personal liable;
and (ii) Limited Partners: liability limited
to their contribution
Capital
No minimum, no maximumView entire presentation