The Family Wealth Management Company "SPF" (Société de Gestion de Patrimoine Familiale) is an investment vehicle designed for the management of individuals´private wealth.
For the purpose of an SPF, the term "family wealth" ("patrimoine familiale") is understood to mean "the wealth of individuals" ("patrimoine privé de personnes physiques") as no family relationship is required between the different shareholders.
SPFs have no special legal status. They must be set up in the legal form of a capital company. The annex SPF has to be added to the company name.
SPFs are exonerated from corporate income tax, communal business tax and wealth tax. They are subject to an annual subscription tax at a rate of 0,25% applicable on its share capital.