A Luxembourg SOPARFI is a non-regulated trading company. The SOPARFI stands for (Société de participations financières) which is French for Company of Financial Participants.

This type of company acts a holding company for various financial activities. Luxembourg allows their “holding” companies to take several forms: Management Holding; Operational Holding; Finance Holding and Organizational Holding.

SOPARFIs are considered as commercial companies subject to the legal provisions of the Law of 10 August 1915 on commercial companies, as amended.

A SOPARFI can take the legal form of:

• a public limited company (S.A. – société anonyme)

• a limited liability company (S.à r.l. – société à responsabilité limitée)

• a partnership limited by shares (S.C.A. – société en commandite par actions)

• a cooperative company (S.C. – société cooperative)

• or - a European company (société européenne).