Why choose a SENC?
An advantage of a General Partnership is that the business is not subjected to taxation. Therefore, non-resident partners are not taxed under Luxembourg taxation laws. Another advantage is that this type of business is easy to establish since the paperwork is relatively simple. There is no minimum capital required to register a SENC so another advantage is that this type of company can work regardless of income, property or growth expectations. Also, only two shareholders are required to start the company and since there is no maximum number of shareholders, there are a lot of options for funding.