A center in Luxembourg
Because of its enviable geographical
location in the heart of Europe, the Grand Duchy of Luxembourg
has a strong position in the international market and is a reference
for the creation of multinational companies.
With an effective network of international air,
land and river transportation, Luxembourg has become one of the
world's most important center for financial transactions as well
as for merchandise trade.
In addition, in order to ensure the reliability
and flexibility required to develop financial markets, Luxembourg
has a legal system which is in line with the expectations of the
financial community. It also now has a number of EU institutions
located on its territory.
Luxembourg is currently the place of registration
of over 200 universal banks, some of them operating in the domestic
market, but most of them, through major bank subsidiaries, focusing
on intimation markets.
Some 1 6,000 securities are listed on the Luxembourg
Stock Exchange, most of them Eurobonds, issued by dose to 3,500
institutions in over 90 countries.
Many closed-end or open-end investment companies
are based in Luxembourg. For transactions in negotiable securities,
in 1970 a number of major banks set up a securities clearance
facility, Cedel Bank, in Luxembourg. Cedel Bank has over 2,000
members from 84 countries, with dose to US$ 1.8 trillion worth
of securities on deposit and a transaction volume of over US$
10 trillion.
Over 90 insurance companies and 250 reinsurance companies are
based in Luxembourg.
It is currently estimated that 13,000 holding companies
are based in Luxembourg.
Luxembourg has a body of regulations which ensure
total legality and transparency of transactions initiated there.
It has signed the European Agreement on Legal Assistance
in Criminal Matters, under which, if a crime is committed, it
undertakes to lift banking secrecy. It also has a law against
money-laundering, and in January 2001 passed a law providing that
companies could be registered only with officially authorized
professionals, e.g. lawyers, certified public accountants and
auditors, or with companies directly subject to the strict laws
on banking institutions. With that, it has effectively dispelled
the myth of its being a jurisdiction where anything goes, which
was never true in the first place.
The "Acampora Network" can provide both
individual and institutional services, with a full range of corporate,
tax, accounting and other specialized financial services in Luxembourg.
Through associated banks and specialized firms,
the "Acampora Network" can provide financial and estate
management services.
In providing such services, the "Acampora Network" can be particularly effective. It can provide targeted
services, such as carrying out fiduciary assignments, creating
tax-effective holding companies, and, for achieving the scope
of multinational structures, financial holding companies (soparfi)
which optimize tax treatments through double-taxation agreements.
In addition, the "Acampora Network" domiciles
companies for which it provides administrative, income tax and
VAT services.
And finally, the "Acampora Network"
can also, through Luxembourg, deal with problems in business law
and international tax law under contracts subject to specific
legal systems and regulations, e.g. leasing, franchising, factoring,
know-how, management contracts, etc. and financial-market transactions,
e.g. securities trading, financial intermediaries, etc. and financial
products, e.g. swaps, futures, currency hedging, joint ventures,
investment funds, etc..

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