The SCI is a type of company used mainly for the management of real estate assets. However, it can also be used to hold financial or movable assets, to the exclusion of any commercial activity.
The SCI is not subject to income tax in Luxembourg nor to wealth tax. This type of company is fiscally transparent, i.e. the partners will be taxed directly in their own right.
The SCI in Luxembourg does not have a minimum capital requirement, and can be established by private deed or before a notary.