• Preparation of consolidated accounts and NAV computation (including GAAP analysis and INREV reporting preparation)
• Preparation of regulatory reporting pertaining to investors  (including CSSF, BCL, FATCA, and CRS)
• Preparation of KPIs and performance reporting

• Setup of consolidation process: selection of accounting policies, creation of reporting packages, design of checklists, timeline design, and coordination
• Intercompany transactions management and oversights, including process centralization
• Preparation of consolidated financial statements following several GAAPs such as IFRS, LuxGAAP, or US GAAP
• Preparation of Technical memorandums (IFRS and LuxGAAP)

• Bookkeeping services for Luxembourg and foreign entities in various GAAPs
• Preparation, coordination, and filing of stand-alone statutory annual accounts compliant with your portfolio requirements (including Luxembourg and foreign entities)
• Preparation of corporate tax returns
• Review of uncertain tax provisions
• Preparation or review of the annual corporate tax returns and related tax forms
• Assessment of eligibility for reduction of net wealth tax, tax unity, foreign tax functional currency
• Coordination with foreign countries for cross-border tax compliance assignments
• VAT returns preparation

• Property accounting and coordination with property managers, including financial reporting, fixed asset and construction management monitoring, and budget analysis
• Accounting asset manager transactions such as the acquisition or sale of assets and valuations
• Debt portfolio management, including forecast cash flow projections and accounting reconciliations

• Take an integrated global approach to the variety of local compliance service
• Assistance and preparation of management, financial, and tax reporting services
• Accounting coordination with foreign countries’ services providers
• Coordination, documentation, and reconciliation of accounting and tax numbers to facilitate the audit process
• Coordination of global or EMEA tax accounting reporting
• Improve your tax accounting processes
• Standardization and customization of all deliverables
• Coordination of all the tax compliance activities for your subsidiaries, with diverse accounting practices, legislative environments and business customs, seamlessly and cost-effectively
• Staff secondment
• Service provider selection process and RFP assistance
• Variable interest computation on loan instruments
• Various requests to the tax authorities
• Input VAT deduction optimization
• Detailed VAT review of the VAT balances

Due to the ever-changing environment, as well as consumer and shareholder expectations, board oversight and board practices are shifting. The post-pandemic period has been turbulent and constantly changing, fuelled by the ongoing conflict in Ukraine, inflation, and higher interest rates. In addition, we receive constant news about political uprisings as well as increased geopolitical tensions. Consequently, the landscape we are experiencing is uncharted, and it’s imperative and necessary for you to have a skilled and local board that can provide your business with stability and guidance to navigate the uncertain landscape we are living in.

The role of corporate governance is to set the values of a company by the board of directors, which is different from the company’s day-to-day operations. – Pravin Cumiah

Our participation on your board of directors as independent directors will enable us to act as trusted advisors to your shareholders, providing a duty of care as well as be a trusted advisor to,  shareholders, aligning the interests of the shareholders and administrators with the interests of stakeholders, with the objective of creating value-added services and ensuring its distribution, as well as promoting market trust.

Recent years have seen the independent director’s role become increasingly important. Clients emphasise the need for highly qualified profiles when determining their independence as a key element for good corporate governance.

We offer qualified profiles as managers/directors on the boards of our clients’ companies in terms of skills, cultures, and expertise.

As a Luxembourg-resident company, we provide Luxembourg-resident directorships and board positions in Soparfi, alternative investment funds (both AIFs and non-AIFs), and interim management services.

• Independent corporate directors with extensive experience
  In addition to our considerable expertise in legal and regulatory requirements and operational matters, Director Solutions will also provide an independent local director with substantial knowledge and experience in this area. In particular, we will provide information regarding Luxembourg-regulated corporate structures (including, but not limited to, AIF investment funds, as well as their management companies and alternative investment fund managers or asset managers.
• Independent corporate directors available for corporations
  In order to provide bespoke and specialised services to a limited number of clients, our directors will limit the number of mandates they accept.
• Independent corporate directors for local substances
  Having an independent director based in the jurisdiction of incorporation gives a corporate structure solid anchoring in the location of incorporation. The presence of a Luxembourg resident acting as a director is considered an important factor for initiators because it fosters close working relationships with local industry authorities, market actors, and regulators.

Get in touch with Pravin Cumiah and Arnaud Brive by clicking here.