Tag Archive for: Luxembourg

Conference with Intertrust Luxembourg “Structuring investments in & with Spain”

June 16th, Intertrust Luxembourg organized the conference “Structuring investments in & with Spain”, in collaboration with the Official Spanish Chamber of Commerce in Belgium and Luxembourg. The Ambassador of Spain in Luxembourg, Mr. Carlos de Lojendio, and many other representatives of the financial sector and other complementary services attended this event.

DSC_0011_retocadaSergio de Miguel-Jessel, Vice-president of the Official Spanish Chamber of Commerce in Belgium and Luxembourg, gave a welcome speech, presented the conference’s program, and introduced the speakers to the audience.  In addition, he also thanked Intertrust for the collaboration with the Chamber in the organization of the event.

DSC_0057Rafael Calvo, associated of Garrigues, talked about investing in Spain from Luxembourg taking into account the actual fiscal scenario. He made an overview of the nowadays economic factors that contextualize the Spanish market of the multinationals opening a debate about “planning” and tax evasion. Furthermore, the speaker pointed out the principal factors that damage the international structural investments as the double imposition. To end up, Mr. Calvo mentioned the nowadays principal initiatives of the OECD, G20 and EU, like the directives of the package “anti-tax avoidance” as an attempt to correct the errors previously cited. In the second part of his speech he focused on the valid legislation of Spain when it comes to approved regulations to mitigate the tax barriers. He concluded proposing possible solutions to the problem such as an initial “filtering” of the structural investments.

DSC_0094_retocadaLater on, Frank Welman, General Director of Intertrust Luxembourg, highlighted the most characteristic factors of the fiscal market of Luxembourg, as well as a varied offer of products and financial services and their fiscal and political stability. He presented a general vision of Intertrust Luxembourg emphasizing their costumers database in Europe and Latin-America, where the second biggest office of Intertrust is located.

Carmen Rozpide, General Director of Intertrust Spain, started pointed out the added value of the Spanish office of Intertrust Spain as a business gateway to make business with Latin-America. She went through the history of the Intertrust office in Spain since it was established in 1995; she highlighted its proximity to the client. Mrs. Rozpide focused on the diversity of the activity sectors of the clients of Intertrust Spain and their adaptation capacity towards new challenges, ensuring a personalized service adapted to each client.

To end up, Sergio de Miguel-Jessel opened a round of questions in which the audience had the opportunity to get their questions answered by the speakers. During the conversations, it was raised the possibility of a change concerning the Spanish fiscal scenario as a consequence of the actual political uncertainty.

Juan Rodríguez-Villa Matons closed up the event expressing his gratitude to Intertrust and to the audience.


After the conference, the participants enjoyed a cocktail and had the opportunity to Exchange opinions about the subjects earlier discussed.



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Luncheon-Debate with Carlo Thelen, Director General of the Chamber of Commerce of Luxembourg

DSC01785Last Wednesday, 21 October, the Official Spanish Chamber of Commerce in Belgium and Luxembourg organized a Luncheon-Debate in Luxembourg with Carlo Thelen, Director General of the Chamber of Commerce of Luxembourg. The event was attended by the Ambassador of Spain in Luxembourg, Carlos de Lojendio y Pardo Manuel de Villena, as well as representatives of European Institutions, members of the Chamber and corporate executives, among other participants.

The Luncheon started with the intervention of Juan Rodríguez-Villa Matons, President of the Official Spanish Chamber of Commerce, who welcomed the participants and Mr. Thelen for his collaboration, highlighting his professional career and the important role of the Chamber of Commerce in Luxembourg in the Grand Duchy.


Carlo Thelen started his exposition introducing the current macroeconomic context, pointing out the oil falling, a historically low tax interest, an unconventional monetary policy and the depreciation of the euro. Then, the speaker focused in his speech on the bilateral economic relations between Spain and Luxembourg, as well as in the different trade promotion activities carried out by Luxembourg in Spain.

Afterwards, the President of the Chamber of Commerce of Luxembourg introduced the most relevant sectors and those with the highest investment potential in the Grand Duchy, such as finance, logistics, technological and communications sectors, and the Eco-technological sector.

Mr. Thelen finished his speech stating the challenges of the Luxembourgian economy. He provided public administration data about the growth and the politics the Government of Luxembourg is expecting to carry out in the upcoming years. Regarding this, he highlighted the strategy of the “Third Industrial Revolution” which is intended to be developed between the Chamber of Commerce of Luxembourg and the Government of Luxembourg.

After a round of questions among the attendees, the Economic and Commercial Counselor of the Embassy of Spain, David Martínez Hornillos, closed the event displaying economic bilateral data between Spain and Luxembourg, and pointing out the ability of the economy of Luxembourg to adapt to structural changes.

See Carlo Thelen’s presentation



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New Year’s Cocktail 2015

Last 21st of January the Official Spanish Chamber of Commerce in Belgium and Luxembourg celebrated in Luxembourg a New Year’s Cocktail where members, entrepeneurs and senior management and representatives of European Institutions and other local institutions were present. Furthermore, it counted with the presence of His Excellency Mr. Carlos de Lojendio and Pardo Manuel de Villena, Ambassador of Spain in Luxembourg.

Mr. Juan Rodriguez-Villa, President of the Chamber of Commerce, welcomed the assistants and highlighted the evolution of the delegation of the Chamber in the Grand Duchy since its opening in 2012 and its activity of last year. The President thanked the members of the Board of Directors of Luxembourg for their work and effort during this period.

After that, Sergio de Miguel-Jessel, Vice-President of the Chamber of Commerce, who showed the role of the Chamber last year in Luxembourg and invited the assistants to toast for 2015, predicted a positive growth of the activity and provision of services.

The event, that took place at the Meliá hotel of Luxembourg, counted with a relaxed atmosphere among the more than 60 assistants, who could enjoy an aperitif accompanied with Spanish wine. The cocktail ended with the draw of a flight to Madrid offered by the company Luxair.



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