investment funds in luxembourg
TRANSCRIPT
A presentation brought to you by StartLuxembourgFund.com
Investment funds in Luxembourg
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Investment fund market in Luxembourg Luxembourg is the leading investment fund center in Europe.
It provides the best climate for investments.
At an international level, Luxembourg is the second market for the incorporation of a fund.
Luxembourg is an important financial center with a highly developed regime for investment funds.
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Investment sector in Luxembourg Investment funds in Luxembourg are regulated by a single institution, the Commission for the Supervision of the Financial Sector (CSSF).
The financial sector is the most representative for the Luxembourg’s Gross Domestic Product (GDP).
It contributes at the local economy with a quarter of the total GDP.
The first investment fund in Europe was created in Luxembourg.
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Types of investment funds in Luxembourg >> Luxembourg has an impressive number of funds and sub-funds.
The undertakings for collective investments (UCI) are set up as:
• UCITS: undertakings for collective investment in transferable securities.
• alternative investment funds (AIFs), such as hedge funds or real estate investment funds.
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>> Types of investment funds in Luxembourg
There are three legal structures with the following characteristics:
• the common investment fund (FCP), with no legal personality;
• the investment company with variable capital (SICAV), where investors control the capital;
• the investment company with fixed capital (SICAF), in which the capital can’t be modified.
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Management of an investment fund >>Investment funds in Luxembourg must be managed by a management company in most of the cases.
However, investors can also manage their funds in the case of SICAV or SICAF.
The management company will provide management services, including tax related matters.
Our team of financial experts can provide assistance in this sense.
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>> Management of an investment fund Our experts in Luxembourg can help entrepreneurs set up an investment company or a common fund.
SICAV and SICAF must be registered under one of the legal entities available in Luxembourg.
Common investment funds (FCPs) will need to be managed by a Luxembourg management company.
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Risk management in Luxembourg
Risk management is an important process for any UCITS in Luxembourg.
It can be provided by a number of professionals in the financial industry.
The board of the managing company will oversee the risk management process.
Our team of financial agents can offer assistance on risk management procedures.
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RAIF in Luxembourg
Recently, the local authorities have approved the legislation referring to a new investment tool.
It addresses to professional investors.
The reserved alternative investment fund is a tool which facilitates the access of foreign investors on the local market.
RAIF is an alternative investment fund which should start its activity without a prior approval from the CSSF.
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Consultancy Services in Luxembourg Our team of financial consultants can provide assistance for fund administration and legal compliance for any chosen investment vehicle.
Investors can receive assistance for the incorporation of an investment fund or an investment company.
Our experts can also assist investors with advice on the taxes applicable to investment funds.
Thank you for your attention!
For more information please contact us at:
(+44)203-287 0408 (for international clients)
www.startluxembourgfund.com
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