open a sicav in luxembourg
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A presentation brought to you by StartLuxembourgFund.com
Open a SICAV in Luxembourg
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SICAV structure in Luxembourg
A SICAV (Société d’Investissement à Capital Variable) in Luxembourg is an investment company with variable capital.
The SICAV can be set up as a limited company with a share capital equal to its net assets.
The SICAV structure falls under the category of undertakings for collective investments (UCI).
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Setting up a SICAV in Luxembourg
When setting up a SICAV in Luxembourg, the investors must know that they can rely on a very solid market, as Luxembourg is the leading investment fund center in Europe.
The SICAV is subject to the Fund Law in Luxembourg. The SICAV structure is regulated by the 2002 Law and the SIF Law of 2007.
It also relies on the Commercial Company Law.
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The characteristics of SICAV in Luxembourg
The SICAV structure can be set up as commercial company.
This type of fund can be managed by a designated fund management company. It can also be managed by a self-managed investment company, but only if the investors qualify for this option.
A SICAV can create multiple sub-funds.
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Register a SICAV in Luxembourg >>Sub-funds created under a SICAV must carry out different investment policies.
The SICAV does not need to complete various formalities in order to increase and decrease the company’s capital.
In order to register a SICAV in Luxembourg, the investors will need a capital of EUR 1,250,000.
Our team of financial experts can assist investors in this procedure.
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>> Register a SICAV in Luxembourg A SICAV in Luxembourg will need to deposit its capital in a period of six months since the fund received its authorization.
Funds in Luxembourg receive their authorization to perform investment activities on the local market from the CSSF (Commission du Surveillance du Secteur Financier).
The CSSF also establishes policies for the reporting requirements, including taxation aspects.
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Taxation of a SICAV in Luxembourg >>
The accounting principles for annual and semi-annual reports are established by the CSSF and funds in Luxembourg are required to respect such measures.
The CSSF will also approve the constitutive documents of the fund. Investment funds in Luxembourg are exempted from the income tax.
SICAVs are also exempted from paying the Value Added Tax.
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>>Taxation of a SICAV in Luxembourg
SICAVs in Luxembourg are also not required to pay the capital gains tax and the withholding tax.
However, they are liable to paying the subscription tax. Its value is established at 0,05% of the fund’s net assets.
The company’s financial report must be completed by an authorized auditor. Our financial consultants can assist investors on the taxation aspects.
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Legal forms for a SICAV in Luxembourg The SICAV structure can be set up as:
• public limited company;
• private limited company;
• partnership limited by shares;
• limited partnership;
• special limited partnership;
• cooperative company set up as public limited company.
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Consultancy Services in Luxembourg
Our team of financial representatives can assist foreign investors with more details on the legal requirements to set up an investment fund.
Investors can receive in-depth information about other similar structures, such as the SICAF.
Other type of investment funds that might be attractive on this market can be the securitization vehicles.
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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