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Create an UCI in Luxembourg
A presentation brought to you by Lawyers-Luxembourg.com
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Investment Funds Laws in Luxembourg
UCITS and alternative investment funds in Luxembourg fall under the Undertakings for Collective Investment in Transferable Securities Directive.
In 2007, Luxembourg enabled the Specialized Investment Fund Law in order to facilitate the establishment of alternative investment funds.
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Undertakings for Collective Investments in Luxembourg
An UCI – undertaking for collective investment – is a type of investment fund in Luxembourg that offers investors the possibility to generate income, access a portfolio with multiple investments and share the associated costs.
Our lawyers in Luxembourg can help you open an UCI and manage your investments.
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Features of Luxembourg UCIs
Three of the most important characteristics of an undertaking for collective investment in Luxembourg are:
the collective investment of funds;
the capital is raised from multiple investors;
the capital is invested following a specific investment policy and for the benefit of the investors.
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Other Features of Luxembourg UCIs
UCIs need to have a board of directors and it can be tax transparent (for FCP) or non-tax transparent (for SICAV and SICAF).
Regardless of the basic structure chosen for the UCI, investment funds need to comply with VAT regulations in Luxembourg.
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Structure of an UCI in Luxembourg
UCIs can take the form of Undertakings for Collective Investment in Transferable Securities (UCITS) or the form of Alternative Investment Funds (AIFs).
UCITS can be marketed to all investors in the EU/EEA countries.
AIFs need to be marketed according to special requirements for AIF managers.
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Opening an UCI in Luxembourg
UCIs in Luxembourg can be set up as a common funds (FCP) or as an investment companies with variable capital (SICAV) or an investment companies with fixed capital (SICAF).
A common fund (FCP) has no legal personality and must be managed by an authorized management company. Our Luxembourg lawyers can help you open a SICAV or a SICAF.
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Organization of UCIs in Luxembourg
An UCI in Luxembourg needs several service providers who have various duties and who are appointed accordingly, such as:
a sponsor, promoter or initiator; a management company; a portfolio manager; an investment adviser and an
administrator a domiciliation agent; a distributor and a nominee.
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Assistance in Creating an UCI in Luxembourg
Our Luxembourg lawyers can help you create an undertaking for collective investment in the Grand Duchy.
You can also contact our law firm in Luxembourg for information about other types of business structures in Luxembourg.
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Thank you for your attention!
For more information, please contact us at:
(+44) 203-287 0408 (for international clients)
www.lawyers-luxembourg.com
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