(undertakings for collective investment
) in Luxembourg
are regulated by the Part II of the Law of 17 December 2010
. UCI structures in Luxembourg
have to follow the regulations imposed by the Comission du Surveillance du Secteur Financier (CSSF)
, which is the main institution which provides authorization for investment funds
in this country. Investors who want to open a company in Luxembourg
under the form of an UCI
may set up the fund
under several legal entities, on which our team of company formation representatives
can provide assistance.
Legal entities for UCIs in Luxembourg
The procedure of company formation in Luxembourg
for UCI vehicles
stipulates a wide range of legal entities
that may be set up for this structure, as presented below:
• common fund (FCP);
• open-ended investment company (SICAV)
• closed-ended investment company (SICAF).
In the situation in which the businessmen will prefer the SICAV
or the SICAF
structures, they will be able to register the fund
under the following legal entities
• public limited company;
• limited partnership;
• partnership limited by shares;
• private limited company.
Foreign businessmen who will choose the FCP form must know that the structure does not have a legal personality, in which case, the fund should be managed by a management company.
The main advantage of setting up an UCI in Luxembourg
refers to the fact that the investors can run multiple investment strategies
, as the vehicle
allows the registration of umbrella funds
within the fund
, which means that the company
may carry out several investments
at the same time. Our team of company formation agents in Luxembourg
can provide more details on the benefits deriving from this provision.
Registration of an UCI in Luxembourg
In order to receive authorization from the CSSF, the investors will need to provide a set of documents, such as the constitutive documents of the fund and the information on the directors or the managers of the management company, depending on the case.