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Luxembourg Investment Vehicles

■Legal and regulatory requirements ■ Shareholding ■Reporting requirements ■ Approval and supervision ■ Taxation RAIF only with authorised AIFM Double Taxation Treaties (DTT) A RAIF investing in a portfolio of risk capital (such as a SICAR) and set up in the form of a corporate entity (all types except the SCS and SCSp) should benefit from the Luxembourg double tax treaty network. The following applies to a RAIF not investing in a portfolio of risk capital (such as a SICAR) and set up as a: FCP In principle, no access to DTTS. Exceptions apply to a few DTTS, determined based on the Circular Letter L. G.-A. n° 61 dated 8 December 2017. SICAV/SICAF Access for a large number of DTTs, determined based on the Circular Letter L. G. - A. n° 61 dated 8 December 2017. Supervised Investment Vehicles SCS with authorised AIFM No access to DTTS signed by Luxembourg. SCSP with authorised AIFM No access to DTTS signed by Luxembourg. Luxembourg Investment Vehicles KPMG 39
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