Luxembourg Investment Vehicle Overview
Should I set up a RAIF or consider other options?
The pros and cons of RAIFS
New
July 2016
Tax
considerations
must be made
on a case-by-
case basis
RAIF
Pros
No prior CSSF approval, i.e. time-to-
market advantage
⚫ I can avail of the umbrella-structure
• I have the same investment
possibilities and little investment
restrictions like in SIF and SICAR
structures
• I can avoid on-going CSSF
supervision (the AIFM will bear it)
• RAIFS can "switch" to the SIF-regime
at a later stage
Cons
⚫ I must appoint a fully licensed AIFM,
which could be expensive
• When I drive my investment vehicle
under the "de-minimis" rule (below
the 100 mln / 500 mln € thresholds)
and I need no EU-marketing
passport, a regulated AIF could be
cheaper but more time-consuming
in the set-up phase (prior CSSF
approval is required)View entire presentation