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The Luxembourg Specialised Investment Fund (SIF)

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This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/luxembourg-specialised-investment-fund-sif

Advantages of setting up a SIF in Luxembourg

The following are the advantages of setting up a SIF in Luxembourg:

  • Can be established as a SICAV or SICAF. These can be established as public limited companies (SA), Private limited company (SARL), limited partnerships, special limited partnerships (SLP) or partnerships limited by shares (SCA).
  • Can be setup as a contractual fund (FCP) with no legal personality and managed by a management company.
  • Can be setup as an Umbrella Fund as well, with multiple compartments
  • Asset protection – The SIF has to appoint an eligible custodian, that has to be present in Luxembourg, either directly or through a branch office.
  • Supervision – The SIF is supervised directly by the CSSF. In case the SICAR falls under the purview of the AIFMD, then it has to appoint a regulated AIFM, which adds an additional layer of regulation and protection for the investors.
  • Tax attractiveness – The SIF is exempt from most Luxembourg taxes. There is a 0.01% tax on the net asset value of the fund.
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