Luxembourg · Investment vehicles

Choose and set up the right Luxembourg vehicle for your investors

Luxembourg has a vehicle for every kind of investment: a holding for your own group, a partnership for a private equity fund, a regulated fund for institutions, a private wealth company for a family. Answer four questions and see which one fits. We set it up and coordinate the managers and administrators it needs.

Takes one minute. Free first consultation.

Investment vehicles at a glance
VehiclesSOPARFI, SCSp, RAIF, SIF, SICAR, SPF
Unregulated set-up2–4 weeks
Regulated fundsSeveral months with CSSF approval
InvestorsFrom one family to institutions
QuoteFixed, within one business day
Vehicle finder

Which Luxembourg vehicle fits your investors?

Four questions. The best match appears below, and the comparison table further down highlights it.

1. Whose money goes in?

2. What will it invest in?

3. Do investors need a regulated product?

4. When do you need it?

A first orientation, not legal or tax advice. We confirm the vehicle on a call before anything is set up.

Compare

Six Luxembourg vehicles side by side

Well-informed investors are institutional or professional investors, or others who confirm their status in writing and invest at least EUR 100,000.

VehicleWhat it isSupervisionInvestorsMinimum capitalTax at vehicle levelLaunch
SOPARFICompany (S.à r.l. or S.A.)Not supervisedAnyoneEUR 12,00023.87%, with exempt dividends and exit gains2–4 weeks
SCSpSpecial limited partnershipNot supervised; AIFM rules if it is a fundAnyoneNoneTax-transparent2–4 weeks
RAIFAlternative fundThrough an authorised AIFM, no CSSF approvalWell-informed investorsEUR 1.25m within 12 months0.01% subscription taxAbout 1–2 months
SIFSpecialised investment fundCSSF approval and supervisionWell-informed investorsEUR 1.25m within 12 months0.01% subscription taxSeveral months
SICARRisk capital companyCSSF approval and supervisionWell-informed investorsEUR 1mTaxable, but risk-capital income is exemptSeveral months
SPFPrivate wealth companyStatus checked by the tax officeIndividuals and family entitiesEUR 12,000 (S.à r.l.)No corporate tax; 0.25% subscription tax2–4 weeks
The first decision

Regulated or not decides most of the cost

A SOPARFI or an SCSp runs lean: a company or partnership, a director and an accountant. A RAIF, SIF or SICAR adds an authorised fund manager, a depositary, an administrator and an auditor, and the running cost rises accordingly.

Choose regulation because your investors need it, not by default. It is hard to reverse after launch. We tell you on the first call which side of the line your investors are on.

What we set up

Pick your vehicle and start today

Holding or deal SOPARFI

For your own group or a single deal.

SCSp partnership

For private equity, venture and club deals.

RAIF, SIF or SICAR

Regulated funds, with the manager and administrator we coordinate.

SPF for your family

Passive family wealth in one tax-exempt company.

How it works

From idea to a vehicle that can take money

1Day 1

Describe the investment

Who invests, in what, and how much.

2Days 1–5

Vehicle and quote

We confirm the vehicle and send a fixed quote.

3Weeks 2–4 or months

Set-up

Documents, registration, and for funds the manager and administrator.

4Launch day

Launch

Bank accounts open and investors can subscribe.

FAQ

Investment vehicle questions

How much does a Luxembourg investment vehicle cost?+

An unregulated SOPARFI or SCSp costs far less to set up and run than a regulated fund, which also pays a manager, depositary, administrator and auditor. We send a fixed quote for our part after a short call.

Do I need an AIFM?+

A RAIF always needs an authorised external AIFM. An SCSp or a SIF that qualifies as an alternative investment fund may need one too, depending on its size and investors. We coordinate licensed managers; we are not one.

Who is a well-informed investor?+

An institutional or professional investor, or another investor who confirms their status in writing and invests at least EUR 100,000, or who is assessed by a bank or manager.

Can an SPF own my operating company?+

An SPF can hold shares but may not manage its subsidiaries, trade, or invest in real estate. For operating companies a SOPARFI is the right vehicle.

How fast can we launch?+

A SOPARFI, SCSp or SPF can be set up in two to four weeks from a complete file. A RAIF usually takes one to two months. A SIF or SICAR needs CSSF approval, which takes several months.