General overview of the Luxembourg AIF structures - Legal and tax environment

As the major location for investment funds in Europe, Luxembourg offers a broad choices of possible vehicles that meet most of the promoters' constraints, in terms of investment strategy, marketing and level of regulation or supervision. Understanding the characteristics of each category of vehicles allows you to choose the most appropriate vehicle for your particular project. Tax considerations are also key and asset managers shall ensure that the fund structure is optimum from a tax perspective.

At the end of this training, the participants will be able to:

• know the Luxembourg toolbox for AIFs;
• understand the characteristics, advantages and constraints of each vehicle category;
• understand the role of the different service providers to an AIF;
• understand the tax drivers that must be considered when discussing fund structuring.

• Main Luxembourg and EU regulatory framework
• Luxembourg available vehicles (part II Funds, SIF, SICAR, RAIF and partnership)
• Umbrella and share classes structures
• Main service providers (AIFM, investment manager/advisor, distributor, depositary bank, central administration)
• Tax drivers to analyse when setting up a fund

Certificate of attendance

This training is coordinated by Mathieu Scodellaro, Principal and head of investment funds at PwC Legal and Luc Petit, Tax Partner in the Alternative Tax team of PwC Luxembourg