Twitter Logo Youtube Circle Icon LinkedIn Icon

Publishing firms

Legal Developments worldwide

Specialized Investment Fund (SIF): a new Luxembourg investment vehicle is born

July 2007 - Finance. Legal Developments by Chevalier & Sciales .

More articles by this firm.

 

On 13th February 2007, the Luxembourg parliament passed a law that introduced the specialized investment fund (SIF) regime. The new law provides a more flexible framework for specialized investment funds. The SIF is a lightly regulated and tax efficient fund. The SIF gives fund promoters an on shore alternative to consider (as compared to traditional offshore jurisdictions such as Cayman and BVI) when deciding on the jurisdiction for setting up a fund and the type of fund vehicle to use.


luxembourg_-_specialised_investment_fund_-_memorandum