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ARTICLE · 17 MAY 2022

The SICAR Regime - Update May 2022

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

The Law of 15 June 2004 introduced into Luxembourg law the investment company in risk capital (société d'investissement en capital à risque or "SICAR") which was conceived as...

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

INTRODUCTION

The Law of 15 June 2004 introduced into Luxembourg law the investment company in risk capital (société d'investissement en capital à risque or "SICAR") which was conceived as a customised vehicle for investment in private equity and venture capital. The intention was to introduce a vehicle which could cope with the specific structural needs of private equity and venture capital projects, benefiting from a light regulatory regime while still being subject to the permanent supervision of the Commission de Surveillance du Secteur Financier ("CSSF"). In a nutshell, the SICAR regime offers a great deal of corporate flexibility along with recognised supervision and favourable tax treatment.

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