Luxembourg: 如何在卢森堡成立另类投资基金

Last Updated: 11 February 2019
Article by Bruno Bagnouls

卢森堡是欧洲、中东和非洲(EMEA)投资基金领域的目标市场。若要在卢森堡成立基金,您必须考虑几个关键因素。

作为主要投资基金地点, 卢森堡稳健的基础和信誉源起于1990年代初期。当时,该行业因 "可转让证券集合投资计划"(UCITS)而成立起来,包括股票和债券。

多年来,该行业增添了条例,也出现了许多为吸引私募股权和资本投资经理而设计的基金,如风险投资基金(SICAR)、专业投资基金(SIF)和近期的 保留型另类投资基金(RAIF)。

这些基金的条例各有所异,而灵活度则是关键的吸引力。这也与卢森堡成立、管理和控制基金的税收效率和条例有关。卢森堡如今是地产私募基金(PERE)的中心,其策略不是针对本地性的,而是横跨欧洲及其它地区的跨境策略。

泽西 耿济岛 英国也是闻名的基金市场区域。当来到"如何为基金选择正确地点"的一环时,投资者的所在地是关键。而卢森堡的灵活度和盎格鲁撒克逊(Anglo-Saxon)主张与有限合伙非常相似,这吸引了大量来自美国和英国的投资经理与投资者。

选择正确的基金

对PERE投资计划有策略的投资经理,会选择卢森堡的基金和条例类型,以吸引他们在特定投资策略下想要吸引的投资者。

以下是关键因素:

  • 基金规模
  • 投资者的国籍和税务居民身份
  • 投资策略的性质和复杂度

需要考量的法律形式很多,包括可变资本投资公司(SICAV)和公共投资基金(FCP)。所有基金都能以单一基金或伞形基金的方式成立,而投资者也可以选择投资在单一或数个部分。

卢森堡的关键优势是其支持投资经理(经理、受托人和管理人等)的生态系统有优良的架构,当中有一定数量以卢森堡为基地的供应商和专家,能够帮助基金或投资经理去组织和管理基金。

管理者必须具备的特质

当成立基金和选择管理者时,您必须做对两件事情。

1. 过程和程序的精密审核符合当地规范和您的需求。

基金受到高度管制,而您必须确保与您合作的伙伴遵守所有相关法律和条例,而且更重要的是确保万无一失。您的伙伴会与基金的投资者接触,因此监察他们员工的素质、过程和系统非常重要,这样一来,您才能确信他们是合适的人选。

2. 迅速、安全和容易获取数据。

您和您的投资者都需要非常快速地获取有关活动的文件和数据,而这与基金的实体有关。在这里,门户网站是最理想的解决方案,您的管理者需要具有此设备。

TMF卢森堡办事处能担当您的基金管理者。我们的专业团队可以负责处理基金和基金实体的会计事宜,包括计算净资产价值(NAV)、股票注册(包括了解您的客户服务)、企业秘书和管理。

为配合另类投资基金经理人的要求,TMF卢森堡办事处也提供受托服务

我们的优势在于我们的全球网络覆盖超过80个国家,并拥有7000名专家。因此,我们能够为基金所持有的所有公司提供服务,即使它们遍布在不同的区域。

我们提供服务的方式一般被称为"圣诞树效应"或"垂直整合"模式,相较于其他没有全球网络或广泛服务的同行而言,我们是独特的。

与我们联系

TMF卢森堡办事处与横跨整个投资领域的基金组织合作,包括PERE基金、贸易融资、债务和组合型基金组织。

我们为基金经理提供完整和独立的服务。 联系我们,以了解我们如何帮助您设立卢森堡基金。

了解我们的服务如何帮助客户和伙伴实现所有的投资潜能

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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