Tax
Luxembourg's new carried interest regime: attracting investment talent
Luxembourg adopted a modernised carried interest tax framework in January 2026. For emerging managers building teams in the Grand Duchy, the numbers finally make sense.
Luxembourg Fund Insights
The grand duchy of fund domiciliation. Luxembourg is the world's second-largest fund domicile after the US, and most managers with cross-border ambitions end up here eventually. CSSF oversight, RAIF and SCSp vehicles, and distribution into basically every market you'd want. We get into Luxembourg fund formation, RAIF structuring, CSSF requirements, and what it actually takes to get a vehicle launched there.
Regulatory
AIFMD II liquidity management tools: the April 2026 implementation
Luxembourg's AIFMD II transposition is live. If you run an open-ended alternative fund, you now need at least two liquidity management tools in your fund documents — and closed-end managers should pay attention too.
Fund structuring
Launching a RAIF in Luxembourg: timeline, costs, and what we handle
The Reserved Alternative Investment Fund has become the default Luxembourg vehicle for emerging managers. Here is what the launch process looks like end to end — from AIFM appointment to first close — and how the work is divided between the manager and the fund services team.
Tax
Tax election strategy: SICAR-like vs. SIF-like RAIFs and the subscription tax
Luxembourg RAIFs let you choose your tax regime at formation. Pick wrong and you either overpay or lock yourself into a structure that does not fit your strategy.
Fundraising
The 'well-informed investor' standard: Luxembourg's EUR 125,000 gateway
Luxembourg's alternative funds are not open to everyone. The well-informed investor standard sets a EUR 125,000 minimum — but there are workarounds that every emerging manager should know.
Regulatory
AIFM registration vs. authorisation in Luxembourg: understanding the EUR 100/500 million thresholds
Every Luxembourg fund manager must choose between registering as a sub-threshold AIFM or seeking full authorisation. The thresholds are simple, but the consequences of getting it wrong are not.
Fund structuring
RAIF vs. regulated fund structures: choosing the right speed to market in Luxembourg
Luxembourg gives you three ways to structure an alternative fund. Only one of them lets you skip CSSF approval entirely — and that changes everything for a first-time manager.
VC fund pricing in Luxembourg
CSSF regulatedEU passportGlobal fund hubSetup: 6–8 weeks