Foreign investors can receive assistance on the investment opportunities provided by the SICAR structure. Our team of financial experts can provide an in-depth presentation on the SICAR law and businessmen can contact them at http://www.startluxembourgfund.com/

1. Set up a SICAR in Luxembourg
A presentation brought to you by StartLuxembourgFund.com
1

2. 2
SICAR Law in Luxembourg
The Luxembourg investment company
in risk capital (société
d'investissement en capital à risqué -
SICAR) is regulated by the Law for
collective investment schemes,
enabled in June 2004.
The SICAR company was created for
private equity and venture capital
investment.
The law was amended in 2008.

3. 3
Regulations for SICARs in
Luxembourg
Since 2008, the Government introduced
the option of multiple sub-funds for
SICARs.
Since then, SICARs can be set up as:
• umbrella companies with multiple
sub-funds;
• limited partnerships with variable
capital.

4. 4
The utility of SICARs in
Luxembourg >>
SICARs are usually used for raising
private equity or venture capital. They
are allowed to list their shares on the
Stock Exchange, but only in specific
conditions.
Investments in a Luxembourg
SICAR company are required to meet
two criteria:
• they must be high risk companies;
• they will be used to develop the
company the SICAR invested in.

5. 5
>> The utility of SICARs
in Luxembourg
The second option can be satisfied in
several ways, which are prescribed by
the local legislation.
Thus, the company can appeal to
modernization or restructuring.
One of the greatest advantages of a
SICAR is the flexibility the investors
have.
Our team of financial experts can offer
more details on this matter.

6. 6
Forms of SICARs in
Luxembourg
The Luxembourg SICAR can be
incorporated under five legal forms:
• partnership limited by shares;
• limited partnership;
• private limited liability company;
• public limited company;
• cooperative company organized as a
public limited company.

7. 7
Register a SICAR in
Luxembourg >>
Both corporate entities and individuals
are allowed to open a SICAR in
Luxembourg.
There is no minimum number of
shareholders a SICAR in
Luxembourg can have. The minimum
share capital for this type of investment
fund is EUR 1 million.
The capital must be deposited within 12
months since the structure received its
authorization.

8. 8
>> Register a SICAR in
Luxembourg
The company must have a registered
address in Luxembourg.
The Luxembourg SICAR have to be
authorized by the Supervisory
Authority for the Financial Sector
(CSSF).
Our team of financial consultants
can provide legal assistance for this
procedure.

9. 9
Requirements for a
SICAR in Luxembourg
The SICAR will be required to draft a
prospectus. It will also be necessary to
provide an annual report at the end of
each financial year.
The report must be audited by an
independent qualified auditor.
Foreign investors can also set up an
investment company with variable
capital (SICAV), which is a similar
structure to SICAR.

10. 10
Consultancy Services in
Luxembourg
Our team of financial
representatives can also assist
investors with advice on the taxation of
the investment structures available
under the local legislation.
Our experts can offer assistance in
setting up compartments in a fund.
Investors can find out more details on
the main functions an investment
fund can have in Luxembourg.

11. Thank you for your
attention!
For more information please contact us at:
(+44)203-287 0408 (for international
clients)
office@startluxembourgfund.com
www.startluxembourgfund.com
11