The Grand Duchy of Luxembourg is inhabited in the centre of Europe and is deemed to be the significant trading and commercial centre of the world economy. One of the foremost reasons for that is the positive tax and corporate law of Luxembourg. Special tax rates have drawn a lot of foreign businesses in the form of investment funds, insurance/ security companies, and also ships. Lately, there has been a increasing importance for businessmen throughout the world in registering their business in Luxembourg for the obvious tax benefits.
Timeframe: up to 4 months
Minimum capital requirements: Management businesses must have a minimum capital of 1090000 Pound. Plus additional own funds determined as a percentage of the assets under management. Self-management companies have a minimum capital provision of 260000.00 pounds.
UCITS are created for retail investors, and benefit from the European Passport, allowing them to be easily marketable everywhere in the EU nations with a least of customs.
The European passport provides a UCITS to be marketed to all kinds of investors and recorded for distribution in all EU Member States. The point that a UCITS is no longer bound to obey a permission process in each market has considerably stimulated the method of propelling a UCITS and reduce associated costs. Although the Minimum capital requirement of EUR 1.25 Mio has to be attained within six months following approval.