New legislation in Luxembourg creates alternative vehicle to the traditional LP

Following the introduction of a new law in Luxembourg, a framework has been created for the Société d’Investissement à Capital Risque (Sicar) – a new vehicle to rival the established limited partnership. The main advantage of the vehicle is the structure as an onshore fund which is tax-paying but tax-efficient as opposed to the traditional US and UK models based offshore. In addition, being based in Luxembourg is not a prerequisite and the vehicle can run independently or alongside a traditional LP.

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