SICAR - venture capital / private equity company
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1 - TAX REGIME
• Minimal capital : EUR 1.000.000.- to be attained after 12 months
• Contribution duty 1%, max EUR 1.250.-
• Wealth tax : exempted
• Tax on income (dividends, interests on securities, capital gains) exempted
• Distribution of dividends : no tax on dividends distributed
• VAT : no VAT |
2 - ELIGIBLE INVESTORS
The investors must be “informed” investors like:
• institutional investors
• professional investors
• investors signing a declaration of “informed” investor with a minimum investment of EUR 125.000.- |
3 - DEPOSITORY
• The assets must be deposited with a depository established in Luxembourg (a bank).
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4 - AGREEMENT AND SURVEILLANCE
Beforehand agreement by the CSSF (the banking control authority) which must approve:
• the incorporation documents
• the name of the depository
• the managers/directors (respectability and experience)
• central administration in Luxembourg
Control by an independent auditor. |
5 - PROSPECTUS AND ANNUAL REPORT
• prospectus outlining the investment policy and the risks
• an annual report and a prospectus have to be established every year |
6 - NET ASSET VALUE
• calculation twice a year on the basis of the probable value of realisation.
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