Fees by service line · Funds and investment vehicles
Fund, SCSp and SPV accounting fees in Luxembourg in 2026
Fund or SPV accounting in Luxembourg starts at EUR 6,000 excl. VAT a year for an SCSp or an unregulated vehicle, with annual accounts from EUR 2,500 excl. VAT, investor capital accounts from EUR 150 excl. VAT per investor per year and periodic reporting from EUR 750 excl. VAT per cycle. We provide accounting and unregulated administrative support, never the functions reserved to an AIFM, a depositary, an authorised central administration or an approved auditor.
Fees by service line: Accounting · Company formation · Payroll · VAT · Corporate secretarial · Directorship · SOPARFI · Odoo Overview.
How much does accounting for an SCSp or SPV cost?
Accounting for an SCSp or SPV costs from EUR 6,000 excl. VAT a year in Luxembourg for an unregulated vehicle with a limited number of investments and investors, annual accounts included from EUR 2,500 excl. VAT. The price follows the number of transactions, investors and investment lines, not the size of commitments.
| Service | Price | Unit |
|---|---|---|
| Annual accounting of an unregulated SCSp or SPV | from EUR 6,000 | Per year |
| Annual accounts of an investment vehicle (Lux GAAP) | from EUR 2,500 | Per financial year |
| Investor capital accounts | from EUR 150 | Per investor per year |
| NAV calculation or periodic reporting | from EUR 750 | Per cycle |
| Investor reporting | from EUR 500 | Per period |
| Closing file for the auditor | from EUR 1,500 | Per financial year |
| FATCA and CRS filings of the vehicle | from EUR 750 | Per year |
| Coordination with AIFM, depositary, lawyer, auditor | EUR 150 to 250 / h | Time spent, agreed annual budget |
What does the fiduciary cover and what do regulated functions cover?
The fiduciary covers the vehicle's bookkeeping, annual accounts, capital accounts, tax returns and unregulated reporting; it does not cover portfolio management, the depositary function, central administration of a regulated fund or the audit of the accounts, which belong to CSSF-authorised professionals or approved statutory auditors.
| Function | Who performs it | Our role |
|---|---|---|
| Bookkeeping, annual accounts, capital accounts, vehicle taxation | Financial Services Luxembourg | Execution |
| Portfolio and risk management | Authorised or registered AIFM | None; we take its instructions |
| Safekeeping of assets, cash flow monitoring | Authorised depositary | Coordination and reconciliation |
| Central administration of a regulated fund (RAIF, SIF, SICAR) | CSSF-authorised administrator | None; we may assist the initiator upstream |
| Statutory audit | Approved statutory auditor | Preparation of the closing file |
Mickaël LOC's take
The word fund attracts five-figure fees. An SPV with two investors and three investment lines is an SCSp with capital accounts, not a regulated fund; its accounting costs EUR 6,000 a year, not 25,000. The line that matters is the regulatory one, and we state it on the first call rather than let an initiator pay for a central administration he does not need.
How much does a real-estate SPV cost over a year?
A real-estate SPV holding one building and funded by four investors costs about EUR 10,300 excl. VAT a year in accounting and administration: EUR 6,000 accounting, EUR 2,500 annual accounts, EUR 600 capital accounts, EUR 750 reporting and EUR 450 coordination, excluding the auditor if thresholds require one.
| Item | Annual amount |
|---|---|
| SPV accounting | EUR 6,000 |
| Lux GAAP annual accounts | EUR 2,500 |
| Capital accounts, 4 investors | EUR 600 |
| Investor reporting, half-yearly | EUR 750 |
| Lawyer and bank coordination, 3 senior hours | EUR 450 |
| Total fees | EUR 10,300 |
Frequently asked questions
Do you keep the books of a RAIF or SIF?
No. Central administration of a regulated fund is reserved to a CSSF-authorised administrator. We work on unregulated vehicles (SCSp, SPV, participation companies) and assist the initiator before a fund is set up.
Does the price depend on the size of commitments?
No. The price depends on the number of transactions, investors and investment lines. A EUR 50 million SPV with three lines costs less to keep than a EUR 2 million vehicle with thirty lines.
Do you maintain capital accounts according to the partnership agreement?
Yes. Capital accounts follow the allocation rules of the limited partnership agreement (calls, distributions, expenses, carried interest), with a statement per investor and per period.
What if the vehicle exceeds the audit thresholds?
We prepare the closing file for the approved statutory auditor (from EUR 1,500 excl. VAT) and coordinate his requests. The audit is performed by the auditor, never by the firm.
Read next
Get a firm quote within 24 hours
Amounts excl. VAT (17%). Grid in force at the date shown; the signed engagement letter is the only contractual document.