FUNDS, 05Aut. 10077274 · 142 Boulevard de la Pétrusse, Luxembourg

RAIF in Luxembourg, reserved alternative fund, fast to launch.

A RAIF is a Luxembourg alternative investment fund that requires no direct CSSF authorisation, provided it is managed by a fully authorised AIFM. It launches in 6 to 10 weeks. FSL handles its accounting, substance and reporting. FSL handles structuring, substance, accounting and reporting; CSSF authorisation and reserved acts are coordinated with our network of partner lawyers and notaries.

Get a quoteBook a consultation
In short

The RAIF (Reserved Alternative Investment Fund) is a Luxembourg alternative investment fund reserved for well-informed investors, not subject to direct CSSF authorisation but mandatorily managed by an authorised AIFM (law of 23 July 2016).

Reviewed by Mickaël LOCManaging Director · Licensed accountant 10077274 · Updated August 6, 2026ProfileLinkedIn
Legal basis

Law of 23 July 2016 on reserved alternative investment funds; management by an AIFM authorised under the law of 12 July 2013. Subscription tax of 0.01% in principle (specific regime under the risk-capital option).

Key takeaway

  • No direct CSSF authorisation, but a mandatory authorised AIFM: launch in 6 to 10 weeks.
  • Often set up as an SCSp with an intermediate SOPARFI (art. 166 LIR).
  • FSL operates the fund; AIFM authorisation, notarial acts and legal opinions sit with partners.

Who this is for

  • PE, VC, private debt and real estate managers
  • Sponsors seeking a short launch timeline
  • Family offices and well-informed investors

What we do

  • Vehicle scoping (SCSp, SCA, SICAV…) and two-tier structure with a SOPARFI
  • RAIF and SPV accounting, NAV calculation
  • Substance, domiciliation and governance
  • Coordination with AIFM, depositary, auditor, lawyer and notary

A free first call within 24 hours, with a dedicated contact. NDA from first contact.

Check my eligibility

Required documents

0/4
Get this checklist by emailSend my documents

Estimated timelines

Structuring & documentation3 to 6 weeks
Incorporation & launch6 to 10 weeks total
First NAVPer cycle

Pricing indication

Service
Profile
From
RAIF structuring support
On scoping
On quote 
Get my price →
Accounting & NAV
Simple vehicle
€1,500 / month
Get my price →
Substance & domiciliation
On scoping
€600 / month
Get my price →

Indicative ranges, excluding 17 % Luxembourg VAT, disbursements and filing fees. Firm quote after scoping.

Ready to structure your raif?

Free first call within 24 hours. Dedicated adviser, NDA from first contact.

Book a consultation

Preparation checklist

Get the list of documents and steps to start without friction.

Download the checklist

Trusted by our clients

4.9/5 · 120+ Google reviewsReviews and case studies →
PPierre AnisimovGoogle reviewExcellente expérience. Communication fluide et équipe très réactive. Très satisfait de leurs services, fiables et professionnels. Je recommande vivement.MMichel NillesGoogle reviewI connected with Financial Services because they were on my list, and it was a fantastic decision. Their expertise in financial services is real.RRonaldo Robalo RochaGoogle reviewIch bin seit mehreren Jahren Kunde und äußerst zufrieden mit ihren Buchhaltungsdienstleistungen. Das Team ist erstklassig.Ccora magloGoogle reviewCette société fait notre comptabilité ainsi que celle de plusieurs de nos clients, sociétés commerciales et holdings, depuis 2017.BBenoit KaldonskiGoogle reviewConfier l'incorporation de ma société à Financial Services a été un véritable soulagement. Leur maîtrise des démarches administratives est remarquable.AAlicia MartinGoogle reviewService très professionnel et compétent. Les prix sont très abordables, rapport qualité prix très positif. Monsieur LOC est une personne formidable.BBonald MeasGoogle reviewMickaël is an expert in accounting and will provide counsel to optimize your tax. Professional, always available and super reactive.SSandra FernandezGoogle reviewMerci pour votre temps et vos conseils, mais surtout pour votre gentillesse et votre humanité. Un comptable-fiduciaire passionné et à votre écoute.AAndrei AlexandruGoogle reviewThe best in Luxembourg, prompt service. A person that everyone wants to have like a friend. Thank you for all the good things.TThomasGoogle reviewUn cabinet d'un grand professionnalisme, attentif aux besoins de ses clients, prodiguant des conseils avisés. Je ne peux que le recommander.FFlorinda NzangiGoogle reviewMuy profesionales en su trabajo. Los recomiendo sin dudar.PPaulina SefikGoogle reviewNous vous remercions pour votre travail et votre rapidité. Deux ans qu'on vous fait confiance et on ne le regrette jamais.

The process, step by step

01

Structuring

Form and regime choice, holding structure, AIFM and depositary appointment.

02

Incorporation

Deeds (notary), registration, accounting set-up and substance. RCS/RESA publication.

03

Launch

First capital calls, first NAV, investor reporting.

04

Ongoing operation

Accounting, NAV, regulatory and investor reporting, annual accounts.

FAQ

Frequently asked questions

Does a RAIF need CSSF authorisation?

No direct authorisation of the fund. Supervision is exercised indirectly through the requirement of a fully authorised AIFM. This enables the fast launch.

How long to launch a RAIF?

Typically 6 to 10 weeks, depending on strategy complexity, documentation and onboarding of parties.

Which legal form?

Often an SCSp (transparent, favoured in PE/VC), but also SCA, Sàrl or SICAV. The choice depends on strategy and investors.

What taxation?

A RAIF is in principle subject to a 0.01% subscription tax. A RAIF investing in risk capital may elect a specific regime. Intermediate SOPARFIs benefit from the participation exemption (art. 166 LIR).

Is a depositary required?

It depends on the fund's regime: for the relevant product regimes (RAIF, SIF, SICAR, Part II) and authorised AIFMs, a Luxembourg depositary is required. We coordinate the operational and accounting interface with it.
Request a quote

Request a quote

Reply within 24 business hours. NDA from first contact.

Step 1 of 3Your need

One need, one timeline. Two clicks.

Urgency · optional