SIF in Luxembourg, specialised investment fund.
A SIF is a Luxembourg specialised investment fund, authorised and supervised by the CSSF, reserved for well-informed investors and open to all asset types under a risk-diversification requirement. FSL handles accounting, NAV calculation, 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.
The SIF (specialised investment fund, law of 13 February 2007) is a Luxembourg fund reserved for well-informed investors, subject to CSSF authorisation, able to invest in a broad range of assets under a risk-spreading principle.
Law of 13 February 2007 on specialised investment funds; CSSF supervision and authorisation; 0.01% subscription tax. Management by an AIFM depending on thresholds (law of 12 July 2013).
Key takeaway
- The SIF is CSSF-authorised and requires risk diversification.
- Reserved for well-informed investors; 0.01% subscription tax.
- FSL operates the SIF (accounting, NAV, reporting); authorisation is coordinated with the lawyer.
SIF vs RAIF vs SICAR
| Criterion | SIF | RAIF | SICAR |
|---|---|---|---|
| CSSF authorisation | Yes | No (authorised AIFM) | Yes |
| Assets | All, diversified | All | Risk capital |
| Diversification | Yes | Yes (except option) | Not required |
| Launch time | Longer (authorisation) | 6 to 10 weeks | Longer (authorisation) |
Who this is for
- Managers and sponsors seeking a regulated vehicle
- Well-informed investors (institutional, professional, qualified)
- Multi-asset strategies needing a supervised framework
What we do
- SIF scoping (form, compartments) and two-tier structure
- Fund accounting and NAV calculation
- Investor and regulatory reporting support
- Substance, domiciliation and CSSF / depositary / auditor coordination
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Preparation checklist
Get the list of documents and steps to start without friction.
The process, step by step
Structuring
Choice of form, compartments, AIFM and depositary; investment-policy scoping.
Authorisation & launch
Incorporation and CSSF authorisation file (led by the lawyer); accounting set-up and substance.
Ongoing operation
Accounting, NAV, investor and regulatory reporting, annual accounts.
Frequently asked questions
What is a SIF in Luxembourg?
SIF or RAIF?
What taxation for a SIF?
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