Corporate Law 7 min read
Luxembourg fund setup and launch timeline
The stages and provider responsibilities involved in a Luxembourg fund launch.
Accounting and setup support for Luxembourg fund launches
Launching a fund also means setting up and looking after the companies around it. We handle the setup, accounting and tax of the Luxembourg general partner (GP), carry and sponsor entities, alongside the lawyers and appointed fund providers.
How we can help
We agree what we will handle and who is responsible for each part, then confirm it in the engagement letter.
Our work
- Setting up the GP and sponsor entities We organise the incorporation, the filings with the Trade and Companies Register (RCS) and the register of beneficial owners (RBE), and the registered office of these entities.
- Sponsor-side accounting Bookkeeping and annual accounts for the GP and the carry or sponsor entities, from the transaction records.
- Tax support We prepare the applicable returns and review the accounting and tax questions raised by these entities.
- Working with the fund’s providers We organise company records, approvals and information exchanges with legal counsel and the appointed fund providers.
Separate responsibilities
- Fund design and legal advice The legal documents and the regulatory choices rest with the appointed lawyers.
- AIFM, depositary, administration and NAV These roles remain with the appointed fund providers. We reconcile the sponsor entities’ accounts with the information those providers supply.
Organise the entities around the fund
The work starts by identifying which Luxembourg entities need support. A general partner, a carry vehicle and an acquisition SPV have different functions, so their accounts and responsibilities should be clearly allocated from the outset.
Whether to use a special limited partnership (SCSp) on its own or a reserved alternative investment fund (RAIF), which can itself take the form of an SCSp, is part of the fund’s legal and regulatory design. Once that design is settled, we organise the agreed company setup, accounting and tax work around what each provider does.
Our SPV and HoldCo service covers the acquisition companies held below the fund, under a separate engagement. This makes clear which books, filings and records are entrusted to us.
What you receive
| Item | Content | When |
|---|---|---|
Setup records | Progress and confirmations of each filing | During incorporation |
Sponsor-side accounts | Books and annual accounts for each entity | Every financial year |
Tax filings | Required returns for each entity | At each filing deadline |
Company records | Approvals and administrative records | At each event |
How do we get started?
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Identify entities and providers
We identify the sponsor entities and agree with the lawyers and appointed fund providers who handles each part of the work.
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Agree what each entity needs
We identify the registrations, accounting data and information exchanges each entity requires.
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Begin recurring support
We organise company approvals, accounts, tax returns and the information from providers around the launch and the annual calendar.
Let’s talk about your company
Tell us about your company and what you need from your accounting firm.
Contact the firm 
Frequently asked questions
Do you create the fund’s legal and regulatory structure?
No. The fund’s design and documents remain with the appointed lawyers. We handle the setup, accounting, tax and administration of the entities around the fund.
Do you replace the AIFM or fund administrator?
No. The fund manager (AIFM), the depositary, the fund administrator and the calculation of the fund’s net asset value (NAV) remain with the appointed providers. We agree what information we need from them for the sponsor entities’ own work.
Can you support a first-time sponsor?
Yes. Our initial review identifies the Luxembourg entities, the appointed advisers and the accounting and tax support needed around the launch.
Can support continue after the launch?
Yes. After the launch, we continue the agreed accounting, tax and company administration work. We review the support needed for new transactions or additional entities as they arise.