The minimum capital for a common contractual fund (fonds commun de placement - “FCP”) must be EUR 1,250.000. This minimum must be reached within 6 months following the authorisation of the FCP.
All investment companies with variable capital (société d’investissement à capital variable - “SICAV”) or fixed capital (société d’investissement à capital fixe - “SICAF”) as well as a SICAV / SICAF with a designated management company must reach EUR 1,250,000 within 6 months following the authorisation of the SICAV / SICAF.
The minimum capital for a SICAV /SICAF which has not appointed a management company must be EUR 300.000 when authorised by the CSSF.
References: article 23, §1 & 2, 27(1) of the amended law of 17 December 2010 relating to undertakings for collective investment; Which Legal Forms May Take a UCITS fund? October 28, 2020, Bertrand Mariaux; How to Set up a UCITS Fund, Luxembourg for Finance, January 2019.
*Podcast #311:
*YouTube Video 300|:
Contributor: Cédric Buisine, Avocat
Editor: Hannah Seulgee Jung
Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)
Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)