Apex Fund Services has opened a Luxembourg office, Europe’s most popular fund domicile by number and value of funds, in response to high demand for favorably taxed fund vehicles.
“Our clients are increasingly demanding Luxembourg vehicles as a launch point for the European market. The country offers a safe, tax-neutral and stable regulatory environment for foreign investors,” said Apex managing director, Christophe Lentschat, in an interview with PEM.
The country offers a safe, tax-neutral and stable regulatory environment for foreign investors.
In addition to servicing public and private funds domiciled in Luxembourg, the new office will provide fund administrator services for three types of fund platform. Fund platforms provide an established investment vehicle for multiple GPs, allowing managers to bypass the time and expense of establishing a stand-alone fund.
The Luxembourg office will administer one platform for the re-domiciliation of offshore funds, alternative investment fund manager activities and the creation of non-UCITS vehicles; a second platform to service Luxembourg-based Shariah compliant funds; and a third UCITS-compliant platform for the re-domiciliation of offshore non-UCITS, passported alternative investment fund manager activities and non-UCITS vehicles.
“With Luxembourg fund vehicles being well known and readily accepted by the world's institutional investors, appetite and levels of interest in our services are already extremely encouraging,” added Lentschat in a statement.
The Luxembourg office will open with 10 UCITS and regulated SIF SICAV funds.