WHY LUXEMBOURG Luxembourg is a leading financial center for funds 2 208.198 billion euros: net assets under management in Luxembourg investment funds at the close of February 2011. Proactive and investor friendly attitude of Luxembourg authorities Reputable supervisor (CSSF) implementing pragmatic regulation Attractive tax regime for vehicles and investors Flexible laws and stable legal and economic environment Highly qualified fund professionals Attractiveness of Luxembourg for microfinance investment vehicles (MIVs) Appropriate laws for the various types of MIVs: SIF, SICAR, Part II Fund, Securisation vehicle Increasing number of double tax treaties with investment countries of MIVs Domicile of choice for major investors in MIVs such as DFIs: KfW, EIB, IFC, BIO, FMO, … Fund professionals accustomed to MIVs specificities QUALIFIED LUXEMBOURG PROFESSIONALS ACTIVE IN MICROFINANCE Luxembourg favors the presence of diverse actors involved in the provision of technical expertise, structuring and establishment, funding and refinancing, advisory practice, training and legal advises for microfinance. MIVS IN LUXEMBOURG AND THEIR LINKS TO MFIS AND MICRO ENTREPRENEURS Microfinance institutions, which offer banking services to micro-entrepreneurs in poor and developing countries, are increasingly turning to the capital markets to raise money to increase their reach into the poor urban and rural areas which they serve. … Continue reading LUXEMBOURG MICROFINANCE INVESTMENT VEHICLES