Recommended structures
Private Equity · $250M · Global · 10y horizon
Regulatory data updated today
🇱🇺
Luxembourg
Good Fit
RAIF / SCSp · CSSF · EU + Global
82/100
Weighted suitability
Setup time
8–12 wks
Setup cost
€69k
Annual cost
€126k
10-yr total
€1.33M
Scoring breakdown
Investor access fit(25%)
90/100
RAIF / SCSp widely accepted by EU and global institutions.
Distribution reach match(25%)
82/100
AIFMD / UCITS passport for cross-border distribution.
Cost efficiency(20%)
68/100
Luxembourg cost manageable for $100–500M AUM.
Regulatory burden vs preference(20%)
98/100
CSSF-supervised, AIFMD-passportable — top credibility.
Speed to market(10%)
55/100
RAIF launch typically 8–12 weeks via authorised AIFM.
- AIFMD passport across the EU
- Tax-transparent partnership available
- Trusted by institutional LPs globally
Red flags
- •Substance & local AIFM requirements add fixed cost
- •CSSF authorisation timelines can extend launch by weeks
- •DAC6 and EU SFDR disclosure obligations apply
Key trade-offs
- •Highest credibility and EU reach vs heavier cost stack
- •Strong investor trust at the price of more governance overhead
- •Best for scaling AUM, less suited to lean first-time launches
🇰🇾
Cayman Islands
Good Fit
Exempted LP / SPC · CIMA · Global
81/100
Weighted suitability
Setup time
4–6 wks
Setup cost
€32k
Annual cost
€60k
10-yr total
€635k
Scoring breakdown
Investor access fit(25%)
95/100
Default vehicle for global institutional LPs and sovereigns.
Distribution reach match(25%)
90/100
Globally recognised offering vehicle; no inbuilt passport.
Cost efficiency(20%)
88/100
Cost-efficient across mid-size AUM.
Regulatory burden vs preference(20%)
40/100
CIMA registration is light-touch vs EU passport regimes.
Speed to market(10%)
95/100
Typical formation in 4–6 weeks.
- Fast, cost-efficient setup
- Zero direct taxation on funds
- Default choice for hedge & PE managers
Red flags
- •No EU / UK retail passport — professional investors only
- •Reputational scrutiny from EU AML and tax-transparency lists
- •Economic substance filings required annually
Key trade-offs
- •Speed and low cost vs limited cross-border distribution rights
- •Light-touch regulation appeals to LPs but may deter EU allocators
- •Optimal for global institutional capital, weak for retail reach
🇭🇰
Hong Kong
Good Fit
OFC / LPF · SFC · APAC + Global
75/100
Weighted suitability
Setup time
6–10 wks
Setup cost
€44k
Annual cost
€83k
10-yr total
€876k
Scoring breakdown
Investor access fit(25%)
80/100
LPF / OFC accepted by APAC institutional allocators.
Distribution reach match(25%)
72/100
SFC framework strong across APAC; ARFP / MRF channels.
Cost efficiency(20%)
75/100
Cost reasonable for APAC-anchored mid-size funds.
Regulatory burden vs preference(20%)
75/100
SFC-regulated OFC offers strong oversight.
Speed to market(10%)
72/100
OFC / LPF registration in 6–10 weeks.
- Gateway to mainland China & APAC LPs
- Profits tax exemption for qualifying funds
- Government grant scheme available
Red flags
- •Limited cross-border passporting outside ARFP / MRF channels
- •SFC licensing of the investment manager is a prerequisite
- •Geopolitical sensitivity may concern some Western LPs
Key trade-offs
- •Strong APAC distribution vs weaker EU / US reach
- •Tax exemption conditional on meeting qualifying-fund tests
- •Mid-tier cost and timeline — neither fastest nor cheapest
Top recommendation: 🇱🇺 Luxembourg — Good Fit with a 82/100 weighted score for a private equity fund of $250M.