Luxembourg funds & U.S. Accredited Investors
The entity has to be registered with the IRS as a Model 1 IGA Foreign Financial Institution and a FATCA reporting must be done on an annual basis (whether as Nil Reporting (no US investors) or declaring any US investor).
The administrator confirmed for such extra cost to be 1,350 EUR p.a.
We know that under the Luxembourg Framework U.S. Accredited investors can invest. However, this is an upgrade to the Standard Note solution (Seeder structure & FATCA reporting) and the costs will be assessed on a case-by-case basis.
In addition, a distinction is made as to whether the U.S. Accredited investors are resident in the USA or elsewhere. In the latter case it is a minor exercise.
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