Limited Partnership in Luxembourg

A comprehensive Q&A for all practitioners.
(v. 2016)


The Luxembourg government took the opportunity of the transposition of the AIFMD into Luxembourg law to revamp the limited partnership regime with the aim at making it more attractive for fund managers – in particular, private equity managers.

In a nutshell, the law has revamped the existing limited partnership regime (“CLP” – common limited partnership or “SCS” – société en commandite simple) and introduced a new type of partnership (“SLP” – special limited partnership or “SCSp” – société en commandite spéciale).

The purpose of this user guide is not to provide an exhaustive accounting, legal and tax framework but rather to answer some of the typical questions private equity managers and service providers may have when setting up and administering a Luxembourg limited partnership vehicle.