The SICAR is a convenient venture capital vehicle for experienced or institutional investors.
The assets in which the SICAR invests may include biotechnology, information technology, distressed debt, mezzanine finance and real estate (under certain conditions).
The minimum capital requirement is EUR 1,000,000 and each investor should invest at least EUR 125,000.
Although a SICAR is a normal taxable entity, all income derived from its qualifying investments are exempt, including capital gains. The SICAR is also exempt from wealth tax, as well as withholding tax on dividends, interest and royalties.
The SICAR benefits from the Luxembourg double tax treaty network.