PHI Group Inc (PHIL)

[invest0r]

correct

-capital requirement and other aspects
"...The net assets of a RAIF may not be less than EUR 1,250,000. This minimum must be reached within a period of twelve months following its authorisation. Only 5% of the capital needs to be paid up on subscription..."

-management and marketing of raifs
" ... RAIFs can only be managed by authorised Alternative Investment Fund Managers (AIFMs)..."

-establishment of a raif and offering document
"...RAIFs are established by notarial certification. It is sufficient to certify that the AIFM confirms the fund’s creation, and that this information is published in the official gazette Mémorial...." (http://legilux.public.lu/)


http://www.alfi.lu/setting-luxembourg/alternative-investment-funds/raif