Ireland UCITS Fund

Irish Collective Asset-management Vehicle (ICAV)

The ICAV is the most popular corporate structure for Irish UCITS funds, offering a flexible and tax-efficient vehicle specifically designed for investment funds with simplified governance requirements.

Variable Capital Company (VCC)

The VCC, also known as a Plc, is a traditional corporate fund structure that allows for the issuance of variable capital shares, providing flexibility for both umbrella and standalone fund structures.

Unit Trust

A Unit Trust structure operates under a trust deed between a management company and a trustee, offering an alternative contractual fund structure that does not require a board of directors.

Common Contractual Fund (CCF)

The CCF is a tax-transparent fund vehicle commonly used by institutional investors, allowing investors to be treated as directly holding the underlying fund assets for tax purposes.

EU-Wide Passporting Rights

A UCITS fund authorized in Ireland can be marketed to retail investors across all EU member states under a single authorization, providing fund managers with seamless access to the entire European market.

Strong Investor Protection Framework

UCITS funds operate under strict diversification, liquidity, and risk management rules, giving retail investors a high level of confidence and protection that supports strong distribution and sales across global markets.

Globally Recognized Brand

The UCITS brand is widely respected and recognized beyond the EU, including in Asia, Latin America, and the Middle East, making Irish UCITS funds highly attractive for managers seeking global distribution.

Tax Efficient Structure

Irish UCITS funds benefit from a favorable tax regime, including exemption from Irish tax on fund income and gains, making them an efficient vehicle for both fund managers and investors.

Choose the Fund Structure and Appoint Service Providers

Select the most appropriate legal structure, such as an ICAV or unit trust, and appoint key service providers, including a management company, depositary, administrator, and auditor.

Prepare the Prospectus and Fund Documentation

Draft a comprehensive prospectus and constitutional documents that comply with UCITS regulations and Central Bank of Ireland requirements, clearly outlining the fund's investment policy and risk profile.

Submit the Application to the Central Bank of Ireland

Submit the complete application package along with all required documentation to the Central Bank of Ireland for review and authorization under the UCITS framework.

Obtain Authorization and Launch the Fund

Once authorization is granted by the Central Bank, the UCITS fund can commence operations, accept investor subscriptions, and be marketed across the EU under its passporting rights.