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Belgium's new private equity investment vehicle

In 2001, a working group was set up by the Belgian government to analyse the ways in which small and medium-sized companies could access venture capital. The result is the introduction of a bill in April 2003 that provides the country with a private equity investment vehicle. Belgian law firm Tiberghien discusses the new bill and its intended effect on the country's private equity industry.

The private equity vehicle is a non-listed closed-end special purpose vehicle for venture capital and is subject to an indirect tax transparent tax regime. As an uncomplicated straightforward entity it aims at attracting both Belgian and foreign investors. The authors provide an overview of the core aspects of the bill and its proposed positive impact on the region's industry.

Copyright © 2003 Tiberghien

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Tiberghien is an independent law firm. The firm was founded over 50 years ago by Albert Tiberghien, who was one of the leading Belgian business lawyers for decades and was highly reputed for his breaking tax work, both at the Belgian and European level.  The firm focuses on tax, corporate & finance and estate planning work and is noted for its entrepreneurial and business oriented approach to the legal profession.  Tiberghien now numbers some 40 professionals (including ten partners), all of whom are based in Brussels. For more information please visit www.tiberghien.be