Role of alternative finance
The market volume has been estimated between € 1 and 5 millions in 2015.
(source: Zhang, B. et al (2016): Sustaining Momentum. The 2nd European Alternative Finance Industry Report. Cambridge University. https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alterna... )
|Reward and donation-based crowdfunding|
|Is there a specific national regulation in place applying to crowdfunding?||
- If the crowdfunding platform operates banking, lending or investment services or operates as a multilateral trading facility, then a license from the Ministry that controls the CSSF, could (in theory) be required.
Prospectus requirement for the offer of securities to the public and admission of trading of securities on a regulated market.
Currently, matching funds, state aid or tax benefits for alternative finance are not available in Luxembourg.
Ministère des finances - Ministry of Finance, http://www.mf.public.lu/
|Matching funds initiatives|
|Crowdfunding guidelines for entrepreneurs / investors|
|Guidelines for researchers on crowdfunding for R&I|