Insights

UCITS vs AIFMD: choosing the right European fund structure

Apr 30, 2026

Written by

Ramon Bondin

CEO

European fund structuring is rarely a one-size-fits-all decision. UCITS vehicles remain the workhorse for retail distribution, while AIFMD frameworks offer flexibility for alternative strategies and cross-border marketing passports.

Depositary requirements differ in scope and emphasis between regimes, and those differences can influence operational timelines during launch. Early alignment between legal counsel, administrator, and depositary typically saves rework later.

This note outlines high-level considerations only. Specific structuring advice should come from qualified legal and tax advisers familiar with your investor base and distribution strategy.

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