Corporate type
The table below shows some of the investment trusts that have been recognized to have corporate status from among investment trusts in foreign countries (foreign investment corporations). The tax exemption applies to them as foreign corporations.
|
Types of corporate type foreign investment trust
|
Legal basis
|
|
|---|---|---|
| U.S. | Corporate-type open-end investment companies (mutual fund) Corporate-type closed-end investment companies |
Subject to the Investment Company Act of 1940 |
| U.K. | Investment Trust | Subject to the Companies Act (in principle, the Financial Services and Markets Act shall not apply) |
| Open-Ended Investment Company | Subject to the Financial Services and Markets Act | |
| France | SICAV (Société d'Investissement á Capital Variable) | Subject to the approval of the COB pursuant to the Investment Trust Act of 1988 |
| Luxembourg | SICAV (Société d'Investissement á Capital Variable) SICAF (Sociétés d'Investissement á Capital Fixe) |
Subject to the Investment Trust Act of 1988 |
| Italy | SICAV (Societa' di Investimento a Capital Variable) | Subject to the Financial Intermediary Act |
| Ireland | VCC (Variable Capital Company) FCC (Fixed Capital Company) |
Subject to the Company Act of Ireland (Company Act of 1990) |
| Canada | Investment Company | Subject to the laws of each state |
Note: Please be sure to refer to the Tax Office, etc. concerning the application of specific tax exemption measures.
（As of 25 April 2013）
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