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Specialised real estate investment funds

The FIIS/specialised real estate investment funds are alternative collective investment undertakings with a fixed number of participation rights referred to in Article 286, § 1 of the law of April 19th 2014 on alternative collective investment undertakings and their managers.

The specialised real estate investment funds are investment companies with fixed capital which exclusively invest in real estate, such as defined in Article 2, 4° of the Royal Decree of November 9th 2016 on specialised real estate investment funds. Access to investment in specialised real estate investment funds is limited to eligible institutional or professional investors.

Before starting its activities, each specialised real estate investment funds must register itself on a list maintained by the FPS Finance.

Registration on the list maintained by the FPS Finance is accompanied by a special tax regime (as regards the tax base and withholding tax on movable property).

 CONSUlt the list of collective investment undertaking  (PDF, 199.55 KB) 

Warning: the collective investment undertakings struck off before the launch of the new module OPC in MyMinfin (31.07.2022) can only be consulted through the following list.


New procedure for registering, changing or striking off a collective investment undertaking on  MyMinfin

Pursuant to Articles 3 and 3/3 of the Royal Decree of November 9th 2016 on specialised real estate investment funds, the applicant company must apply for registration with the FPS Finance via the OPC module on MyMinfin.

The General Administration of the Treasury of the FPS Finance has 30 calendar days following the day on which the request for registration was validly made or following the day on which the file was completed, in order to confirm registration on the list of FIIS/specialised real estate investment funds, pursuant to Article 4 of the Royal Decree of November 9th 2016.

If the file is incomplete or if additional information is required to finalise registration, the FPS Finance may request the missing information or documents from the applicant company.

Consult the new registration procedure  Access to mYMINFIN (THIS HYPERLINK OPENS A NEW WINDOW)


Control procedure

Pursuant to Article 291, § 2 of the law of April 19th 2014 on alternative collective investment undertakings and their managers, introduced by the law of May 2nd 2019, the FPS Finance is in charge to control the observance by specialised real estate investment funds of the provisions of the law of April 19th 2014 and the Royal Decree of November 9th 2016.

The specialised real estate investment funds should transmit on request of the FPS Finance every information and document on their organisation, their functioning and their operations, including the type of investment made, necessary for control purposes by the FPS Finance

'Pictogram uitroepteken'When the General Administration of Treasury finds that it is not complying with the legal and regulatory provisions applicable to it, a formal notice, stating the reasons, is sent to the specialised real estate investment funds concerned, in order to remedy any shortcomings identified.

If the specialised real estate investment funds has not remedied the shortcomings identified within 30 calendar days of notification of the formal notice, the FPS Finance strikes the specialised real estate investment funds off the list, pursuant to Article 6, §1, 2° of the Royal Decree of November 9th 2016.

Removal from the list means that the company concerned loses the benefit of the tax regime applicable to the specialised real estate investment funds.


Legal and regulatory basis

The law of 19 April 2014 on alternative collective investment undertakings and their managers.

Royal Decree of 9 November 2016 on specialised real estate investment funds.


Need some help?

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A question as regards the collective investment undertakings? Do you meet problems with the process? FAQs are available to help you.

If you haven't found the solution to your problem, you can also contact us via registration.treasury@minfin.fed.be

 COnsult our support materials