Legal entity

This report covers the activities of Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), FMO Investment Management B.V. (FMO IM), and FMO’s intermediate holding subsidiaries: FMO Representative Office LAC Limitada, Asia Participations B.V., and Equis DFI Feeder L.P. FMO has a 63 percent stake in Equis DFI Feeder L.P. and all other subsidiaries are 100 percent owned.  

FMO also manages funds for the Dutch government – MASSIF, Building Prospects, and the Access to Energy Fund – and executes on the Capacity Development subsidy scheme. FMO partners with SNV Netherlands Development Organization, World Wide Fund for Nature and Climate Fund Managers to manage the Dutch Fund for Climate and Development (DFCD) on behalf of the Dutch government. Furthermore, FMO manages the ‘Mobilising Finance for Forests’ (MFF) fund on behalf of the UK government. Lastly, FMO manages two programs for the European Commission – NASIRA and Ventures Capital (VC).  

As the headquarters are based in the Netherlands, the FMO group falls under the Dutch tax regime. Our interest income, dividends and capital gains are subject to local tax laws, taking into account double taxation treaties between the Netherlands and the countries where we invest.