This article explores the investment opportunities in Japan, specifically regarding fund structuring in Ireland and Luxembourg for Japanese investors. As Japanese institutions increasingly invest in alternative assets due to inflation and other factors, these jurisdictions offer various advantages, including familiarity, flexibility, tax efficiency, and access to the EU market. Ireland’s fund structures, such as the Unit Trust and ICAV, cater to Japanese managers, while Luxembourg provides a range of legal forms like limited partnerships and various product labels (RAIF, SIF). Both regions support innovative fund management, enhancing their appeal for Japanese investors seeking to enter European markets.