This paper analyses a set of generic options for national REDD+ governance structures – i.e., (a) a market/project based architecture; (b) a system with national REDD+ funds outside existing national administrations; (c) a national REDD+ fund organized under the present administration; and (d) conditional budget support. The analysis is based on experiences from different, but similar governance structures – e.g., the Clean Development Mechanism, payments for ecosystem services, environmental trust funds and various forms of budget support. While a solution with a market/project based structure has been favored by many, we conclude that this is the most problematic alternative. Concerning the other three, the national/local conditions will be of importance for their functioning. If REDD+ policies involve a large part of a county's forested area, establishing a good link to the general forest and other sector policies will be necessary.