Qualified Investor Fund

Who Needs the License?

Any legal entity that wishes to engage in activities involving the collection of funds from qualified investors for the purpose of joint investment based on a designated investment strategy.

The minimum investment in a qualified investor fund is CZK 1 million.

A qualified investor fund can invest in any assets, including shares, bonds, funds, ETFs, derivatives, commodities, and crypto-assets.

We distinguish the following categories of qualified investor funds:

• Non-self-managed – The management and administration of the qualified investor fund are provided by an investment company.
• Self-managed – The qualified investor fund manages and administers itself or does so through outsourcing. Founders have greater control over the fund; however, self-managed funds must meet regulatory requirements at the level of an investment company, particularly personnel and capital requirements, risk management, compliance, and internal audit.

Holders of a CNB license for a qualified investor fund include entities such as AVANT GROUP SICAV, Pro arte, and STARTEEPO.

Why Choose Our Law Firm?

• We have already processed dozens of CNB licenses or registrations in the financial services sector.
• We handle CNB licensing on a daily basis.
• We maintain close contact with CNB staff and are thoroughly familiar with the licensing process, including unwritten rules and customs.
• We efficiently guide clients through the entire CNB licensing procedure.
• Subsequently, we provide comprehensive services in Compliance, AML, Risk Management (particularly operational risks), internal audit, CNB reporting, and accounting management.

How Does the Licensing Process Work?

• We assign you a project manager who will guide you through the entire CNB licensing process.
• We prepare a complete license application and all necessary attachments.
• We develop the fund statute with a comprehensive investment strategy, client contractual documentation, investor agreements, GDPR, and anti-money laundering (AML/CFT) measures.
• We arrange outsourcing of compliance, risk management, and internal audit.

How Long Does It Take to Obtain the License?

• Preparing the complete license application takes 1 to 2 months.
• The licensing process with the CNB usually takes 1 to 6 months.

What Do We Need From You?

• Information about the investment strategy, target group, and basic financial indicators of the project.
• Information about the leading persons and founders of the fund.

What Is the Cost of Obtaining the License?

The cost depends on the complexity and planned scope of the license. After an initial consultation, we will prepare a tailored written offer for you.

References

Key contacts

Zuzana Stuchlíková

Maxim Obuchov

Zuzana Neubauerová