Fund manager (AIFM) authorisation and registration
Registered small AIFM — registration with the Financial Supervision Authority
Registration of a small alternative investment fund manager with the Financial Supervision Authority.
In short
Registration of a small alternative investment fund manager with the Financial Supervision Authority. The price is from €34,000, excluding VAT. How long it takes: drafting 4–6 weeks; FSA term. It is ordered and paid on micaconsult.com.
Who it is for
Managers below the AIFMD thresholds.
Price
| Service | Price | Order |
|---|---|---|
| Registered small AIFM — registration with the Financial Supervision Authority | from €34,000 | Order |
All prices are in euros and exclude VAT. VAT is added where it applies under the Estonian Value Added Tax Act.
What the price includes
- Registration of a small fund manager with the FSA
- Registration documents and fund rules
- Registration file
- Basic policies
Not included in the price
- State fees
State and notary fees
State fees and the fees of the supervisory authority are not included in the price; you pay them yourself.
- State fee for the registration / authorisation application
- Annual supervision fees
Requirements
Thresholds and investor restrictions apply. FIU licence FIU000117 is LexorCorp's own licence for its trust and company services; it does not authorise the client. The authorisation is granted or refused by the competent authority — no service provider can promise it.
Before we start
- Assets under management below the thresholds
- Fit and proper management
Documents and information we need from you
- Articles of association and registry extract of the applicant
- Proof of registered office and place of management in Estonia (lease, premises)
- Organisational chart, staffing plan and job descriptions of key functions (compliance, risk management, internal audit, AML officer)
- For each management board and supervisory board member: CV, copy of passport, criminal record certificate(s) from every country of residence in the last 10 years, declaration on fitness and propriety (investigations, dismissals, insolvencies, sanctions), evidence of qualifications and experience, time commitment and conflicts of interest
- For each qualifying holder (10 % or more, direct or indirect): identity, ownership chart up to the ultimate beneficial owners, source of funds for the capital, financial statements (legal persons), fit-and-proper declaration and criminal record
- Investment strategy, target investors, leverage, fund size
- Proposed depositary and auditor
How long it takes
Drafting 4–6 weeks; FSA term
Law and requirements
- Investment Funds Act — small fund manager
General information about our service, not legal advice.
Cost and time at a glance
| Our fee | from €34,000 — the fee for the standard scope, paid when you order |
|---|---|
| Fee of the authority | paid by you to the authority, not part of our fee:
|
| Our drafting | usually 4–6 weeks, depending on how complete your information is |
| Time of the authority | the authority's own statutory term applies; we do not control it |
| Decision | made by the authority alone; no outcome is promised |
How registering a small fund manager works
Checking the thresholds
You: You give us the planned assets under management, leverage and type of investors.
We: We check that you stay below the AIFMD thresholds and tell you which investor restrictions apply.
Order the registration
You: You order the registration on the fund licensing page.
We: We complete our due diligence on the manager and its shareholders.
Registration file and fund rules
You: You decide the fund's terms that go into the fund rules.
We: We draft the registration application, the fund rules and the basic policies; this takes 4–6 weeks.
Filing the registration
You: You sign the registration application.
We: We file it with the Financial Supervision Authority and answer follow-up requests with you.
The authority decides on the entry
You: You receive the authority's reply on the registration.
We: We cannot make the entry: the Financial Supervision Authority registers a small fund manager and may refuse to.
After registration
You: You run the manager and watch that the assets under management stay below the thresholds.
We: We can take on the supervisory reporting if you order it later.
Questions and answers
Registered small AIFM: what does it cost?
From €34,000, excluding VAT. State fees and the fees of the supervisory authority are not included in the price; you pay them yourself.
Registered small AIFM: who is it for?
Managers below the AIFMD thresholds.
Registered small AIFM: how long does it take?
Drafting 4–6 weeks; FSA term
What is not included in the price?
State fees.
Who makes the decision?
Finantsinspektsioon registers.
Related services and add-ons
- Fund documents and policies — from €4,500
- Supervisory reporting — from €2,400 / year
Part of
- Fund manager (AIFM) authorisation and registration — from €34,000
Order: Registered small AIFM · from €34,000 See it in the price list