Fund manager (AIFM) authorisation and registration

Full EU AIFM authorisation (2011/61/EU) — application preparation and management

Preparation and management of an application for authorisation as a full EU alternative investment fund manager (AIFM).

In short

Preparation and management of an application for authorisation as a full EU alternative investment fund manager (AIFM). The price is from €69,500, excluding VAT. How long it takes: drafting 10–16 weeks; FSA 3 months from complete application. It is ordered and paid on micaconsult.com.

Who it is for

Managers above the small-AIFM thresholds or marketing to investors across the EU.

Price

Service	Price	Order
Full EU AIFM authorisation (2011/61/EU) — application preparation and management	from €69,500	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

Application for authorisation as an AIFM under IFS / AIFMD
All policies required for authorisation
Management of the FSA's questions
Programme of operations
Risk, liquidity, valuation and remuneration policies
Depositary and delegation arrangements
Application file

Not included in the price

State fees and capital
Depositary and audit 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

Capital, fit and proper management, a depositary and real substance are required. Ordered and paid on this page; the amount is our fee for the standard scope, and work beyond it is done only with your written agreement. 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

Estonian management company
Initial capital: full AIFM EUR 125,000 plus 0.02 % of assets above EUR 250 million (AIFMD Art. 9)
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

Process

You: Provide information, capital and people that meet the legal requirements; sign and answer the authority's questions.
LexorCorp: Prepare the application and its documents and manage the procedure until the decision.
Authority: Finantsinspektsioon decides.

How long it takes

Drafting 10–16 weeks; FSA 3 months from complete application

Law and requirements

Directive 2011/61/EU (AIFMD)
Investment Funds Act

General information about our service, not legal advice.

Questions and answers

Full EU AIFM authorisation: what does it cost?

From €69,500, excluding VAT. State fees and the fees of the supervisory authority are not included in the price; you pay them yourself.

Full EU AIFM authorisation: who is it for?