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

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 registers.

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.

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?