UpGrowth

Participatory Investment Advisor (regulated activity)

Regulated activity · CNRC 612212 · Services

Activity contents

  • The creation and management, on the Internet, of platforms for consulting on participatory investment and investing funds of the general public in participatory investment projects.
  • Funds placed in a participatory investment project take the form of subscriptions to a securities or financial product issue made by the holder of the participatory investment project.

Supervisory authority

COSOB

Type of authorization: Agreement

How to start this activity in Algeria

Official procedure, ordering of steps, and realistic timelines

  1. Step 1: Obtain the licence from COSOB

    The activity "Participatory Investment Advisor (regulated activity)" is regulated. You must first build an accreditation file with the supervisory authority (articles, qualification proof, premises eligibility) before any CNRC registration.

    2 to 6 weeks

  2. Step 2: Company incorporation (LLC, single-member LLC or sole proprietorship)

    Once you hold the licence, sign the articles at the notary, declare the share capital, then request the company name + Trade Register at CNRC. For a heavy licence, a SARL/EURL is usually required over the auto-entrepreneur regime.

    7 to 10 days

  3. Step 3: Tax and social registrations

    With your trade register in hand, obtain the NIF (tax ID), NIS (social security ID for the manager), CNAS affiliation for employees, and the tax card. Your activity "Participatory Investment Advisor (regulated activity)" can then start lawfully.

    3 to 7 days

Legal references

  • -Order of 04/09/2023 approving the Regulation of the Commission for the organisation and supervision of stock exchange operations No 23-01 of 12/04/2023 laying down the conditions for the authorisation, exercise and supervision of participative investment advisers

Frequently asked questions

How do I start the activity "Participatory Investment Advisor (regulated activity)" in Algeria?

"Participatory Investment Advisor (regulated activity)" is regulated: first obtain the official licence from COSOB, then incorporate (SARL/EURL usually required) at CNRC, and finish with tax registrations. UpGrowth Connect handles licence + turn-key incorporation.

How much does it cost to incorporate for code 612212?

For a regulated activity like Participatory Investment Advisor (regulated activity): 75 000 DZD (sole proprietorship) or about 118 610 DZD (SARL/EURL excluding share capital), plus licence cost (varies per COSOB). UpGrowth Connect: 60 000 DZD ex-tax + State fees.

Is the ANAE auto-entrepreneur regime allowed for Participatory Investment Advisor (regulated activity)?

ANAE is reserved for individual services, capped at 5M DZD/year. For "Participatory Investment Advisor (regulated activity)", verify eligibility via UpGrowth's ANAE tool or with COSOB.

Which supervisory authority oversees code 612212?

The official supervisory authority for Participatory Investment Advisor (regulated activity) is COSOB. This body is responsible for regulation, accreditation and oversight of the activity.

Is the activity "Participatory Investment Advisor (regulated activity)" regulated in Algeria?

Yes, Participatory Investment Advisor (regulated activity) (CNRC code 612212) is classified REGULATED. A prior licence from COSOB is mandatory before CNRC registration.

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