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Exchange operations (regulated activity)

Regulated activity · CNRC 612107 · Services

Activity contents

  • Management of third-party securities portfolios;
  • Counterparty activities in securities transactions.

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 "Exchange operations (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 "Exchange operations (regulated activity)" can then start lawfully.

    3 to 7 days

Legal references

  • Legislative Decree No. 93-10 of 23 May 1993 on the securities exchange, as amended.

Frequently asked questions

How do I start the activity "Exchange operations (regulated activity)" in Algeria?

"Exchange operations (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 612107?

For a regulated activity like Exchange operations (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 Exchange operations (regulated activity)?

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

Which supervisory authority oversees code 612107?

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

Is the activity "Exchange operations (regulated activity)" regulated in Algeria?

Yes, Exchange operations (regulated activity) (CNRC code 612107) is classified REGULATED. A prior licence from COSOB is mandatory before CNRC registration.

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