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Investment fund management company (regulated activity)

Regulated activity · CNRC 612210 · Services

Activity contents

  • The investment fund management company has as its main activity the management of funds entrusted to it under a mandate.
  • It may also be mandated by the private equity company to manage its funds.
  • Its main activity is also:
  • The investment of funds entrusted for management in accordance with the procedures for intervention of private equity companies provided for in Law No 06-11 of 24 June 2006, as amended and supplemented.
  • Representation of investment funds vis-à-vis third parties.
  • The management company may manage one or more funds.
  • It can initiate the creation of investment funds which it will have to manage.
  • The investment fund management company shall be authorised to take equity holdings up to a maximum of 5 % of the funds it establishes.
  • The investment fund management company shall be subject to the control of COSOB (in accordance with the provisions of Executive Decree No 16-205 of 25 July 2016 on the procedures for the formation, management and exercise of the business of the investment fund company, in particular Articles 03, 07, 08,10 and 14).

Supervisory authority

DEPARTMENT OF FINANCE

Type of authorization: Authorisation

How to start this activity in Algeria

Official procedure, ordering of steps, and realistic timelines

  1. Step 1: Obtain the licence from DEPARTMENT OF FINANCE

    The activity "Investment fund management company (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 "Investment fund management company (regulated activity)" can then start lawfully.

    3 to 7 days

Legal references

  • Executive Decree No. 16-205 of 25 July 2016 on the procedures for the establishment, management and exercise of the business of the investment fund management company.

Frequently asked questions

How do I start the activity "Investment fund management company (regulated activity)" in Algeria?

"Investment fund management company (regulated activity)" is regulated: first obtain the official licence from DEPARTMENT OF FINANCE, 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 612210?

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

Is the ANAE auto-entrepreneur regime allowed for Investment fund management company (regulated activity)?

ANAE is reserved for individual services, capped at 5M DZD/year. For "Investment fund management company (regulated activity)", verify eligibility via UpGrowth's ANAE tool or with DEPARTMENT OF FINANCE.

Which supervisory authority oversees code 612210?

The official supervisory authority for Investment fund management company (regulated activity) is DEPARTMENT OF FINANCE. This body is responsible for regulation, accreditation and oversight of the activity.

Is the activity "Investment fund management company (regulated activity)" regulated in Algeria?

Yes, Investment fund management company (regulated activity) (CNRC code 612210) is classified REGULATED. A prior licence from DEPARTMENT OF FINANCE is mandatory before CNRC registration.

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