UpGrowth

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 the timelines announced by the administrations

  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.

    No published timing

  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.

    3 days, décret 23-169

  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.

    Through the portal

Legal references

This activity needs an agrément

Regulated activity: UpGrowth builds and files your agrément file. Premises audit before the lease: 60 000 DZD excl. VAT up to 200 m², higher for technical or classified premises, 50 % deducted from the file fee if you sign the file within 3 months. The file: from 400 000 DZD excl. VAT for an Algerian company; a foreign-owned company is priced on its file. 19 % VAT on top.

Request my agrément file

Already registered?

This code is regulated: its agrément (authorisation) must be obtained before you can add it to your trade register.

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 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): 83 000 DZD (sole proprietorship) or about 156 610 DZD (EURL excluding share capital, 171 610 DZD for a SARL with two partners, i.e. 173 710 and 191 560 DZD incl. VAT, fees excl. VAT, VAT 19 % added on fees, official fees paid in your name, outside UpGrowth's invoice). The licence file filed by UpGrowth starts from 400 000 DZD excl. VAT per file (foreign client: from 8 000 USD), VAT 19 % added; the fees of DEPARTMENT OF FINANCE itself remain payable by you, in your name. UpGrowth Connect: 60 000 DZD excl. VAT + official fees (for an EURL: 90 000 DZD excl. VAT without domiciliation, 60 000 DZD excl. VAT with domiciliation at UpGrowth, plus 15 000 DZD excl. VAT per additional partner).

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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