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Venture capital investment company (sicar) (regulated activity)

Regulated activity · CNRC 612213 · Services

Activity contents

  • To set up and manage, on behalf of its shareholders, a portfolio of assets consisting of shares, shares, investment certificates, convertible or non-capital bonds and equity securities issued by unlisted companies and securities issued by other CROs. In addition, SICAR may grant advances in current accounts to the companies forming its portfolio, hold shares of listed companies, shares or shares of company for collective investment in securities (OPVCM) and constitute liquidity.
  • (This activity is carried on exclusively by Business Corporations (BCPs)).

Supervisory authority

COMMISSION ON THE ORGANIZATION AND MONITORING OF COSOB BUREAU OPERATIONS

Type of authorization: Agreement

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 COMMISSION ON THE ORGANIZATION AND MONITORING OF COSOB BUREAU OPERATIONS

    The activity "Venture capital investment company (sicar) (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 "Venture capital investment company (sicar) (regulated activity)" can then start lawfully.

    Through the portal

Legal references

Frequently asked questions

How do I start the activity "Venture capital investment company (sicar) (regulated activity)" in Algeria?

"Venture capital investment company (sicar) (regulated activity)" is regulated: first obtain the official licence from COMMISSION ON THE ORGANIZATION AND MONITORING OF COSOB BUREAU OPERATIONS, 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 612213?

For a regulated activity like Venture capital investment company (sicar) (regulated activity): 75 000 DZD (sole proprietorship) or about 148 610 DZD (EURL excluding share capital, 163 610 DZD for a SARL with two partners), plus licence cost (varies per COMMISSION ON THE ORGANIZATION AND MONITORING OF COSOB BUREAU OPERATIONS). UpGrowth Connect: 60 000 DZD ex-tax + State fees (for an EURL: 90 000 DZD ex-tax without domiciliation, 60 000 DZD ex-tax with domiciliation at UpGrowth, plus 15 000 DZD per additional partner).

Is the ANAE auto-entrepreneur regime allowed for Venture capital investment company (sicar) (regulated activity)?

ANAE is reserved for individual services, capped at 5M DZD/year. For "Venture capital investment company (sicar) (regulated activity)", verify eligibility via UpGrowth's ANAE tool or with COMMISSION ON THE ORGANIZATION AND MONITORING OF COSOB BUREAU OPERATIONS.

Which supervisory authority oversees code 612213?

The official supervisory authority for Venture capital investment company (sicar) (regulated activity) is COMMISSION ON THE ORGANIZATION AND MONITORING OF COSOB BUREAU OPERATIONS. This body is responsible for regulation, accreditation and oversight of the activity.

Is the activity "Venture capital investment company (sicar) (regulated activity)" regulated in Algeria?

Yes, Venture capital investment company (sicar) (regulated activity) (CNRC code 612213) is classified REGULATED. A prior licence from COMMISSION ON THE ORGANIZATION AND MONITORING OF COSOB BUREAU OPERATIONS is mandatory before CNRC registration.

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