You manage your capital, or you want to set up an investment fund together with your partners and you wonder what entity will be optimal. No wonder… the mention of the problems and costs of running closed-end funds or non-public closed-end funds makes you very careful now. So are we!

Where to start?

The investment vehicle may take the form of a company or, for example, a fund. When choosing the right solution, it is worth choosing one that corresponds to the size of the planned activity. What is common is an Alternative Investment Fund (AIF), which may act in the form of a limited partnership, sp. z o.o. or joint-stock company carrying out investment activities on the basis of an entry in the register of AIF managers.

Alternative Investment Fund in Poland

The investment vehicle may take the form of a company or, for example, a fund. When choosing the right solution, it is worth choosing one that corresponds to the size of the planned activity. What is common is an Alternative Investment Fund (AIF), which may act in the form of a limited partnership, sp. z o.o. or joint-stock company carrying out investment activities on the basis of an entry in the register of AIF managers.

Why an ALTERNATIVE INVESTMENT FUND

The Alternative Investment Fund currently responds best to the needs of individual investors. I.e.: offers preferential tax rules, like non-public closed-end funds, but with much smaller regulatory obligations, such as supervision by the Polish Financial Supervision Authority. And this translates into lower operating costs. Maintaining and managing an Alternative Investment Fundis not only a lot cheaper, but also less complicated, for example because of the lack of involvement of the Investment Fund Company in management and service or custodian bank.

Facts about Alternative Investment Fund in Poland. 

PANASIUK & PARTNERS OFFICE AS ONE OF AIF FUNDS EXPERTS.

According to current data (summer 2022), available in the register of AIF managers kept by the Polish Financial Supervision Authority , a total of 314 AIF companies managing externally and internally are already active on the Polish market .

Almost 50 % of the internally managed AIFs are private companies of which the sole or majority shareholder is a natural person.

For the comparison with externally managed AIFs of which the sole or majority shareholder is a natural person, this percentage is 30 registered entities.

Thanks to many years of specialization in the service of wealthy customers, the consequences of action, knowledge, and international practice, we are the leading team in Poland managing the process of establishing and running AIF.

Over 10% of the private AIF market in Poland are entities created thanks to comprehensive legal and tax services and the involvement of our team. You are welcome to join us!

WE ARE TALKING ABOUT AN ALTERNATIVE INVESTMENT FUND. Watch the episode of Wealth Advisory. Anna Maria Panasiuk, including:

  • What is ASI and ZAIF and what is it used for
  • How to start an AIF
  • How to bring capital into it
  • What to keep in mind when managing AIF
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AREAS OF COOPERATION:

  1. Preparation of the investment policy and investment strategy of the company in accordance with the requirements of the Polish Financial Supervision Authority (KNF).
  2. Preparation of the company agreement.
  3. Preparation of an application to the Polish Financial Supervision Authority for registration of the company in the AIF management register.
  4. Preparation of the documentation needed to register the company in the register.
  5. Entrepreneurs of the National Court Register, comprehensive coordination of the registration process. Constant legal and tax services, both in the scope of investment preparation, transaction documentation (due diligence, term sheet, investment agreement, shareholders’ agreement) and support during negotiations, as well as in the scope of ongoing service of AIF and ZAIF companies and their reporting.

SCHEDULE:

  1. Proceedings before the Polish Financial Supervision Authority for entry in the AIF management register should not exceed 3-4 months.
  2. Registration in the National Court Register – 1 month.
  3. AIF should be ready after about 5 months – NOTE our record is setting a fully functioning AIF in 1.5 months. Do you WANT to know more? You are welcome to contact us.
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