Setting up an alternative fund 15 ZISIF from CZK 109 000
We establish alternative investment funds under § 15 of ZISIF at the highest standard and at fair prices. We will prepare complete turnkey documentation for the registration of an alternative fund under § 15 ZISIF with the Czech National Bank.
CZK 1 mld+
Invested by our clients
50+
Satisfied clients
Is a fund under § 15 ZISIF right for you?
...then you’re in the right place. An alternative fund under § 15 ZISIF is exactly what you need.
With an alternative fund under § 15 ZISIF you can:
Manage investors’ assets legally and with maximum freedom.
Run a fund very efficiently—with minimal initial and ongoing costs.
Invest in any asset class, such as cryptocurrencies, completely without restrictions.
Avoid high regulatory requirements (responsible persons, fund capital, compliance, reporting, etc.)
Take advantage of these benefits and develop your fund according to your vision!
With an alternative fund under § 15 ZISIF you can manage funds of:
20 persons
For up to 20 persons with a close bond (family, friends, business).
125 k EUR
For any number of qualified investors with an investment above 125,000 EUR.
100 million EUR
Up to a maximum of 100,000,000 EUR (or the equivalent in another currency).
Our pricing packages
Choose the package that’s right for you
Entry
Ideal for managers with no compliance experience who will also have non-qualified investors
CZK 109 000 + VAT
Fund registration with the CNB
Contractual documentation and investment strategy
Investor questionnaire and qualified investor statement
AML questionnaires for investors (identification, screening and risk assessment)
KID (Key Information Document) including financial analytical models (calculation of performance scenarios according to Annex IV of the PRIIPs Implementing Regulation))
Internal AML policy and risk assessment system + notification of contact person to the FAU
SFDR-compliant documents for an entity that is not subject to the regulation
Entity incorporation
All-in-one
Ideal for new managers with no experience who want a turnkey solution including training
CZK 149 000 + VAT
Everything from the "Entry" package
AML/CFT training for fund officers, employees and associates
Training of the statutory body on fund manager obligations
20 credits for the PEP check system
Mathematical model of the fund
Preparation of sample calculations for NAV, High Watermark, etc.
Automated excel solution for calculating NAV and investors’ allocation ratios
Entity incorporation
SICAV-ready
Planning to move to a SICAV structure in the future? Set up your § 15 ZISIF so that the transition to SICAV is as easy as possible.
CZK 199 000 + VAT
A § 15 ZISIF vehicle operated in a SICAV structure regime
Everything from the "All-in-one" package
Incorporation of an entity (joint-stock company) under the requirements of § 15 and § 15a ZISIF
Mathematical model of the fund
Complete preparation of NAV calculation templates
Complete preparation of templates for calculating High Watermark, Performance Fee, Management Fee and others
Automated excel solution for calculating NAV, investors’ allocation ratios and more
Why choose us
Professional team
We are experienced attorneys based in Prague specialising in financial law, including the formation of alternative funds under § 15 ZISIF. We have set up more than 50 alternative funds and know the market best practices and standards.
We are fully dedicated to you
We work quickly and efficiently. As part of developing the fund’s mathematical model, we collaborate with specialists from the largest investment firms. Cooperation with us naturally includes referrals to reliable accounting and tax advisers.
All services under one roof
We handle everything from A to ZISIF. We set up the company, prepare all documentation, arrange fund registration and regular reporting to the CNB including NAV, High-Water Mark, etc. calculations—you can solve everything with us in one place.
Fair price
Before we start the project, we calculate the exact implementation cost, which is fixed. Because we have systematic procedures for many fund types, we can offer fair prices.
AML/CFT & PEP check
We will train you in AML/CFT and prepare your AML documentation. We will also recommend proven provider of specialised software for AML/CFT compliance.
We think through every detail
We structure § 15 ZISIF funds on the basis of detailed legal analyses. For contentious interpretative issues we have formal expert replies from the CNB. Remember: legal analyses are far cheaper than a potential fine.
News
Alternative funds and the most common fines from the CNB
Alternative funds, i.e. persons conducting business pursuant to Section 15(1) of the Investment Companies and Investment Funds Act (ICAIF), although not subject to CNB supervision, may be sanctioned by the CNB as they have statutory information obligations towards the Czech National Bank. In this short article, we will look at the misconduct of alternative fund managers that is most often sanctioned.
Povinnost pro všechny fondy dle § 15 ZISIF: Oznamte kontaktní osobu FAÚ, pozor, lhůta končí 3. 3. 2025
S účinností od 1. února 2025 vstoupila v platnost novela zákona č. 253/2008 Sb., o některých opatřeních proti legalizaci výnosů z trestné činnosti a financování terorismu (AML zákon). Tato novela přinesla další změny v pravidlech pro oznamování kontaktní osoby Finančnímu analytickému úřadu (FAÚ) a týká se širokého okruhu povinných osob, a dopadá i na alternativní investiční fondy dle § 15 ZISIF.
Dne 31. 1. 2025 končí lhůta pro splnění reportingových povinností vůči ČNB
Upozorňujeme, že dnes, tj. 31. 1. 2025, končí lhůta pro splnění reportingových povinností tzv. minifondů dle § 15 ZISIF vůči České národní bance. Alternativní fondy reportují stav spravovaných aktiv ke dni 31. 12. 2024 a počet investorů prostřednictvím systému SDAT – konkrétně se jedná o výkazy ROFOS 36, ROFOS 37 a DOFOS 15.
Contact
Do you want to establish your own alternative investment fund under § 15 of the ZISIF? Don’t hesitate to contact us.
MOSKA MURAD advokátní kancelář, s.r.o.
Mgr. Matyáš Moska, advokát, č. ev. ČAK 19149
Na Dolinách 153/22, 140 00 Praha 4
We are specialists in alternative investment funds – 15 ZISIF.
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