Czech Republic: Revolution in the regulation of Collective Investment
The Czech Republic has a new Act on Investment Companies and Investment Funds that implements an Alternative Investment Fund Managers Directive. The aim of the Act is to transform the Czech Republic into an Investment Funds centre for Eastern and Central Europe.
The main benefits of the new Act will be:
1. Extension of legal forms of funds: Newly, funds may be in the form of a joint stock company with variable capital (SICAV) and, in the case of Funds of qualified investors, for example in the forms of trusts, limited liability companies, cooperative associations or partnership
companies limited by investment certificates.
2. The separation of funds maintenance (portfolio management, risk management) from the administration of funds (accounting, disclosure duties, etc.). This shall lead to more efficient administration and lower costs.
Under the amendment of the Income Tax Act, the income of investment funds shall have favourable tax treatment.
Search ADVOC News
Tales of a Summer Student ☀️ Here, Charlotte Woodhouse, a summer student in our Marketing team, shares her experien… https://t.co/y8LKSrbClO
Opay, an Africa-focused payments app, has announced this month that it secured a US$2 billion valuation during its… https://t.co/tfdoJEHzum
A unique opportunity has arisen for a Senior Associate to join our well respected and extremely successful Technolo… https://t.co/PUCoQ2Qsc7
📱💳🤝 [#Deal] Adrien Debré, Alfred Lortat-Jacob, Hélène de Saint Germain et François Paulze d'Ivoy ont accompagné le… https://t.co/qlh9OrYjCu
Interested in finding out more about the role that Copyright can play in the growth of Africa’s creative and entert… https://t.co/0wJIeI32Bb
Tom Phipps, Charlotte Kingman and Hannah Pettit, from Ashfords’ Data Protection team, hosted a webinar yesterday af… https://t.co/wlfqr2luf6
Overcoming barriers, building confidence ✅ Today, Trainee Solicitor Manahil Qadir will be on the panel of the first… https://t.co/HJXUezORSv