How successful investment funds are established and operate in the Czech Republic

Attorneys from endors and investment experts from CYRRUS have joined forces to write a comprehensive guide detailing the business, legal, and tax aspects of Czech funds.

The guide is on its way to your inbox

We have just sent the complete 27-page publication from endors and CYRRUS to your email.
‍
Delivery may take a few minutes.

If you don't see the message in your inbox, please check your Promotions or Spam folder, where emails with attachments sometimes end up.

Something went wrong. Please try submitting the form again.

Demand for funds is growing. Be a part of it

7.4%

Growth of assets in funds

CZK 2.1 trillion

Assets in Czech funds

12.3%

Growth of assets in QIFs

What you will learn in the e-book

From basic concepts to concrete steps – real costs of setting up a fund, a timeline, or legislative boundaries.

Comparison of all types of investment funds

A detailed guide to the differences between qualified investor funds (QIFs) and collective investment funds. Practical differences, advantages, and limits of individual legal forms such as SICAV, SICAF, mutual funds, or specific mini-funds under Section 15 of the ZISIF.

Market data and current trends

An analysis of the Czech investment environment, where the volume of assets in funds is growing at a double-digit rate. You will learn why the Czech market, with 18% of GDP in funds, still lags significantly behind Western Europe and what specific opportunities this opens up for new founders.

How to successfully set up an investment fund

A complete implementation timeline from vision to registration with the CNB. Which documents (statutes, KID) you need to prepare, the roles of key partners (manager, administrator, depositary), and how to involve the founder as an expert advisor in the process.

Costs, taxes, and offering

How much it costs to set up and operate a fund, taxation of investment funds (5% vs. 21% rate), and rules for offering investments publicly and privately under the ZISIF.

Get the e-book sent to you

Who did we prepare this expert guide for?

We have prepared this material for everyone who wants to have an overview of fund investing before they approach a lawyer or administrator.

For entrepreneurs and founders

You have built a successful business and are looking for ways to effectively appreciate your free capital—whether on your own or with a circle of partners and friends. Perhaps you are carrying out a development project or want to invest in startups.

In the e-book, you will find: an honest assessment of who a private fund makes sense for, including an introduction to alternative mini-funds, risks, and operating costs.

Get the e-book

For investors and asset managers

You manage a private portfolio and are looking for a legal vehicle for the long-term protection of family assets. Alternatively, you are considering a capital investment in a fund for qualified investors (FKI) yourself and want to understand its internal structure.

In the e-book, you will find: a detailed comparison of SICAV structures and mutual funds, as well as the rules for offering investments.

Get the e-book

Chapter from the e-book

How to set up an investment fund

It is necessary to realize the reality of the market. The market for qualified investor funds currently reaches around 900 billion CZK and consists of approximately 650 entities.

Of these, only about 150 are in distribution. Funds that have a chance of succeeding meet several conditions: they bring new or high-quality investment opportunities, they have a track record, the founder has a reputable name, and, of course, they already have a larger volume of assets, ideally around 500 million CZK.

External distribution networks choose which products to sell, and there is an associated incentive for doing so. This increases the fund's costs. Nowadays, it is therefore much more difficult to get such a fund off the ground through distribution.

Chapter from the e-book

What is a fund for qualified investors

In practice, funds for qualified investors are created primarily based on the founder's needs. Every fund we help establish is unique.

You must always start with your investment strategy—do you want to invest in real estate, stocks, startups, or do you require a flexible mix?

Within an FKI, virtually everything mentioned is possible; however, the main limiting criterion is the strict requirement set for the investor who can invest in the fund. They must be a so-called “qualified investor” under Section 272 of the ZISIF.