Trust Fund formation

• The client should provide a business plan and general principles of the fund’s investment policies since they are required for the registration process.
• A trust fund is supposed to have a physical office in Estonia.

• incorporation of a limited partnership as the base for the fund
• incorporation of a private limited company as the general partner of a fund
• draft of the relevant AML policy for the fund
• draft of the fund manager internal policies
• review of the provided documentation
• arranging translation of the documentation
• submission of the application to Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority) for the fund manager registration
• hourly fee is charged for additional consultations over 20 minutes NB!

Registration of legal entities, collection, and preparation of documents for filing an application with the Financial Inspectorate takes 1 month. The completion of registration with the Financial Supervision Authority takes 2 months from the date of application.