Creation of mutual investment funds

Mutual investment fund (MIF) is not a legal entity, a MIF is a set of assets owned by the participants of such a fund under the right of joint partial ownership, managed by an asset management company and accounted for by it separately from the results of its economic activity.

MIF is the simplest model of an investment fund that does not require the creation of a separate legal entity. A mutual fund is created by an asset management company. Participation in the MIF takes place by purchasing investment certificates of the fund.

MIF participants do not have the right to influence the activities of the asset management company. Individuals and legal entities, residents and non-residents, can be participants of the MIF.

A mutual fund, like a corporate one, is not a payer of income tax, which will allow certificate holders to diversify assets and carry out tax planning.

Services for the creation of a MIF include a full range of legal support, from consultations on the selection of the type and type of fund to the preparation of the issuance and placement of investment certificates.