Legal Advice on Establishing an Asset Management Company (AMC)

Ukraine’s investment fund market is growing rapidly, and creating an Asset Management Company (AMC) is a key step for those seeking to professionally manage institutional investors’ assets. The success and legal compliance of an AMC, as well as its ability to attract investors, depends heavily on proper legal formation.

The Legal and Real Estate Association of Ukraine offers comprehensive legal support for creating an AMC — from drafting founding documents to registration and obtaining a license.

What is an Asset Management Company

An Asset Management Company (AMC) is a legal entity that manages the assets of institutional investors, including:

• Collective Investment Institutions (CIIs) — both mutual and corporate funds

• Non-State Pension Funds (NPFs) — for efficient pension asset management

AMC operations are regulated by the Laws of Ukraine “On Collective Investment Institutions” and “On Non-State Pension Provision” and supervised by the National Securities and Stock Market Commission (NSSMC).

Stages of Establishing an Asset Management Company

1. Drafting the AMC Charter

The charter defines the legal basis of the AMC’s activities and must include:

• Permitted activities: limited to managing investment and pension fund assets

• Activity restrictions: AMCs may not combine asset management with other professional activities in the securities market (except as allowed by law)

• Investment limits compliance: must comply with applicable laws

• Creation of a reserve fund: to ensure financial stability as per NSSMC rules

• Powers of governing bodies: authority to:

  • create or liquidate mutual investment funds

  • issue investment certificates

  • take actions related to asset management

2. Registration as a Legal Entity

The AMC is registered as a Limited Liability Company (LLC) or Joint Stock Company (JSC) by submitting documents to the Unified State Register.

3. Obtaining an NSSMC License

To operate, the AMC must obtain a license from the National Securities and Stock Market Commission. Required documents include:

• Registration documents

• Internal asset management rules

• Details of directors and ownership structure

How We Support Our Clients

The Legal and Real Estate Association of Ukraine provides:

• Drafting of the AMC charter according to legal requirements

• Registration with state authorities

• Preparation and submission of license application to NSSMC

• Legal advice on taxation and regulatory compliance

• Post-registration support including contracts and internal documentation

Contact Us

Our experts will provide reliable legal support at every stage of establishing and operating your AMC