10 September, 2019
To set up a fund in Ireland, you must obtain authorisation from the Central Bank of Ireland ("CBI").
We can guide your organisation through the entire fund authorisation process. Below, we outline some of the steps we can assist you with.
There are two main categories of funds authorised by the Central Bank of Ireland:
UCITS and AIFs may be established as:
AIFs are authorised in one of two categories:
ICAVs are the most popular fund structure in Ireland. Regardless of the fund structure you choose, our team of experts can guide you through the complete fund authorisation process in Ireland.
An application for authorisation of a UCITS and AIF must be made in writing to the CBI. It needs to be accompanied by certain information, including:
The CBI is the authority responsible for the authorisation of funds in Ireland. For all Irish funds, a number of service providers must be approved in advance.
Once the promoter or investment manager have been approved, the final step is obtaining approval for the fund documentation.
An application will be assessed within the below time frames by the CBI.
|Fund type||Initial comments||Subsequent comments|
Non-fast track UCITS or RIAIF
(i.e. umbrellas other clones and complex sub-funds)
|20 working days||10 working days|
Fast track UCITS or RIAIF
(i.e. clone umbrella, clone sub-fund and non-complex sub-fund)
|10 working days||5 working days|
|QIAIF or QIF sub-funds||24 hours||n/a|