{"id":8905,"date":"2022-04-04T09:54:05","date_gmt":"2022-04-04T06:54:05","guid":{"rendered":"https:\/\/tet.lt\/?p=8905"},"modified":"2026-10-09T15:39:39","modified_gmt":"2026-10-09T12:39:39","slug":"alternative-investments-fund-aif-in-lithuania","status":"publish","type":"post","link":"https:\/\/tet.lt\/lt\/blog\/alternative-investments-fund-aif-in-lithuania\/","title":{"rendered":"Alternatyvi\u0173j\u0173 investicij\u0173 fondas (AIF) Lietuvoje"},"content":{"rendered":"

Alternatyvi\u0173j\u0173 investicij\u0173 fondas (AIF) Lietuvoje<\/h1>\n

\"Alternatyvi\u0173j\u0173Investment funds offer an attractive strategy for \u201cputting money to work\u201d, especially to those who are looking to diversify their investment portfolio to maximize gains and reduce investment risks. They are also gaining popularity as means for long-term investment, which means that the demand for reliable and well-managed investment funds grows at a steady pace. Lithuania offers good conditions for establishing different types of investment funds, but taking a final decision still requires careful consideration and full awareness of regulatory requirements.<\/p>\n

ESTABLISHING AN ALTERNATIVE INVESTMENT FUND<\/h2>\n

An Alternative Investment Fund (AIF) is a collective investment undertaking that raises capital from a number of investors to invest it in accordance with a defined investment policy for their benefit and does not require authorisation under the UCITS Directive. An AIF may be constituted as a contractual fund or an investment company. Its classification does not depend on investing in unconventional assets. The success of such funds are dependent on the fund manager\u2019s skills, fund strategy, investment assets, and market situation. The Alternative Investment Fund Managers Directive (AIFMD), as implemented in national law, establishes requirements for managers of alternative investment funds. It does not govern all EU-based fund managers, and qualifying sub-threshold AIFMs may be subject to a lighter national regime.<\/p>\n

Marketing concerns units or shares of an AIF, rather than its underlying assets. An authorised EU AIFM may market eligible EU AIFs to professional investors in Lithuania after completing the applicable AIFMD notification procedure. Marketing to retail investors is subject to separate Lithuanian requirements and is not covered by the AIFMD professional-investor passport. The fund and its manager must also comply with the applicable national rules.<\/p>\n

An alternative investment company intending to operate under the local law may take one of the following legal forms:<\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>

    \n
  1. A public limited company (AB)<\/li>\n
  2. A private limited company (UAB)<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/div><\/div>
      \n
    1. A general partnership (TUB)<\/li>\n
    2. A limited partnership (KUB)<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>

      ESTABLISHING A CRYPTO ASSET FUND<\/h2>\n

      A collective investment vehicle investing in crypto-assets is an AIF if it meets the applicable legal definition. It may have an external AIFM or, where its legal form permits, be internally managed. The applicable licensing, registration or national permission requirements depend on the fund and manager. Investing in crypto-assets does not automatically require a full AIFMD licence issued by the Bank of Lithuania.<\/p>\n

      Before launching a cryptocurrency investment fund, managers should consider a number of stages and factors pertaining to the process. Here\u2019s an outline of the key stages:<\/p>\n