Regulatory Alerts2009-03-14
Decree of March 14, 2009 defining the information required to support the authorization application for investment capital activities
The Algerian Minister of Finance issued this decree to specify the mandatory documentation required for obtaining authorization to operate an investment capital company. It mandates that founders and shareholders holding over 10% of capital complete detailed questionnaires covering identity, financial statements, criminal records, and project strategies, and submit four copies of the application file along with a signed letter of commitment. The authorization is ultimately granted by ministerial decision following positive opinions from the Bank of Algeria and the stock exchange supervision commission, contingent upon compliance with all statutory incorporation requirements.
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