Best Funds & Asset Management Lawyers in North Macedonia

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Law Office Arsov Trajche
Skopje, North Macedonia

Founded in 2013
1 people in their team
English
Macedonian
Serbian
Bulgarian
About Us: Law Office Arsov TrajcheAt the Law Office Arsov Trajche, we pride ourselves on providing comprehensive legal services that meet the diverse needs of our clients. With deep expertise across multiple areas of law, we offer tailored solutions for individuals, businesses, and foreign...
Lalicic & Partners Law Firm
Skopje, North Macedonia

Founded in 2016
8 people in their team
English
Serbian
Croatian
German
Bulgarian
Macedonian
Lalicic & Partners Law Firm is a law firm located in the heart of Skopje, North Macedonia. The law firm provides effective and high quality legal and consulting services.The high degree of dedication, legal expertise and creative thinking always brings results that the clients are counting...
RISTESKI LAW OFFICE
Skopje, North Macedonia

Founded in 1991
4 people in their team
English
Spanish
Croatian
Serbian
Macedonian
Risteski Law Office is a well established law office in North Macedonia which treats its clients with trust and professional legal services since 1991.The office is situated in the city center of Skopje, the capitol of North Macedonia. However, the foundations of the long lasting development of the...
Bachovski Sinkoli Attorneys
Skopje, North Macedonia

Founded in 2020
7 people in their team
English
Bacovski Sinkoli Attorneys (“BSA”) is a law firm that offers legal services in all areas of work.The attorneys of BSA lawyers are especially experienced in business takeover transactions, project financing, real estate, capital markets (stock exchanges, mutual funds), corporate issues for the...
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About Funds & Asset Management Law in North Macedonia

Funds and asset management in North Macedonia is governed by a framework designed to regulate investment funds, asset managers, and the collective investment sector. The primary goal of the legislation is to protect investors, encourage transparency, and ensure the stability of the financial markets. This legal field addresses the creation, operation, and oversight of investment funds, along with the activities and obligations of asset management companies. Both institutional investors and private individuals turn to various funds and asset management structures to achieve their financial objectives, making legal guidance essential in navigating regulation and compliance.

Why You May Need a Lawyer

People consider consulting a lawyer in funds and asset management for several important reasons:

  • Setting up a new investment or asset management company
  • Drafting or reviewing fund documentation for compliance with local regulations
  • Advising on mergers, acquisitions, or restructuring of funds
  • Guidance on regulatory filings and interactions with oversight authorities
  • Due diligence for investment decisions or fund participation
  • Assistance with cross-border investments or international compliance
  • Managing disputes involving investors, fund managers, or regulators
  • Ensuring tax compliance and structuring investments for tax efficiency
  • Advising high-net-worth individuals on portfolio diversification
  • Responding to regulatory investigations or enforcement actions

Local Laws Overview

The legal rules for funds and asset management in North Macedonia are mostly found in the Law on Investment Funds, as well as regulations issued by the Securities and Exchange Commission of North Macedonia (SEC). Core aspects include:

  • Requirements for the formation and operation of investment funds (open-end and closed-end)
  • Licensing and ongoing obligations for asset management companies
  • Rules on asset segregation, transparency, and investor protection
  • Disclosure standards for prospectuses, periodic reporting, and marketing materials
  • Obligations regarding risk management and internal controls within asset managers
  • Compliance with anti-money laundering and counter-terrorist financing rules
  • Supervision and enforcement by the SEC, including reporting and inspections
  • Special provisions for foreign funds marketing in North Macedonia
  • Taxation principles for funds, managers, and investors

Both local and foreign individuals and companies must adhere to the applicable laws, or face sanctions, penalties, or revocation of licenses or registration.

Frequently Asked Questions

What types of investment funds are available in North Macedonia?

The most common types are open-end investment funds, which allow investors to buy or redeem units at any time, and closed-end investment funds, which have a fixed number of units and trade on a secondary market. Professional and specialized funds also exist in certain cases.

Do investment funds and asset management companies need to be licensed?

Yes, both investment funds and asset management companies must obtain a license from the Securities and Exchange Commission of North Macedonia before commencing operations.

How are investors protected under Macedonian law?

Investor protection is mandated through clear rules on disclosure, asset segregation, risk management, and transparency. The SEC actively supervises the sector to prevent mismanagement and fraud.

Are foreign funds allowed to operate in North Macedonia?

Foreign funds can operate or market their units to Macedonian investors if they comply with local registration and regulatory requirements set by the SEC.

What disclosures must a fund provide to investors?

Investment funds must publish and update a prospectus with all relevant details, provide periodic reports, and ensure ongoing transparency regarding investment strategy, risk, and fees.

What taxes apply to funds, managers, and investors?

Funds, asset managers, and investors are subject to specific tax rules regarding income, capital gains, and dividends. Tax treatment varies and often requires specialized advice.

Can individuals invest in foreign funds from North Macedonia?

Yes, individuals can invest in foreign funds, but should consider the regulatory and tax implications, including compliance with Macedonian foreign investment rules and SEC guidelines.

What are the main regulator's powers?

The SEC has the authority to issue regulations, grant or revoke licenses, supervise compliance, investigate suspected violations, and impose fines or other measures for breaches.

How are disputes between investors and fund managers resolved?

Disputes are usually addressed through mediation, arbitration, or court proceedings, depending on the fund's governing documents and the specifics of the case.

What happens if a fund or manager violates the law?

Penalties may include fines, suspension, or revocation of licenses, and, in severe cases, criminal liability. Investors may also seek compensation for losses arising from unlawful conduct.

Additional Resources

If you are seeking more detailed information or official guidance, consider the following resources:

  • Securities and Exchange Commission of North Macedonia - the main regulator overseeing funds and asset management activities
  • National Bank of the Republic of North Macedonia - for overall financial and monetary supervision
  • Chamber of Commerce or professional associations representing asset managers and investment companies
  • Official publications and guides available at the Ministry of Finance of North Macedonia
  • Legal and financial advisers specializing in securities and fund management

Next Steps

If you believe you need legal assistance with funds and asset management in North Macedonia, here is how you can proceed:

  • Identify your main area of concern - such as starting a fund, investing, compliance, or resolving disputes
  • Gather relevant documents such as contracts, fund prospectuses, or SEC correspondence
  • Contact a qualified lawyer or law firm with experience in investment and asset management law
  • Prepare a list of questions or issues you wish to discuss during your consultation
  • Review your options for next steps, including formal legal opinions, negotiations, or representing you before regulators or in court

Taking early and informed legal advice will help protect your interests, ensure compliance, and provide greater confidence in your investment or business activities in North Macedonia's funds and asset management sector.

Lawzana helps you find the best lawyers and law firms in North Macedonia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in North Macedonia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.