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The owner of CIF shares can be both an individual and a legal entity (resident/non-resident). The state, territorial community, legal entity with a share of the state or communal property of more than 25% cannot buy CIF. Also, the property appraiser of the CIF, the custodian of СII assets, the auditor, the depository and their related persons cannot be the owners of the CIF, with which they have concluded service agreements. An individual can be a participant in a venture fund, provided that he buys securities of such a CIF in an amount which, at the nominal value of these securities, amounts to at least 1,500 minimum monthly salary established by law as on January 1, 2014, for a qualifying CIF - is the amount at least 100 minimum monthly salary established by law as of January 1, 2014.

In order to buy a CIF, you must first open a custodian account. The sale of CIF shares on the secondary market is carried out through the mediation of an investment firm (dealer in securities), by concluding an agreement on the sale and purchase of CIF shares. The procedure of transfer of ownership of shares to a new owner consists of the following stages: signing an agreement, payment, transfer of securities to the account of the new owner. You can also purchase CIF shares on the primary market, that is, directly from the CIF. To do this, you should contact the CIF asset management company and submit an application for the purchase of securities. The placement of shares can be carried out by funds with a registered prospectus for the issue of securities. The procedure for the placement of securities includes filing an application for the purchase of securities, signing an agreement, paying the cost of shares, and transfering shares to the account of the owner.

Yes, the name of the CIF can be changed. To do this, it is necessary to register changes in the Unified State Register of Legal Entities, Individual Entrepreneurs and Public Formations, as well as make changes to the regulations and the CIF securities issue prospectus (if the prospectus is registered), and reissue the certificate of inclusion of the CIF in the Unified State Register of Joint Investment Institutions.

The AMC of a mutual fund cannot be changed. A CIF can change an AMC by terminating the asset management agreement and signing an agreement with a new AMC. At the same time, an additional agreement on termination of the asset management agreement and a new agreement is approved by the General Meeting of Participants (Single Participant) of the CIF.

It is possible to control one's own investment in the CIF through control over the activities of the AMC by the Supervisory Board of the CIF. The mechanism of control over the activities of the AMC consists of: joint signing of all agreements with the assets of the CIF by the representative of the AMC and a member of the Supervisory Board of the CIF, joint management of bank accounts and custodian accounts . Relevant restrictions on the activities of the AMC are determined in the Articles of Association, the regulations, the prospectus for the issue of securities and the asset management agreement of the CIF.

Legal and financial support of the CIF will be provided by AMC specialists.

Joint investment funds are released from corporate income tax. At the same time, if CIF receives income from assets that are not recognized as CII assets, such income is taxed at a rate of 18%. In addition, if the CIF carries out transactions that are subject to VAT, the CIF pays 20% VAT on the amount of such transactions.