New investment fund administrator: BDO Fund Administration

After a demanding licensing procedure, BDO obtained a licence from the Czech National Bank in November 2025 to perform the activity of an administrator of investment funds of qualified investors. Our new company BDO Fund Administration a.s. (a member of BDO in the Czech Republic) can thus offer clients top-notch and safe fund administration according to Section 38 of the Investment Companies and Investment Funds Act (ZISIF). 

WHAT DO WE OFFER OUR CLIENTS? 

Above all, certainty, professional support, and a faster path to a functional fund. Investment fund administration is a highly regulated area that combines accounting, law, taxation, valuation, reporting, IT security, and process settings. That is why it is crucial to have a partner who deals with regulation on a daily basis and has the right team and experience. 
  

WHY IS AN INVESTMENT FUND INTERESTING FOR ENTREPRENEURS? 

An investment fund is a tool that collects investors' funds and invests them in selected assets, such as real estate, loans, or securities. In the case of qualified investor funds, we create tailor-made structures and smart solutions for entrepreneurs who want to manage their capital more efficiently, systematically, and securely. 
  
The CNB's regulation and supervision of investment funds entails not only administrative obligations, but also significant advantages in the form of: 
  • separation of fund assets from investor assets, 
  • greater legal protection and transparency, 
  • flexible investment strategy, 
  • potential for above-average returns, 
  • and, in many cases, tax advantages. 
 
As a business grows, so does the need for an effective structure 
Let's imagine a typical situation for a successful entrepreneur. For more than 30 years, they have been building a company, gradually expanding its activities, adding new projects, and naturally addressing the question: How to manage capital and risks as effectively as possible? First, they divide production and real estate into separate entities, and later create a holding structure. This gives them: 
  • better control over risks, 
  • the ability to efficiently transfer funds within the group, 
  • and room for further expansion without unnecessary restrictions. 
  
Qualified investor fund as a smart tool for further growth 
When he also begins to succeed in investments, the next logical step is to create a tool that will enable capital to be appreciated systematically, professionally, and with a higher degree of protection, and possibly open up opportunities for other investors. The entrepreneur therefore decides to establish a qualified investor fund in the form of a SICAV. The holding company remains the owner of the fund and sets the investment strategy. The law requires that key roles in the management of the fund be filled by professionals—a depositary, a manager, and an administrator. This gives the entrepreneur: 
  • an institutional structure for capital management, 
  • better legal protection of assets, 
  • the possibility of involving other investors, 
  • and transparent, professionally managed investment processes. 
The fund may invest, for example, in financing projects within the group (typically through loans), while also placing part of its assets in publicly traded securities. Despite the higher management requirements, the fund often delivers very attractive results — and thanks to its specific structure, FKI SICAV may also benefit from more favorable taxation (e.g., 5% corporate income tax). 
  

How will BDO Fund Administration help our clients? 

BDO Fund Administration a.s. It is ready to provide not only complete administration, but also support throughout the entire life cycle of the fund. Quality administration is not just a "necessary obligation", but a key strategic infrastructure that: 
  • protects investors and the fund's reputation; 
  • ensures regulatory compliance; 
  • Provides accurate reports and data for decision-making. 
  • It simplifies cooperation with the depository, auditor and regulator. 
  
  
We wish you a happy new year and successful investment decisions! 
Ivan Kovář, Partner, Chairman of the Board of Directors 
Michael Kralert, Member of the Board of Directors