What conditions do individuals need to set up a fund company? The answer is as follows.

The establishment of a fund management company requires a registered capital of not less than 1 100 million yuan, and it must be paid-in monetary capital. The number of personnel who have obtained the qualifications for fund practice has reached a quorum, and directors, supervisors and senior managers have corresponding qualifications. Let's look at the detailed requirements.

What conditions do individuals need to set up a fund company?

1, the fund company has articles of association and business premises, and also has a sound internal management system;

2. The registered capital of the fund company shall not be less than 1 100 million yuan;

3. The major shareholders of the fund company have financial business and have no illegal records in the last three years;

4. The executive directors, company supervisors and professional managers of the fund company, that is, those who hold the qualification certificate of fund practice, have corresponding qualifications;

5. The requirement for the management of the company is to have a fund qualification certificate and engage in investment management-related business in the last three years.

The difference between a fund and a foundation:

1, the organizational structure is different: generally speaking, funds are securities investment funds, managed by fund companies, fund companies are for-profit institutions, and foundations are non-profit institutions;

2. Different ownership relationship: funds (securities investment funds) are generated by users' investment behavior, and the right to use belongs to investors, while foundation funds are formed based on donation relationship, and ownership will be transferred.

3. The purpose of setting up funds is different: the purpose of setting up funds (securities investment funds) is to provide value-added services for users' funds, while the funds set up by foundations mainly serve social welfare undertakings.

The above are the conditions for setting up a fund company.