AIFM passporting in Slovakia


The establishment and management of AIFMs in Slovakia are subject to the Act no. 203 / 2011 Coll. on Collective Investment (“Act on Collective Investment”). AIFMs which are authorised in their EEA home State may exercise passport rights for the management of most types of AIFs in Slovakia on a services and / or branch basis.

Irrespective of whether an existing passport to conduct management business under another single market directive (such as UCITS) is held, EEA AIFMs must provide a separate notification to their home State competent authority where they have the intention of managing or distributing an EEA AIF on a passported basis. The home State competent authority will send the management passport notification to the National Bank of Slovakia.

Where an EEA AIFM intends on distributing securities of a Slovak AIF or an EEA AIF to professional investors (or investors investing at least EUR 50,000) by means of a private placement in Slovakia, they may do so if the EEA AIFM’s home State competent authority has provided a passport notification to the National Bank of Slovakia in order to market the AIF/EEA AIF to professional investors. For the distribution of securities of a Slovak AIFs or EEA AIFs to retail investors, it is required to have approval by the National Bank of Slovakia.

2. Third country AIFMs

Non-EEA AIFMs, which have been authorised in another EEA state of reference, are entitled to the same passporting rights as EEA AIFMs.

Non-EEA AIFMs with Slovakia as the reference state must apply for approval from the National Bank of Slovakia. Under the Act on Collective Investment, non-EEA AIFMs may distribute foreign AIFs in Slovakia provided they notify the National Bank of Slovakia.

3. Fees

Applications for permission by the National Bank of Slovakia are subject to a fee, however the National Bank of Slovakia does not charge a notification fee for outward or inward AIFMD passport notifications. More details about the fees are available on the National Bank of Slovakia’s website.