Fees and charges
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Marketing of UCITS in other EEA member countries
Marketing of UCITS established in another European Union Member State within the territory of the Republic of Croatia
Marketing of AIFs established in another European Union Member State within the territory of the Republic of Croatia
Pre-marketing conditions for EU AIFMs within the Republic of Croatia
Fees and charges
This page contains information on the fees and charges levied by Hanfa for carrying out its duties in relation to the cross-border activities of AIFMs, EuSEF managers, EuVECA managers and UCITS management companies referred to in Article 10(1) of Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings.
Hanfa levies fees in accordance with the Ordinance on the calculation, level and charging of fees paid to the Croatian Financial Services Supervisory Agency for the year 2024 which is available via the following link.
Hanfa levies the following fees on management companies regarding cross-border management:
- management fee for managing UCITS established in the Republic of Croatia in the amount of 0.3‰ of the total asset value of the UCITS
- notwithstanding point 1., management fee for managing UCITS MMF established in the Republic of Croatia in the amount of 0.2‰ of the asset value of the UCITS MMF
The fees referred to in points 1. and 2. shall be calculated within deadlines that are equal to deadlines for valuation of the UCITS assets. The total value of the UCITS assets is multiplied with the relevant percentage (0.3‰ or 0.2‰) and then divided by the number of valuation days in the year. The monthly amount of the payment fee obligation shall be calculated by summing the fees calculated in the described manner during the accounting month.
Hanfa levies the following fees on EU AIFMs regarding cross-border management:
1. management fee for managing AIFs established in the Republic of Croatia in the amount of 0.3‰ of the total asset value of the AIF
The amount of the payment fee referred to in the paragraph above shall be calculated for the last day of the accounting period by multiplying the total assets by 0.3 ‰ and dividing them by the number of accounting periods (12 for AIFs with public offering, and 2 for AIFs with private offering). When calculating the amount of the fee obligation, the number of the AIF’s operating days during the accounting period is taken into account, i.e. the fee is calculated in proportion to the number of the AIF’s operating days in the accounting period. The fee shall be paid within 15 days from the deadline for the submission of the report on the valuation of the AIF's assets and the calculation of the AIF's share price in accordance with the Ordinance on determining the net value of AIF's assets and the price of shares in the AIF.
Hanfa levies a supervisory fee on management companies regarding cross-border marketing in the following amounts:
1. the fee for directly marketing the units of UCITS they manage in the Republic of Croatia amounts to EUR 1,850.00 per UCITS per year (in case of an umbrella fund, the fee for the second and any subsequent sub-fund amounts to additional EUR 390.00)
2. the fee for marketing the units of UCITS they manage in the Republic of Croatia trough a branch established in the Republic of Croatia amounts to EUR 2,650.00 per UCITS per year (in case of an umbrella fund, the fee for the second and any subsequent sub-fund amounts to additional EUR 590.00)
3. the fee for marketing the units of open-ended investment funds with public offering from a third county in the Republic of Croatia amounts to EUR 2,650.00 per investment fund per year.
The monthly amount of the above payment fees shall be calculated by dividing the amount of the annual supervision fee by 12. Exceptionally, if a management company from another Member State requests so, the amount of the fee may also be paid annually.
Hanfa levies a supervisory fee on EU AIFMs regarding cross-border marketing in the following amounts:
1. the fee for directly marketing the units or shares of AIFs they manage in the Republic of Croatia amounts to EUR 1,850.00 per AIF per year (in case of an umbrella fund, the fee for the second and any subsequent sub-fund amounts to additional EUR 390.00)
2. the fee for marketing the units or shares of AIFs they manage in the Republic of Croatia trough a branch established in the Republic of Croatia amounts to EUR 2,650.00 per AIF per year (in case of an umbrella fund, the fee for the second and any subsequent sub-fund amounts to additional EUR 590.00)
The monthly amount of the above payment fees shall be calculated by dividing the amount of the annual supervision fee by 12. Exceptionally, if a management company from another Member State requests so, the amount of the fee may also be paid annually.
Disclaimer: The fees or charges listed above are those that are levied by Hanfa. However, marketing UCITS or AIFs in Croatia may incur other costs relating to administrative obligations, third-party advice or commercial development. Hanfa is not responsible for maintaining external websites and is not liable for any error or omission on any external website to which hyperlinks are provided on this webpage.
