Only individual residents in Spain, foreign people with Spanish ID (NIE holders), companies resident in Spain and non-resident companies with Spanish Tax ID (NIF holders) who accomplish following rules are authorized to invest in ArtsGain Mutual Funds:
Professional investors per se (article 205 TRLMV) that may also sell the shares of the Funds. ARTSGAIN will check professional accrediation and will verify that the investor meets the requirements established in article 58 of RD 217/2008, which in the case of companies must meet at least two of the following three conditions: company assets worth greater than €20M, annual turnover exceeding €40M or current assets exceeding € 2M.
Clients who request their treatment as a qualified investors (article 206 TRLMV): it must be requested by the client himself and ARTSGAIN have to evaluate if the investor meets at least two of the following three conditions (article 59 of RD 217/2008): significant volume of art investments, current artwork portfolio over € 500,000 or recognized position in the arts industry. If requirement is met, investment could be lower than €100,000.