LLPO Law Firm
  • Home
    • Law Firm Profile
  • People
    • Michael O. Ioannides >
      • Blog Posts
      • Social
    • Andreas N. Leonidou >
      • Social
    • Christos O. Ioannides >
      • Social
    • Agathoklis Korellis
    • Andreas Karamanos
    • Christodoulos Leonidou
    • Giannakis Lazarou
    • Leontios Philotheou
    • Nikoletta Agrotou
    • Maria Angelides
    • Panayiota Zacharia
    • Rena Afami
    • Yiannis Seraphim
  • Αρχικη
  • ГЛАВНАЯ
  • ΑΝΘΡΩΠΟΙ
  • Litigation
    • Commercial Litigation >
      • People
    • Criminal Litigation >
      • People
    • Personal Injuries >
      • People
    • Banking Litigation >
      • People
    • Class Actions >
      • People
    • Medical Negligence >
      • People
  • Advisory
    • Financial Services >
      • Experience
      • Resources
      • People
    • Corporate >
      • Services
      • Resources
      • People
    • Lotteries, Gaming and Gambling Regulation >
      • Services
    • Educational Services >
      • People
  • Services
    • Alternative Funds (AIF)
    • Mutual Funds (UCITS)
    • CY Investment Programme
    • Permanent Residence Permit
    • Yacht Leasing Scheme
    • Cyprus International Trusts
    • Cyprus Investment Firms (CIF)
    • Payment Institutions
    • Electronic Money Institutions
  • ΥΠΗΡΕΣΙΕΣ
  • УСЛУГИ
    • Альтернативные Фонды
    • Mutual Funds (UCITS)
    • Паспорт Инвестора ЕС
    • Permanent Residence Permit
    • Yacht Leasing Scheme
    • Cyprus International Trusts
    • Cyprus Investment Firms (CIF)
    • Payment Institutions
    • Electronic Money Institutions
  • Blog
  • Contact
  • Επαφη
  • КОНТАКТЫ
  • Финансовые Услуги
  • Корпоративные Услуги
    • Услуги

Benefits of the Cyprus Alternative Investment Funds

30/11/2015

0 Comments

 
#caif #funds #financialservices #moi #aleo
As regional and domestic markets continue to expand and fuel economic growth, the funds industry of Cyprus is taking a frontline the global investment environment. In particular more and more investors and managers are choosing Cyprus as their prefered jurisdiction for the establishment and administration of their Alternative Investment Funds.

The Benefits of an Alternative Investment Fund in Cyprus is that it offers a range of legal, regulatory and tax solutions to address and meet the needs of AIF    promoters and investors alike. Services     such as setup and acquisition structuring, fund administration, legal, custody and audit are provided in a wide and customized range, and at competitive costs in comparison to other reputable funds jurisdictions. Cyprus has enacted strict Anti-Money Laundering Regulations,  in line with EU and international standards.

​
Picture
There are no specific provisions or special modes of taxation in Cyprus tax  law regarding AIFs. Therefore, provided an AIF is structured in the form of a private limited liability company, and its management and control is exercised in Cyprus, it is taxed in the same way as a Cyprus tax resident company. All of the advantages afforded by the Cyprus tax regime will fully apply to the AIF regime.

The below are the main tax advantages enjoyed by an AIF in Cyprus:

  • Exemption from tax on profits from disposal of shares and other financial instruments;    
  • Exemption from tax on foreign dividends received (with some conditions);    
  • No withholding tax on interest and dividend payments made to non-residents;
  • No stamp duties on the subscription, redemption, repurchase or transfer of units;    
  • Dividends distributed or deemed to be distributed by an AIF to Cyprus tax    residents are     subject to 3% SDC (compared to 17% that applies to dividends from normal limited liability companies to Cyprus tax residents);
  • No withholding tax on redemption of units;    
  • Can obtain a Tax Residency Certificate;    
  • Enhanced image and creation of substance. Unlike private companies, an AIF is    subject to regulation and monitoring, all Directors are deemed to be “fit and proper”, investment strategies is documented within a Private Offering Memorandum, and a custodian/depositary and investment manager are typically appointed.
  • A wide network of Double Tax Treaties is in place with more than 58 countries worldwide, securing tax incentives and encouraging the channeling of funds in other countries with nil or low withholding tax rates;    
  • In practice most AIFs generate only exempt forms of income, hence are not subject to Cyprus tax.
For more information on this subject please check Alternative Funds (AIF) contact Mr. Michalis Ioannides or Mr. Andreas Leonidou - Partners of  LLPO Law Firm Cyprus.
0 Comments

Financial Crime & Forensic Investigations Conference

18/11/2015

 
Picture

​








​
​One of LLPO Law Firm’s partners, Mr. Christos Ioannides, will be presenting at Financial Crime & Forensic Investigations Conference at Hilton Park Hotel in Nicosia, on Tuesday 1st December 2015. Christos will be hosting the subject 'Defence Strategies in Financial Crime Prosecution'.

His presentation will be concentrated on the following topics:
  • Adversarial Legal System and the Benefit of the Doubt;
  • The Defence Lawyer as a Strategist;
  • The Investigation and Pre - Trial strategies;
  • Post Investigation Evaluation;
  • ‘Let the best story prevail’ Principle’;

Christos Ioannides is a criminal lawyer and together with Savvas Angelides - Head of Criminal Department, are leading  LLPO’s criminal defence team. LLPO is currently defending clients in all the major corruption cases in Cyprus.

The first Financial Crime & Forensic Investigations Conference in Cyprus is offering the opportunity to find out more about new forms of white collar crimes, corporate ethics and independence, and methods for combating/ preventing financial crime.  Presentations will be provided by a selection of high profile industry experts and professionals from both Cyprus and abroad.

Some other guest speakers at the event will be:
  • Demetra Kalogerou - Chairwoman of the Cyprus Securities and Exchange Commission.
  • Christos Vasiliou - Board Member, Head of Advisory, KPMG Cyprus.
  • Evy Poumpouras - Consultant, Former U.S. Secret Service;
  • Michael Sauermann - Partner Forensics, KPMG Germany.
  • Maros Holodnak - Director Forensics, KPMG CEE.

Financial Crime & Forensic Investigations Conference 2015 Brochure.

For more information please contact Mr Savvas Angelides  and Mr Christos Ioannides,- Partners of LLPO Law Firm Cyprus

                    Cyprus Investment Firms (CIFs)                         Investment Services and Regulated Markets in Cyprus

11/11/2015

0 Comments

 
The investment management sector is developing rapidly on the island as it has become one of the most appealing countries to start up and manage financial services. With the entrance of Cyprus in the EU in 2004, it has opened many business doors as well as the influence of the CIFs which have successfully set up and operate efficiently. The Cyprus Securities and Exchange Commission (CySEC) licensed nearly 200 CIFs to date.

This adds up to a continuous interest in setting up and operating CIFs in Cyprus as it offers an attractive tax regime. There are lots of reasons why the access of the European Securities Markets is becoming increasingly tempting. Other than providing liquidity and access to a diverse pool of investors, European listings provide companies with the appropriate status for further European and international expansion.

​
Picture
LLPO Law Firm can assist by incorporating the entity to be licensed, as well as the preparation of various documents, the submission of the application, following up the process and the promotion of your application with Cyprus Securities and Exchange Commission and the activation of the license by submission to the regulatory authorities.

For more information on this subject please contact Mr. Michalis Ioannides - Partner LLPO Law Firm Cyprus

0 Comments

The role of the NOMAD in the Cyprus Emerging    Companies Markets

9/11/2015

0 Comments

 
Nominated Advisor (NOMAD) is a law firm or a financial institution or a Cyprus Investment Firm (CIF) or an audit firm or another legal entity appointed by the Council of the Cyprus Stock Exchange as a Nominated Advisor for the Emerging Companies Market of the Cyprus Stock Exchange which manages and promotes the listing of securities on the Emerging Companies Market and whose name is entered in a special list of Nominated Advisors published by the Cyprus Stock Exchange.

The major role of the NOMAD is to ensure that the issuer/company is appropriate to be quoted on the Emerging Companies Markets (ECM) and to assure that the rules and regulations are complied with on flotation. The NOMAD must be retained at all terms to consult the issuer/company. A short sum up, the NOMAD represent the issuer through the listing procedure and provide advice to the issuer in respect of the compliance of the continuous obligations in the market.

​
Picture
Listing your company in the Cypriot ECM can offer major benefits as it can be associated with being part of such an efficient run market, as well as the general advantages of being listed, such as marketability and credibility. There is an additional advantage for companies with international interest; (depending on the jurisdiction) they can be safeguarded from the application of CFC rules.

LLPO Law firm is CSE approved NOMAD since 2009. It has a actively reputation for its experience in listing companies in the Cyprus Stock Exchange Market. LLPO’s NOMAD role include:
  • Nominated Advisory services
  • Preparation of the admission document    
  • Preparation of the information memorandum
  • Ensuring compliance with ECM rules and regulations
  • Subsequent to admission, we will continue to advise the company on its ongoing obligations as a listed company

For more information on this subject please contact Mr. Michael Ioannides - Partner LLPO Law Firm Cyprus
0 Comments

Cyprus Alternative Investments Funds (AIF)

5/11/2015

0 Comments

 
#caif #funds #financialservices #moi #aleo
The Alternative Investments Funds Law of 2014 was enacted by the House of Representatives on 10th July 2014 and came into force on 18th July 2014. The new law replaces the International Collective Investment Schemes Law (ICIS) of 1999.
 
Under the applicable Cypriot legislation, namely the AIF Law, the Cyprus Securities and Exchange Commission (“CySEC”) is the regulatory and supervisory authority for AIFs and may, upon a written application, recognise a FIxed or Variable Capital Company, a Common Fund or a Partnership as a AIF.
Picture
Main characteristics of the AIF Law
The new AIF Law introduces new structuring options which were not possible under the previous framework, such as:
  1. It offers umbrella funds with multiple investment compartments that can operate individually, each with a different investment policy and different asset pools;
  2. It allows the creation of AIFs with Unlimited Number of Persons, or AIFs with Limited Number of Persons;
  3. Investors can participate as co-owners in the common contractual funds. These types of funds are particularly used for pension purposes;
  4. The Depositary function may now be undertaken, in certain cases, by an entity other than a credit/banking institution, subject to certain conditions. This may aid in the structuring and operations of AIFs not directly investing in financial and money market instruments, such as private equity and real estate funds;
  5. Possibility to make public offerings of shares/units of AIFs (the offering of ICIS shares/units was restricted to private placement only);
  6. Can list the units of AIFs on various stock exchanges

For more information on this subject please check Alternative Funds (AIF) contact Mr. Michalis Ioannides - Partner LLPO Law Firm Cyprus
0 Comments

    Archives

    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    August 2018
    July 2018
    June 2018
    March 2018
    October 2016
    September 2016
    November 2015
    October 2015
    September 2015
    April 2014
    March 2014
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    June 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    April 2011
    March 2011
    November 2010

    Categories

    All
    Accident
    Alert
    Andreas Leonidou
    Bail In
    Banking
    Betting
    Business
    CFC
    CHF
    Christos Ioannides
    CIF
    Citizenship
    Company
    Corporate
    Criminal Law
    CSE
    Customs
    Cylon
    Cyprus
    CySEC
    David Anderson
    Depositors
    Dividends
    Double Tax Treaties
    ECM
    Education
    Enviromental
    Eurogroup
    Europe
    Exclusive Economic Zone
    Financial
    Finland
    Foreign Currency
    Forum
    Framework
    Fraud
    Gambling
    Greece
    Health & Safety
    ICIS
    India
    Innovation
    Investors
    IP
    Law
    Lawsuit
    Legislation
    Levy
    Luxemburg
    Maria Panayiotou
    Michael Ioannides
    News
    NOMAD
    Oil And Gas
    Passport
    Portugal
    Property
    Property Rights
    Real Estate
    Residence Permit
    Russia
    Securities
    Spain
    Switzerland
    Tax
    Ukraine
    Unitary Patent
    United Kingdom
    Universities
    VAT
    Yacht

    RSS Feed

Cyprus (Head Office)

15, Agion Omologiton Avenue,
1080, Nicosia, 

Cyprus
✆ +357 (22) 452600 
⎙ +357 (22) 452611

Greece

34, Voukourestiou,
4th floor, 10671, Athens (Kolonaki),
Greece
✆ +30 (210) 3617152
⎙ +30 (210) 3617153

United Kingdom

235 Regents Park Rd,
London N3 3LF, UK

✆+4402035884107
Picture
   info@llpolawfirm.com
© 2015 LLPO Law Firm. All Rights Reserved.