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Cyprus Alternative Investment Funds

Cyprus Alternative Investment Funds are transforming Cyprus into the new funds hub in Europe

Cyprus Profile as an Alternative Investment Funds Center in Europe

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Cyprus is now combining its proven tax efficient regime with the required infrastructure for the funds industry to create a new dynamic and competitive European hub for fund management and administration. It now offers a modern and flexible legislative framework to all Alternative Investment funds types within European AIFMD Directive enabling EU Passporting for AIF's. Such features are combined with the half century international business experience of professionals in Cyprus, the UK based legal system, the low cost and business friendly government to create one of the most prominent offerings in the Funds Industry.

Cyprus Fund Benefits

No restrictions on Investments

The regulator in Cyprus (Cyprus Securities Commission) imposes no restrictions in the type of investment of a Cyprus AIF.

Self-Managed Funds

Alternative Investment Funds in Cyprus may be managed by their Board of Directors, hence a Fund Manager is not required, saving on ongoing costs and efficiency. 

Stock Exchange Listing

Cyprus AIFs may be listed in Cyprus or any other Stock Exchanges or listing of the fund in international information services.

No Capital Gains Tax

Alternative Investment Funds in Cyprus avoid the payment of any capital gains tax (GGT) on disposal or redemption of fund units.

Double Tax Treaty Network

Cyprus AIFs established as "companies" are classified as such in accordance to the 65 DTT's of Cyprus with investment destinations worldwide. 

No red tape - no delays

Establishing a Cyprus Fund is quite simple and straight forward with an estimated time for approval of 4-6 weeks.

Umbrella Funds

Fund in Cyprus may be established as umbrella funds with segregated sub-funds with differing investment policies, asset types and investor base.

Simple Regulator Reporting

The regulator in Cyprus is not imposing excessive reporting requirements for the funds or its Fund Manager. 

No Withholding Tax on Dividends

Any dividend distributed to the unit holders of the Cyprus AIF is tax exempt and no tax is withheld on such amounts.

No VAT on Fund Managers

All Management Services provided by a Fund Manager to an Alternative Investment Fund in Cyprus are fully exempted from VAT duty.

Services

Setting Up and Licensing

Preparation and submission of an application package to CySEC to obtain a license, including advice on the best way to set up the fund as regards staffing, organisational structure and costs.

Legal and Compliance Services

Establishment of the Legal Entity, ongoing legal support and compliance regarding the affairs, agreements and structuring of the fund and any subsidiary entities.

Administration, Audit and Internal Audit Services

Ongoing provision through our associated companies of Audit, Internal Audit and Administration services.

Tax Services

Provide advice as to the tax structure involved including the structure involved between the fund and the investments in a way as to maintain tax efficiency for the manager and unit holders.

Fiduciary and Custodian Services

Provision of fiduciary services to the fund, its subsidiaries and its unit holders including all custodian services required by the fund in relation to investments in non-regulated financial instruments.

People

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Michael O. Ioannides
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Andreas N. Leonidou

Cyprus (Head Office)

15 Agion Omologiton Avenue
1080, Nicosia 

Cyprus
✆ +357 22 452 600 
⎙ +357 22 452 611

Greece

05 Paleologou Street 
18535, Athens 
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Greece
✆ +30 210 3617152
⎙ +30 210 3617153

United Kingdom

235 Regents Park Road
London N3 3LF 
United Kingdom

✆+44 203 588 4107

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