Common Fund – Limited Partnership – Investment Company
Cyprus Investment Fund may be established with limited or unlimited duration and can take the following legal structures:
(a) investment company in the legal form of a limited liability company with fixed capital (FCIC);
(b) investment company in the legal form of a limited liability company with variable capital (VCIC);
(c) common fund (CF), which is a contractual pool of assets without legal personality;
(d) limited partnership (LP) with or without legal personality.
Where is the Cyprus Alternative Investment Fund (AIF) established:
(a) in the legal structure of a common fund, its name shall include the term ‘common fund’.
(b) in the legal structure of an investment company, its name shall include the term ‘fixed capital investment company’ or ‘variable capital investment company’, as appropriate;
(c) in the legal structure of a limited liability partnership, its name shall include the term ‘limited liability partnership’.
|Investment Company with Variable Capital||Investment Company with Fixed Capital||Common Fund*||Limited Partnership**|
*A common fund can be converted to Investment Company or Limited Partnership and it is only available when established as AIF with unlimited number of persons or as Registered AIF.
**Amendments to the Partnership Law allow the General Partner to elect for legal personality of the Limited Partnership upon its establishment, while maintaining tax transparency status.