Cyprus consistent efforts to modernize its regulatory environment for

investment funds, has created a legal framework bearing hallmarks of the

regimes in Luxembourg and Ireland, and has strengthened Cyprus’ profile as an

emerging European funds and asset management domicile.

Assets under management have tripled since 2013 reaching almost €3

billion, and the country has seen a surge of interest and appetite from

investors and fund service providers looking for new and interesting

EU-regulated jurisdictions.  Cyprus

offers both EU-regulated Undertakings of Collective Investment in Transferable

Securities (UCITS) and Alternative Investment Funds (AIFs), and is confident

that it will make significant progress in attracting more fund managers in the

foreseeable future.

Cyprus is also praised for its expert and knowledgeable service providers

who offer their services at a comparatively lower cost without compromising the

quality of their services.  Furthermore,

the smooth collaboration between the service providers and the competent

authorities guarantee the swift and unwavering delivery of their services

towards their clients.

By virtue of being one of the few former British colonies situated within

the EU, Cyprus has inherited the English legal system and values.  As a result, the Cyprus independent judicial

system applies the principles of common law and draws guidance from English

statutes and case law.

Cyprus also offers one of the most attractive tax regimes in Europe.  Foreign investors and Cyprus non-domiciled

individuals enjoy no withholding tax on dividends.  At the fund level, there is a uniform 12,5%

corporation tax on profits, constituting one of the lowest corporation tax

percentages in Europe. Fund management and administration services provided to

investment funds are not subject to VAT, resulting to the value base of the

investment fund not being burdened with a non-recoverable cost.  Las but not least, Cyprus has access to an

extensive network of double tax treaties allowing for tax efficient structuring

of investments.

How can we assist

you:

Using our expertise we will implement your preferred fund structure and

provide you with valuable market insights and experience that are second to

none.

Our Services:

your AIF:  We examine the alternative forms that the

fund can take so that it meets your requirements,

application package:  We can prepare the full

application package that needs to be submitted to the Regulator.  During this process, our experienced team

will advise you on how better to structure your operations and will assist with

the preparation of all the necessary documents to be included in the

application package.

of the application: We can assist you in replying to any queries or providing additional

clarifications as requested by the Regulator during their examination of the

application.

Please

contact Xenia Kalogirou, [email protected]<;

for further information and/or clarifications.