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:

1. Licensing application to the Regulator:
• Choosing the right form of your AIF:  We examine the alternative forms that the fund can take so that it meets your requirements,
• Preparation of the 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.
• Follow-up of the processing 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.
2. Corporate secretarial services
3. Legal support
4. CRS and FATCA compliance services
5. Direct and Indirect tax services
6. Internal Audit services

7. Please contact Xenia Kalogirou, [email protected]<; for further information and/or clarifications.