With the enactment of the Alternative Investment Funds Law 124(I)/2018, commonly referred to as the “AIF Law of 2018” or the “AIF Law,” in July 2018, Cyprus has significantly enhanced and modernized its offerings in the realm of alternative investment funds, also known as "non-UCITS". This transformative legislation introduced the possibility to register AIFs in Cyprus, including Registered AIFs, and refined other types of AIFs, such as AIFs with Unlimited and Limited Number of Persons. Operating at the forefront of these advancements, C.Savva & Associates Ltd offers comprehensive services tailored to the evolving needs of global fund promoters and managers.
Comprehensive Guide to Cyprus AIFs
Basics of Cyprus AIFs
Alternative Investment Funds in Cyprus provide a robust framework for the management and distribution of non-traditional investment products. These funds are designed to cater to a diverse investor base, offering structures such as AIFs with Limited Number of Persons (AIFLNP) and AIFs with Unlimited Number of Persons (AIFUNP), each serving different investor capacities and regulatory preferences.
Regulatory Framework
The AIF Law of 2018 has aligned Cyprus with the top EU jurisdictions for fund management, incorporating the full spectrum of EU directives, including the Alternative Investment Fund Managers Directive (AIFMD). This alignment ensures rigorous governance, risk management, and operational standards, safeguarding investor interests and enhancing the transparency and efficiency of fund operations.
Benefits of Domiciling AIFs in Cyprus
Domiciling an AIF in Cyprus offers numerous advantages. The island's strategic location at the crossroads of Europe, Africa, and Asia, combined with its stable political climate and attractive tax regime, provides an ideal environment for fund management operations. Additionally, Cyprus's modern legal framework and EU membership facilitate seamless access to European markets, making it a preferred jurisdiction for fund promoters and managers worldwide.
Savva & Associates: A Leader in Fund Services
At C.Savva & Associates Ltd, our Investment Funds Division excels in providing expert financial, legal, and tax services, ensuring efficient fund establishment, licensing, and management. Our team of qualified accountants, lawyers, and fund professionals are dedicated to delivering bespoke solutions that meet the unique needs of our clients.
Exclusive Services Offered
C.Savva & Associates Ltd extends beyond traditional fund administration services, assisting clients in selecting key operational personnel, including Investment Managers, Depositaries, Auditors, and other essential roles. Recognized as a leader in the Cypriot investment fund market, our firm played a pivotal role in shaping the current legislative framework and continues to collaborate with some of the world's premier independent money managers, family offices, and institutional investors.
For those interested in exploring the opportunities afforded by Cyprus AIFs, or for more detailed insights into how C.Savva & Associates Ltd can assist in meeting your investment goals, we invite you to contact Charles Savva directly at info@savvacyprus.com for a complimentary consultation. Embrace the strategic advantages of Cyprus as your investment fund domicile and partner with a leader in global fund management services.
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