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ARTICLE · 06 DECEMBER 2021

Alternative Investment Funds – An Overview

Soteris Pittas & Co L.L.C
Soteris Pittas & Co L.L.C
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Soteris Pittas & Co L.L.C

Soteris Pittas & Co L.L.C

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Registered Alternative Investment Funds (‘'RAIFs''), in the form of Common Funds or Fixed/Variable Capital Investment Companies which are subject to the provisions of the Companies Law CAP. 113...

CyprusFinance and Banking
Kyriakos Pittas
Kyriakos Pittas
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1. Types of available Alternative Investment Funds

The available legal structures which can be used for Alternative Investment Funds (AIFs) established in Cyprus are the following:

(i) Registered Alternative Investment Funds (''RAIFs''), in the form of Common Funds or Fixed/Variable Capital Investment Companies which are subject to the provisions of the Companies Law CAP. 113, or in the form of Limited Partnerships which are subject to the General and Limited Partnerships and Business Names Law CAP. 116. RAIFs do not provide limits on the number of investors that can take part nor do they provide for minimum capital requirements. However, RAIFs have to be managed by an external manager. While the other types of AIFs must first be authorized by the Cyprus Securities and Exchange Commission ("CySEC") in order to operate, RAIFs only need to be registered with CySEC.

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